4835 Hope Valley RdDurham, NC 27707

Property Details for 4835 Hope Valley Rd

Year built

1982

Lot size

0.61 AC

Property size (Sq ft)

2,400 SF

Zone code

CN

Property type

Grocery and convenience stores

APN

135708

APU

135708

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,400 square foot TD Bank located in Durham, NC. The property sits on a 0.62-acre corner lot at a highly visible, lighted intersection of Hwy 54 (17K VPD) and Hwy 751 (19K VPD), offering excellent ingress and egress. The building, constructed in 2024, is a state-of-the-art prototype for TD Bank, a Fortune 500 company with an AA- S&P rating. The absolute NNN ground lease boasts a 10-year term commencing April 1, 2025, and includes four five-year renewal options with a 10% rent increase every five years. The current Net Operating Income (NOI) is $209,500, yielding a 5.25% cap rate. This investment benefits from the robust growth of the Triangle region, including a 5.6% population increase since 2020, and its proximity to Research Triangle Park (RTP), the nation's largest research park. The property is also situated within a thriving retail node with over 621,000 square feet of retail space within a one-mile radius and a 0.3% vacancy rate. Nearby retailers include Harris Teeter, Taco Bell, Fifth Third Bank, and Advance Auto Parts. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a creditworthy tenant in a prime location. The asking price is $3,990,000.

• CAP approach

  CAP return

  Valuation

  6%

  $729,434

  6.5%

  $673,323

  7%

  $625,229

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,388,258

  Geo Method

  $1,388,258

• Alternative Use

  Use

  Valuation

  Residential

  $567,973

  Hospitality

  $520,261

  Educational

  $432,851

  Medical

  $447,737

  Retail

  $673,323

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

35.9193

Longitude

-78.9604

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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