Multi Bay Retail & Office – Prime Roxboro Corner
Multi Bay Mixed Use with Extra Lot on Roxboro’s Busiest Corridor
Marketing description
±11,000 SF multi-bay mixed use building located at a signalized intersection along Roxboro’s primary commercial corridor. The property is configured into six suites across three levels and is now fully leased. A mix of short and mid term leases provides both income stability and flexibility, with several tenants in place through 2026 and one suite offering near term repositioning or potential for owner occupancy.
The property generates approximately $86,400 in annual gross income, with an estimated NOI of $64919 — supporting a cap rate of approximately 8.17 percent at the current asking price of $795,000. All leases are gross, with select units rented below market, offering near term upside through improved lease terms, management, or potential conversion to NNN.
The offering includes an additional 0.25 acre parcel at the rear of the property, ideal for expanded parking or long term improvements. Located across from a new Burger King and just behind a newly constructed SECU Credit Union, the site benefits from excellent visibility, access from both Madison Blvd and Long Ave, and traffic counts exceeding 20,500 vehicles per day. Less than 30 miles from downtown Durham, this asset offers immediate income with long term upside for investors or flexibility for owner users.
Investment highlights
±11,000 SF across three levels: retail, office, and lower level bays
Fully leased six-suite layout with income in place
Main retail bay is under market and a short term lease, offering near-term upside
Former Domino’s space with existing hood and cooler in place
Includes additional 0.25-acre parcel for expanded parking or future use
Signalized hard corner with access from both Madison Blvd and Long Ave
Surrounded by new development, including Burger King and SECU Credit Union
20,500+ vehicles per day on Roxboro’s busiest commercial corridor
Less than 30 miles from downtown Durham
Ideal for owner-users or investors seeking stable income with repositioning potential
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