Listed by Richard Jones Real Estate
$2,550,000
1810 Martin Luther King Jr Pkwy
Details
Property Type Retail
Sub Type Storefront
Cap Rate 7.16%
NOI $182,688
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Acreage 1.530
Zoning CC (Commercial Center)
Investment Type Value Add
Retail | 7.16% CAP
Marketing description
Discover a premier investment opportunity at 1810 MLK Jr Pkwy in Durham, NC. This expansive 16,650 SF retail property is strategically positioned in a high-growth area, offering unparalleled visibility and easy access from the bustling Martin Luther King Junior Parkway. Surrounded by a vibrant community and burgeoning commercial developments, this property is poised to benefit from increasing foot traffic and strong local demographics. Ideal for investors seeking a stable and lucrative asset, the property's prime location ensures consistent demand and the potential for significant appreciation. Don't miss the chance to secure a cornerstone investment in one of Durham's most dynamic corridors.
Listing Contacts
Listed by Richard Jones Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$182,688.00
$15,224.00/mo
Valuation Metrics
0
DSCR
7.16%
Cap Rate
7.16%
ROI
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