3205 University Dr Durham, NC 27707

This 11,896 square foot, single-story shopping center in Durham, NC, presents a compelling investment opportunity. Located at 3205 University Dr, this stabilized asset boasts a 7.10% cap rate and a pro-forma cap rate of 8.30%. Built in 1967 and renovated in 2001, the property features 53 parking spaces and sits on a 1.19-acre lot. Currently 100% occupied with multiple tenants, including a Domino's Pizza, the center benefits from recent capital improvements including new HVAC, parking lot resurfacing, and landscaping. Its prime location in South Durham, near Duke University, Research Triangle Park, and I-40, offers exceptional access to a high-income demographic. The surrounding area shows strong retail performance with approximately 1,000,000 square feet of retail and 1,800 apartment units within a one-mile radius. The property's proximity to downtown Durham (three miles) and a population of 144,551 within a three-mile radius further enhances its investment potential. An adjacent one-acre parcel is also available for purchase separately. The asking price is $3,150,000.