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901 E Trinity Ave 2,640 sq ft Retail Property Durham, NC 27701 £616,727 (£233.61/sq ft) 7.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Tenant paying $5,500/month on a 5-year NN lease.
- Prime high-traffic location with excellent visibility and access.
EXECUTIVE SUMMARY
Exceptional investment opportunity in Durham’s thriving market. This property is secured with a tenant paying $5,500/month on a 5-year Double Net (NN) lease, delivering a 7.5% cap rate with no landlord responsibilities beyond structure. Automotive and light industrial spaces remain in high demand, and the scarcity of body shop-ready properties in Durham makes this asset highly attractive. Its prime location in a high-traffic corridor ensures excellent visibility, strong tenant demand, and long-term appreciation potential.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Property Size
2,640 sq ft
Costar Property Class
C
Year Built
1980
Price
£616,727
Price per sq ft
£233.61
Yield
7.50%
NOI
£46,255
Tenancy
Single
Number of Floors
1
Plot ratio
0.26
Total Plot Size
0.23 ac
Use Class
LI - Light Industrial
Parking
8 Spaces (3.03 Spaces per 1,000 sq ft Leased)
Frontage
57 ft on Trinity Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 109698 | Improvements Assessment | £90,122 |
| Land Assessment | £43,246 | Total Assessment | £133,368 |
PROPERTY TAXES
Parcel Number
109698
Land Assessment
£43,246
Improvements Assessment
£90,122
Total Assessment
£133,368
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901 E Trinity Ave
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