3823 Guess Rd, Durham, NC 27705

Willowdaile Shopping Center is a 93,048 square foot

neighborhood shopping center that is currently 80% occupied

and anchored by Ollie's Discount Outlet. Tenancy in the center

includes other national tenants such as Starbucks, H&R Block,

State Farm, and Family Dollar. Ollie's and Starbucks both rank in

the top 10% of store performance based on data from Placer.ai,

confirming demand for the center and putting a new owner in a

strong position to increase rents and grow NOI.

This property is a true value-add opportunity providing an

investor the ability to improve performance in multiple

categories:

Improve occupancy from the current 80% to the market average

of 96%.

Mark to market in-place rents of $13.68 per square foot to the

market average of $17 per square foot for older centers.

Potential to renovate and elevate the property to full market

rates in the upper $20s per square foot.

Target returns of mid-teens cash-on-cash and IRR in the mid 20

% range.

Call for offers, Monday, October 13, 2025.