Listing Agency: CBRE | Raleigh t***@cbre.com Show Phone

Listed By: Tiffany Barrier Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Jul 10 Last Checked: Aug 12 at 11:48AM

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Investment Insights

Based on property information with market context.

Durham Festival Center is a 134,290 square-foot shopping center. The property is anchored by Harris Teeter. The available retail space measures 11,868 square feet.

Key Highlights

• Anchored by Harris Teeter
• Located in the heart of Durham
• 134,290 SF shopping center

Property Analytics

Property Profile

Current Use

higi Physician Harris Teeter Pharmacy Pharmacy Harris Teeter (Bike/Boat/Book/etc) Store Harris Teeter Money ... Check Cashing Kroger Fuel Center Gas Station

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Garden Center Cafe & Coffee Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

562

Businesses Nearby

425k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 54% Shops & Services 32% Groceries 9% Electronics 2%

Chick-fil-A Dining

46,629 visits/mo 0.1 miles

Sheetz Shops & Services

39,819 visits/mo 0.2 miles

Harris Teeter Groceries

38,759 visits/mo 0.1 miles

Bojangles' Famous Chicken 'n Biscuits Dining

30,983 visits/mo 0.2 miles

Cook Out Dining

30,262 visits/mo 0.4 miles

Demographics for 27705, NC

50,472

Population

24,108

Households

2.1

Avg Household Size

34

Median Age

62%

College-Educated

91%

High-School Grad

42.1 sq mi

ZIP Area

1,199

Density / Sq Mi

$71,153

Median Household Income

$43,138

Median Earnings

$1,422

Median Rent

$398,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the lease rate? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail space for lease in Durham Festival Center.

Where is this shopping center located?

The property is located at 3457 Hillsborough Road Durham, NC.

What are key features of this property?

This property features: Anchored by Harris Teeter; Located in the heart of Durham; 134,290 SF shopping center