1920 Nc – 54 Durham, NC 27713
- Office Properties & Spaces
- 3,150 SF
Current Use by Public Records
- Isalis / Boutique / Women'S Clothing Store
- Party City / Candy Store / Costume Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 1920 Nc – 54
- Property size
- 3,150 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 3,150 square foot executive office condo in Durham, North Carolina, presents a rare investment opportunity. Located at 1920 NC-54, Durham, NC 27713, the property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $77,250. The property is currently leased under a triple net (NNN) lease to a long-standing dental practice, providing financial stability and predictable cash flow. The 10-year lease, with 9 years remaining on the initial term and two 5-year renewal options, ensures a secure investment for years to come. The lease includes a favorable 3% annual escalation clause, protecting against inflation. The interior has been recently remodeled, minimizing immediate capital expenditure needs. Detailed financial information is available upon request with the execution of a non-disclosure agreement (NDA). This is a turnkey investment ideal for those seeking a stable, high-return office property in a thriving Durham location. The property's prime location and strong tenant occupancy make it an attractive proposition for discerning investors. Don't miss this chance to acquire a well-maintained, high-performing asset in a desirable market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.8976
- Latitude
- 35.9017
