6323 Fayetteville Rd
Durham, NC 27713
Walgreens · Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for a 13,650 square-foot Walgreens located in Durham, North Carolina. Walgreens signed an absolute net lease with over 12 years remaining on an original 25-year lease that includes (4) 5-year options. The Walgreens asset is located on the Northeast corner of Fayetteville and Highway 54. Retailers in the immediate vicinity include Kroger, McDonald' s, Ruby Tuesday, Mattress Firm, T-Mobile, The UPS Store, Wendy' s. The Walgreens is a short distance from: Buffalo Wild Wings, PF Chang' s, Pier 1 Imports, Nordstrom Rack, Starbucks, Vitamin Shoppe, Chili' s, Ruth' s Chris, Ulta Beauty, Best Buy, Babies R Us, Old Navy, Hilton Garden Inn, and more. The Walgreens is also .5 miles from The Streets at Southpoint Mall, that includes: Nordstrom, The Cheesecake Factory, AMC Theatres, Crate and Barrel, Urban Outfitters, Apple, California Pizza Kitchen, Microsoft, Banana Republic, J Crew, Forever 21, Chipotle, Panera Bread, Belk, Bath & Body Works, Sleep Number and many more. Durham, North Carolina is home to the world-renowned Research Triangle Park, an area with more than 170 high tech companies and a thriving entrepreneurial community. The research triangle includes Duke University, UNC Chapel Hill, and North Carolina State University in Raleigh. The area boasts the highest concentration of PhDs, and MDs in the world. The subject property is located less than 15 minutes from both Duke University and UNC Chapel Hill. There has been a positive population increase in Durham every year since 1917, with a projected future estimate into double-digit percentage.