Property profile

3616 Witherspoon Blvd Durham, NC 27707

OFF-MARKET
Power centers
160,942 SF
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Property summary

AI-generated overview

Patterson Place, a thriving power center in Durham, NC, offers a prime retail opportunity. This 160,942 square foot property boasts ample onsite parking and is strategically located at 3616 Witherspoon Blvd, Durham, NC 27707. Currently, there is one vacant suite totaling 1,378 square feet available for lease. The center enjoys a strong tenant mix, anchored by well-established national brands including Boot Barn, Designer Shoe Warehouse, PetSmart, Total Wine, Home Depot, and Kohl's, ensuring high foot traffic and visibility. This location benefits from its proximity to a diverse mix of office, medical, and residential developments, creating a robust customer base. The property's power center format provides excellent accessibility and convenient parking for shoppers. The available space presents a unique chance to establish or expand a retail business in a high-demand area of Durham County. This is an exceptional opportunity to capitalize on the established success of this premier retail destination. The property's location and strong anchor tenants make it an attractive investment for businesses seeking high visibility and a thriving customer base. The available space is ready for immediate occupancy.

Property profile

Verified
Property type Power centers
Total area 160,942 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Building Supply
  • Locksmith (Bike/Boat/Book/etc) Store
  • Shopping Center & Mall
  • (Bike/Boat/Book/etc) Store

Location

3616 Witherspoon Blvd Durham, NC 27707
Durham metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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