TD Bank - Raleigh-Durham, NC | 4835 Hope Valley Rd
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TD Bank - Raleigh-Durham, NC 4835 Hope Valley Rd
2,400 SF Retail Building Durham, NC 27707 $3,990,000 ($1,663/SF) 5.25% Cap Rate
Investment Highlights
- NEW CONSTRUCTION BANK IN PROMINENT RETAIL NODE
- HIGH GROWTH TRIANGLE NC
- ATTRACTIVE LEASE FUNDAMENTALS
Executive Summary
ATTRACTIVE LEASE FUNDAMENTALS
- 10% rent increase every 5 years and during options periods
- Absolute NNN Ground lease providing no Landlord Responsibilities
- Four (4) - Five (5) year option periods
HIGHLY ACCESSIBLE LOCATION
- Located on a corner lot of at the lighted intersection on Hwy 54 (17K VPD) & Hwy 751 (19K VPD) with ingress and egress on both streets
- Less than 1-mile to two I-40 Exits
- Across the street from Harris Teeter anchored Hope Valley Commons
HIGH GROWTH TRIANGLE NC
- The Triangle (Raleigh, Durham, and Chapel Hill) is the 10th fastest growing region in the US since 2020
- 5.6% population growth Since 2020
- Over 2.1M people live in the NC Triangle
INVESTMENT GRADE TENANT
- TD Bank ranked #64 on Fortune 500 list
- Over $324B held in deposits
- Over $36.1B in Revenue
- S&P Rating: AA-
DOORSTEP OF RESEARCH TRIANGLE PARK
- The Subject site is less than 10 miles (~10 minute drive time) to RTP
- The Research Triangle Park (RTP) is the largest research park in the nation, spanning over 7K acres
- Over 250 business are stationed there, which includes Bayer, IBM, Cisco
NEW CONSTRUCTION BANK IN PROMINENT RETAIL NODE
- The Tenant is constructing the building with its newest and state-of-the-art prototype
- Over 621K SF of retail space is located within a 1-mile radius boasting a 0.3% vacancy rate
- Nearby retailers include Harris Teeter, Taco Bell, Fifth Third Bank, & Advance Auto Parts
- 10% rent increase every 5 years and during options periods
- Absolute NNN Ground lease providing no Landlord Responsibilities
- Four (4) - Five (5) year option periods
HIGHLY ACCESSIBLE LOCATION
- Located on a corner lot of at the lighted intersection on Hwy 54 (17K VPD) & Hwy 751 (19K VPD) with ingress and egress on both streets
- Less than 1-mile to two I-40 Exits
- Across the street from Harris Teeter anchored Hope Valley Commons
HIGH GROWTH TRIANGLE NC
- The Triangle (Raleigh, Durham, and Chapel Hill) is the 10th fastest growing region in the US since 2020
- 5.6% population growth Since 2020
- Over 2.1M people live in the NC Triangle
INVESTMENT GRADE TENANT
- TD Bank ranked #64 on Fortune 500 list
- Over $324B held in deposits
- Over $36.1B in Revenue
- S&P Rating: AA-
DOORSTEP OF RESEARCH TRIANGLE PARK
- The Subject site is less than 10 miles (~10 minute drive time) to RTP
- The Research Triangle Park (RTP) is the largest research park in the nation, spanning over 7K acres
- Over 250 business are stationed there, which includes Bayer, IBM, Cisco
NEW CONSTRUCTION BANK IN PROMINENT RETAIL NODE
- The Tenant is constructing the building with its newest and state-of-the-art prototype
- Over 621K SF of retail space is located within a 1-mile radius boasting a 0.3% vacancy rate
- Nearby retailers include Harris Teeter, Taco Bell, Fifth Third Bank, & Advance Auto Parts
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
B
Year Built
2024
Price
$3,990,000
Price Per SF
$1,663
Cap Rate
5.25%
NOI
$209,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.62 AC
Zoning
NC
Parking
11 Spaces (4.58 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 135708 | Improvements Assessment | $234,478 |
| Land Assessment | $660,881 | Total Assessment | $895,359 |
PROPERTY TAXES
Parcel Number
135708
Land Assessment
$660,881
Improvements Assessment
$234,478
Total Assessment
$895,359
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TD Bank - Raleigh-Durham, NC | 4835 Hope Valley Rd
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