121 Hunt St., Durham, NC 27701

121 Hunt St. is a free-standing, 2-story renovated warehouse building comprising 23,657 square feet. Originally constructed in 1963 as a furniture warehouse, the property was completely renovated in 2015 and 2016 for the Central Park School for Children (CPSC). The building is currently fully leased to CPSC on an NNN basis, with a lease expiration of 6/30/2023 and rent escalation indexed to inflation. The property also includes dedicated on-site surface parking.

The building is a corner property with two adjacent alleys, creating multiple points of access and visibility. Located in Downtown Durham, it is described as being steps from various downtown amenities, including restaurants, breweries, nightlife, hotels, the Durham Performing Arts Center, Carolina Theatre, Durham Farmer’s Market, American Tobacco, West Village, the Durham Innovation District, and historic Durham Athletic Park. The property is also noted as within walking distance to Duke University’s East Campus and a 5-minute drive to Duke’s West Campus, with easy access to Research Triangle Park, I-85, NC Hwy 147, and the area’s major routes.

For tenants or buyers seeking a specialty, school-fit facility with an existing institutional use history, the property’s renovated warehouse improvements and dedicated surface parking provide a practical operational foundation. Investors considering a NNN structure can evaluate the current lease in place and the stated 6/30/2023 expiration date, along with the inflation-indexed rent escalation.