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3823 Guess Rd
Durham, NC 27705
Willowdaile · Retail Property For Sale
EXECUTIVE SUMMARY
Willowdaile Shopping Center is a 93,048 square foot neighborhood shopping center that is currently 80% occupied and anchored by Ollie's Discount Outlet. Tenancy in the center includes other national tenants such as Starbucks, H&R Block, State Farm, and Family Dollar. Ollies and Starbucks both rank in the top 10% of store performance based on data from Placer.ai, indicating strong demand for the center and putting a new owner in a strong position to increase rents and grow NOI.
This property is a true value-add opportunity, providing an investor the ability to improve performance in multiple
categories:
Improve occupancy from the current 80% to the market average of 96%.
Mark to market in-place rents of $13.68 per square foot to the market average of $17 per square foot for older centers.
Potential to renovate and elevate the property to full market value rates in the upper $20s per square foot.
Target returns of mid teens cash-on-cash and IRR in the mid 20% range
Call for offers: Monday, October 13, 2025
This property is a true value-add opportunity, providing an investor the ability to improve performance in multiple
categories:
Improve occupancy from the current 80% to the market average of 96%.
Mark to market in-place rents of $13.68 per square foot to the market average of $17 per square foot for older centers.
Potential to renovate and elevate the property to full market value rates in the upper $20s per square foot.
Target returns of mid teens cash-on-cash and IRR in the mid 20% range
Call for offers: Monday, October 13, 2025
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
93,217 SF
Building Class
B
Year Built
1986
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.24
Lot Size
8.88 AC
Zoning
CC - Commercial
Parking
272 Spaces (2.92 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 173349 | Improvements Assessment | $6,305,042 |
| Land Assessment | $3,240,748 | Total Assessment | $9,545,790 |
PROPERTY TAXES
Parcel Number
173349
Land Assessment
$3,240,748
Improvements Assessment
$6,305,042
Total Assessment
$9,545,790
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