Absolute NNN Collision
New
For Sale
$4,975,000
816 Ramseur St, Durham, NC 27701
Caliber Collision occupies the site under an absolute NNN lease with no landlord responsibilities.
Property Size16,731 SF
Price / SF$297.35
Days on Market2
Property Features for 816 Ramseur St
General Information
Standard status
Active
Size
16,731 SF
Property subtype
Auto Parts
Lease Type
Absolute Net
Site & Location
Neighborhood
Edgemont
Tenancy & Operations
Tenant in Place
Yes
In-Place Lease Type
Absolute NNN
Current Tenants
Caliber Collision
Real Estate Included
Yes
Additional Details
Cap Rate
6.36%
Automotive Uses
collision/body shop
Amenities
ABSOLUTE NNN LEASE: Triple net lease structure provides completely passive ownership with zero landlord responsibilities or management obligations
NATION'S LARGEST COLLISION REPAIR COMPANY: Caliber Collision is the industry leader with 1,800+ locations in 41 states across the U.S.
STRONG CORPORATE GUARANTY: Lease is backed by Wand NewCo, providing secure and reliable income supported by a well-capitalized parent company
RECESSION-RESISTANT BUSINESS MODEL: Insurance-driven demand and non-discretionary repair services provide stability through all economic cycles
PRIME DOWNTOWN DURHAM LOCATION: Strong infill urban positioning within a rapidly growing, revitalized downtown corridor with strong population and employment density
PROXIMITY TO DUKE UNIVERSITY: Located just minutes from Duke University, one of the region's largest employers and economic anchors with 18,000 enrolled students
Building Details
Building Size
16,731 SF
Listing Agency:
Marcus & Millichap - Encino
Listed By:
Lior Regenstreif · License #License(s): CA: 01267761
(818) 212-2730
Source:
Marcusmillichap
Added: Oct 23
Last Checked: Oct 23 at 5:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 816 Ramseur St in Durham, this property is occupied by Caliber Collision. The absolute NNN lease assigns landlord responsibilities away from the owner and includes a corporate guaranty from Wand NewCo. More than six years remain on the base lease term.
The property is in downtown Durham, with convenient access to Duke University, identified as one of the region’s largest employers.
The property is in downtown Durham, with convenient access to Duke University, identified as one of the region’s largest employers.
Key Highlights
- Caliber Collision is the tenant
- Absolute NNN lease with no landlord responsibilities
- More than six years remain on the base lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$221,090
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,421,800
$4.4M
Cap Rate 7%
$3,158,429
$3.2M
Cap Rate 9%
$2,456,556
$2.5M
Market Conditions
NOI Build-Up for 16,731 SF
Gross rent
$335.3K $20.04/SF
− Vacancy
−$19.4K −$1.16/SF
EGI
$315.8K $18.88/SF
− OpEx
−$94.8K −$5.66/SF
NOI
$221.1K $13.21/SF
Area
Durham, NC
Vacancy
5.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,421,800
Cap Rate 7%
$3,158,429
Cap Rate 9%
$2,456,556
Alternative Uses
Best Use
Industrial
$3.16M
$2.76M – $3.68M
NOI $221,090 @ 7.0% cap · market cap 4.44%
Second Best
Retail
$2.76M
$2.41M – $3.21M
NOI $192,892 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$5.40M
$4.73M – $6.30M
NOI $378,184 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,239
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Shell
Shops & Services
11,485 visits/mo
0.3 miles
KFC
Dining
6,505 visits/mo
0.4 miles
Citgo
Shops & Services
2,373 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
996 visits/mo
0.5 miles
Caliber Collision
Shops & Services
834 visits/mo
0.1 miles
Demographics for 27701, NC
25,208
Population
13,409
Households
1.9
Avg Household Size
34
Median Age
50%
College-Educated
85%
High-School Grad
5.2 sq mi
ZIP Area
4,848
Density / Sq Mi
$66,852
Median Household Income
$47,681
Median Earnings
$1,279
Median Rent
$457,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Caliber Collision occupies the site under an absolute NNN lease with no landlord responsibilities.
Where is this nnn property located?
The property is located at 816 Ramseur St Durham, NC.
What is the asking price?
The asking price for this property is $4,975,000.
What are key features of this property?
This property features: Caliber Collision is the tenant; Absolute NNN lease with no landlord responsibilities; More than six years remain on the base lease term
