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Willowdaile 3823 Guess Rd 93,217 SF 80% Leased Retail Building Durham, NC 27705 For Sale

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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

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

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Body Games
  • Services
  • -
  • -
  • Triple Net
  • -
  • Bricks and Minifigs
  • Retailer
  • -
  • -
  • Triple Net
  • -
  • Finance and Insurance
  • -
  • -
  • -
  • -

Edward Jones began in 1922 when Edward D. Jones Sr. established the company in Missouri. The firm pioneered the branch office brokerage model in the United States. Today, it operates as a financial services company providing investment solutions for individual investors. Their business model focuses on personalized financial advice through local branches. Edward Jones serves clients across North America with various financial products and guidance services.

  • Services
  • -
  • -
  • Triple Net
  • -

Our motto is E.G.O. which means “Experience a Gentleman’s Oasis,” because in a world that can be stressful to say the least every man should have an oasis where he can escape the rigors of life and enjoy the camaraderie of colleagues and friends in an atmosphere that is both manly and therapeutic. We stand on a tall legacy of barbershops that have been pillars in the community by teaching young men how to shake a man’s hand, providing a place for men to network, and being a place to celebrate the milestones of life such as graduation, marriage, and promotion. We gladly take part in this legacy.

  • Educational Services
  • -
  • -
  • -
  • Nov 2014

Encore Academy of Dance has built a reputation for excellence in dance education. Our students have become some of the finest young dancers in the country, going on to train at such programs as the University of the North Carolina School of the Arts, Virginia School of the Arts, Atlanta Ballet, North Carolina Dance Theatre and the American Dance Festival. Our instructors have trained and performed with some of the most prestigious dance programs available, including the University of the North Carolina School of the Arts, Pennsylvania Ballet, Pacific Northwest Ballet, the Hungarian National Ballet, the American Dance Festival, New York’s Steps and Broadway Dance Center.

  • Retailer
  • -
  • -
  • -
  • Apr 2021

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

H&R Block began in 1955 when brothers Henry and Richard Bloch started a bookkeeping service in Kansas City, Missouri. They quickly pivoted to tax preparation after realizing the market need. The company pioneered the tax preparation industry and expanded through franchising in the 1950s. Over decades, it grew into a global provider of both in-person and digital tax services. Today, the company offers do-it-yourself tax software, assisted tax preparation, and financial products like refund advances. They also serve small businesses with bookkeeping and payroll services. H&R Block continues to adapt by integrating technology into their traditional tax services.

  • Italian Pizzeria Restaurant
  • Accommodation and Food Services
  • -
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • Triple Net
  • Aug 2036

Ollie’s is America’s largest retailer of closeout merchandise and excess inventory. Their “semi-lovely” stores sell merchandise of all descriptions and some beyond description. You’ll find real brands at real bargain prices in every department, from housewares to sporting goods to flooring and to food. Ollie’s buyers scour the world looking for closeouts, overstocks, package changes, manufacturer refurbished goods, and irregulars. Much of the merchandise comes direct from the finest manufacturers in the country and abroad. For example, if a manufacturer makes too much of an item, or changes their packaging, Ollie’s will buy the overstocked or old packaged items. So, you will always find famous brand name products at Ollie’s, but a lot of them could be last year’s colors, patterns, or packaging that traditional retailers won’t sell.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • Nov 2025

Thank you for visiting their website. They look forward to meeting you! They have three wonderful dentists and a contagiously friendly and knowledgeable staff. Their goal is to exceed your expectations both in quality and experience! Their purpose is to serve their patients with compassion, excellence and value. They understand that you have personal needs and concerns and look forward to addressing them with you. They are here to help you and yours enjoy a lifetime of complete dental health. New patients are welcome and they offer same day emergency dental service. They are here to serve our community, not only through the best dental care possible, but also by being of a caring, positive, and enjoyable place to visit. Come see why they have “Love all, serve all” on their wall!

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Body Games Services - - Triple Net -
Bricks and Minifigs Retailer - - Triple Net -
Finance and Insurance - - - -
Services - - Triple Net -
Educational Services - - - Nov 2014
Retailer - - - Apr 2021
Professional, Scientific, and Technical Services - - - -
Italian Pizzeria Restaurant Accommodation and Food Services - - - -
Retailer - - Triple Net Aug 2036
Health Care and Social Assistance - - - Nov 2025

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • E
  • 1,200 SF
  • Retail
  • In-Line
  • Now
  • G
  • 14,400 SF
  • Retail
  • -
  • Now
  • H&I
  • 1,920 SF
  • Retail
  • In-Line
  • Now
  • N
  • 2,800 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
E 1,200 SF Retail In-Line Now
G 14,400 SF Retail - Now
H&I 1,920 SF Retail In-Line Now
N 2,800 SF Retail - Now

E

Size
1,200 SF
Space Use
Retail
Position
In-Line
Available
Now

G

Size
14,400 SF
Space Use
Retail
Position
-
Available
Now

H&I

Size
1,920 SF
Space Use
Retail
Position
In-Line
Available
Now

N

Size
2,800 SF
Space Use
Retail
Position
-
Available
Now

Nearby Major Retailers

Starbucks
Harris Teeter

Property Taxes

Property Taxes

Parcel Number
173349
Land Assessment
$3,240,748
Improvements Assessment
$6,305,042
Total Assessment
$9,545,790
  • Listing ID: 37444450

  • Date on Market: 8/27/2025

  • Last Updated:

  • Address: 3823 Guess Rd, Durham, NC 27705

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