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1105 W Main St - The Bartlett 5,985 SF Retail Condo Unit Offered at $2,800,000 in Durham, NC 27701
Investment Highlights
- Fully stabilized asset leased to proven food and beverage operators, providing passive income with minimal landlord responsibility.
- Solar panels on the parking canopies help power the building’s common areas, reducing operating costs and enhancing sustainability.
- Excellent foot traffic and visibility, located at the base of The Bartlett and steps from Brightleaf Square in the heart of downtown Durham.
- Brick, metal, and wood façade paired with contemporary finishes offers long-term durability and appeal with minimal capital needs.
Executive Summary
A modern, 100% fully leased NNN, 34-unit Main Street condominium with floor-to-ceiling glass windows offering panoramic city views. Inspired by the adjacent Brightleaf district, the building features a ground-level retail space for lease and incorporates materials like brick, metal, and wood. It also includes sustainable elements, such as solar panels on parking canopies that help power the building's common areas. The BARTLET provides a contemporary and environmentally conscious living and retail experience in Durham.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.32% |
| Sale Type | Investment |
| Cap Rate | 6.32% |
Description
Investor-Focused Infrastructure: Features include new HVAC systems, 3,000-gallon grease trap, upgraded venting, and utility infrastructure suitable for high-demand restaurant users.
Sale Notes
100% NNN-Leased: Fully stabilized asset leased to proven food and beverage operators, providing passive income with minimal landlord responsibility.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 100 | 5,985 SF | Retail | $2,800,000 ($467.84/SF) | $177,059 |
Unit 100
| Unit Size |
| 5,985 SF |
| Condo Use |
| Retail |
| Price |
| $2,800,000 ($467.84/SF) |
| NOI |
| $177,059 |
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Street
Map
Unit 100
| Unit Size | 5,985 SF |
| Condo Use | Retail |
| Price | $2,800,000 ($467.84/SF) |
| NOI | $177,059 |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| Description | |
| Investor-Focused Infrastructure: Features include new HVAC systems, 3,000-gallon grease trap, upgraded venting, and utility infrastructure suitable for high-demand restaurant users.</li></ul> | |
| Sale Notes | |
| 100% NNN-Leased: Fully stabilized asset leased to proven food and beverage operators, providing passive income with minimal landlord responsibility.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 64,400 SF | Floors | 7 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 5,910 SF |
| Property Subtype | Apartment | Year Built | 2019 |
| Building Class | A | ||
| Zoning | DD-S1 - Downtown Design, Support 1 | ||
| Total Building Size | 64,400 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 7 |
| Typical Floor Size | 5,910 SF |
| Year Built | 2019 |
| Zoning | DD-S1 - Downtown Design, Support 1 |
Amenities
Site Amenities
- Tenant Controlled HVAC
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | 900 |
| 2+2 | 17 | - | 2,200 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1105 W Main St - The Bartlett
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