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Red Robin 5324 Durham Chapel Hill Blvd 6,400 SF Retail Building Durham, NC 27707 $2,610,983 ($407.97/SF) 6% Cap Rate
Investment Highlights
- Recent Lease Extension Through 2031 – Red Robin has operated at the Property since 2006 and recently extended its lease through September 2031
- Located in the Heart of the Research Triangle – Strategically positioned between Duke University and UNC-Chapel Hill
- Premier Durham-Chapel Hill Retail Corridor – Prominent location directly across from New Hope Commons and Patterson Place, surrounded strong retailers
- Affluent Demographics & Built-In Rent Growth – Average household incomes exceed $155,000 within three miles
Executive Summary
Acquire a corporate-leased Red Robin in Durham's premier retail corridor. Located in the heart of the Research Triangle, the Property benefits from affluent demographics, strong retail co-tenancy, and contractual rent growth, providing stable cash flow and long-term upside.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,400 SF
Building Class
B
Year Built
2007
Price
$2,610,983
Price Per SF
$407.97
Cap Rate
6%
NOI
$156,659
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.54 AC
Zoning
CSD-S1 - Community Services District
Parking
120 Spaces (18.75 Spaces per 1,000 SF Leased)
Frontage
107’ on Durham Chapel Hill Blvd
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Red Robin
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Red Robin | Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 205536 | Improvements Assessment | $0 |
| Land Assessment | $3,542,000 | Total Assessment | $3,542,000 |
Property Taxes
Parcel Number
205536
Land Assessment
$3,542,000
Improvements Assessment
$0
Total Assessment
$3,542,000
Contacts
-
Joe Graham -
Arthur Flores -
Jay Gomez -
James Kaye -
Kyle Kaye -
Cindy Guzman -
CBRE, Inc.
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