4835 Hope Vly Rd, Durham, NC 27707-5619

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,400 square foot TD Bank located in Durham, NC. The property sits on a 0.62-acre corner lot at a highly visible, lighted intersection of Hwy 54 (17K VPD) and Hwy 751 (19K VPD), offering excellent ingress and egress. The building, constructed in 2024, is a state-of-the-art prototype for TD Bank, a Fortune 500 company with an AA- S&P rating. The absolute NNN ground lease boasts a 10-year term commencing April 1, 2025, and includes four five-year renewal options with a 10% rent increase every five years. The current Net Operating Income (NOI) is $209,500, yielding a 5.25% cap rate. This investment benefits from the robust growth of the Triangle region, including a 5.6% population increase since 2020, and its proximity to Research Triangle Park (RTP), the nation's largest research park. The property is also situated within a thriving retail node with over 621,000 square feet of retail space within a one-mile radius and a 0.3% vacancy rate. Nearby retailers include Harris Teeter, Taco Bell, Fifth Third Bank, and Advance Auto Parts. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a creditworthy tenant in a prime location. The asking price is $3,990,000.