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32815271
32815272

901 E Trinity Ave, Durham, NC 27704

JC
NC 312455
CENTURY 21 Triangle Group
PF
NC 295126
Century 21 Providence  Charlotte
CENTURY 21 Triangle Group
Listed by CENTURY 21 Triangle Group, Century 21 Providence Charlotte
$650,000
200 days on market
Updated 14 days ago

Auto Body & Paint Shop Durham

Details
Property Type Retail, Mixed Use
Sub Type Auto Shop
Square Footage 2,640
Net Rentable (SqFt) 2,640
Tenancy Vacant
Class B
Year Renovated 2021
Buildings 1
Stories 1
Zoning LI
Investment Type Net Lease

Auto Body Shop in Durham

Marketing description

Exceptional investment opportunity in Durham’s growing commercial market. The property is leased to an auto body shop tenant under a 5-year lease generating $5,500/month ($66,000 annually) with 3% annual rent increases. Tenant is responsible for utilities, landscaping, janitorial, trash service, and general day-to-day maintenance, while the landlord maintains responsibility for major structural components including the roof, foundation, and exterior walls. Automotive and light industrial properties remain in high demand throughout Durham, making this a strong cash-flow opportunity with long-term upside potential.

Automotive and light industrial properties remain in high demand throughout Durham, making this a strong cash-flow opportunity with long-term upside potential.

Buyer to verify all information. There is a fence encroachment located along the right side of the property, which the seller is willing to relocate. Additionally, there is a storage structure located at the rear of the property that encroaches onto adjacent city property. To the seller’s knowledge, there have been no issues with the city or neighboring properties regarding these items. The pavement was installed by the seller without a permit, resulting in an estimated cost savings of approximately $45,000. Per seller, no permit was required for the paving work completed.

Investment highlights

5-Year Lease In Place Through September 2030

$5,500/Month Gross Rental Income

$66,000 Annual Gross Income

3% Annual Rent Increases

Auto Body Shop Tenant in Place

Tenant Responsible for Majority of Operating Expenses

Low Landlord Management Responsibilities

Tenant Maintains Utilities, Landscaping, Trash & Janitorial

Automotive & Light Industrial Property

Strong Visibility Along High-Traffic Corridor

High Demand / Limited Automotive Inventory in Durham

Attractive Opportunity for Investors Seeking Cash Flow

Listing Contacts

JC
NC 312455
CENTURY 21 Triangle Group
PF
NC 295126
Century 21 Providence  Charlotte
CENTURY 21 Triangle Group
Listed by CENTURY 21 Triangle Group, Century 21 Providence Charlotte

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Additional Information

Name
Jose Cruz
License
312455
Brokerage
Century 21 Triangle Group Commercial
Brokerage Phone
9842398452
Name
Pat Flanagan
License
295126
Brokerage Address
1111 Haynes Street
Name
Rodolph Enescar
License
362267
Brokerage
Century 21 Commercial
Brokerage Phone
919-720-4217
Title
Real Estate Broker
Brokerage Address
1111 Haynes Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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