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

Listed By: Matt Larson Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 5:08AM

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Investment Insights

Based on property information with market context.

This property features a mixed-use redevelopment opportunity with over 300,000 square feet of space. It is situated in a vertically integrated, main street setting.

Key Highlights

• 300,000+ sf mixed‑use redevelopment
• Vertically integrated setting
• Main street setting

Property Analytics

Current Use

Shopping centers

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

77

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 27707, NC

49,787

Population

23,528

Households

2.1

Avg Household Size

34

Median Age

57%

College-Educated

92%

High-School Grad

20.7 sq mi

ZIP Area

2,405

Density / Sq Mi

$72,432

Median Household Income

$45,803

Median Earnings

$1,364

Median Rent

$371,500

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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Frequently Asked Questions

What type of property is this?

Shopping center - Mixed-use redevelopment with main street setting.

Where is this shopping center located?

The property is located at University Dr & Shannon Rd Durham NC 27707 USA Durham, NC.

What are key features of this property?

This property features: 300,000+ sf mixed‑use redevelopment; Vertically integrated setting; Main street setting