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Harris Teeter Corporate • Durham, NC
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Corporate Guaranty with Harris Teeter, Inc!
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New construction - store opened on 1-17-2009!
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Relocation of existing in-line store to larger freestanding footprint!
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Store sales at previous store in excess of $530 psf!
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15 Years remain on NNN ground lease!
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Site is 3.5 miles North of Duke University!
Location:
3823 Guess Road
Durham, NC 27705
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Investment Highlights: |
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Price: |
$4,000,000 |
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Cap Rate: |
7.00% |
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Annual Rent: |
$280,000 |
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Rent psf: |
$5.83 sf |
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Rent Increases: |
None |
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GLA: |
48,000 sf |
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Land Area: |
6.11 acres |
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Lease Commencement: |
10-4-2004 |
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Lease Expiration: |
10-4-2024 |
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Lease Type: |
NNN Ground Lease |
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Landlord Responsibilities: |
None |
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Options: |
Six 5-Year |
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Lease Guaranty: |
Harris Teeter, Inc. |
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Store Built: |
2009 |
Store Photo (not actual store):
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