Veterans Affairs Govt. Lease - NEW EXTENSION 1824 Hillandale Rd 9,500 SF Office Building Durham, NC 27705 $3,484,986 CAD ($366.84 CAD/SF) 7% Cap Rate

? Strategically Located in Durham, NC, at the signalized intersection of Hillandale Road and Bertland Avenue, with visibility to approximately 127,000 vehicles per day.
? Ideally Situated in Durham, NC, just off Hillandale Road with easy access to Interstate 85 and close proximity to major VA and Duke-affiliated medical campuses.
? 9,388 SF Single-Story Medical Office Building on a 1.00-acre parcel, designed for high-efficiency outpatient operations and government medical use.
? 100% Leased to the U.S. Department of Veterans Affairs since 2003, operating continuously as an outpatient clinic for over 20 years.
? Current Lease Term Ends March 2026; Two-Year Renewal Under Negotiation with the U.S. Government (AA+ S&P credit), providing a path toward stabilized cash flow and continued occupancy.
? Located within Durham’s expanding medical corridor, minutes from Duke University Hospital, the Durham VA Medical Center, and Duke Regional Hospital.
? Dedicated Surface Parking with 33 spaces (3.52/1,000 SF), supporting steady daily patient volume and staff access.
? Professionally Maintained Asset, featuring durable brick construction, recent HVAC system upgrades, and new interior improvements including ADA accessibility enhancements.
? Zoned OI (Office & Institutional), supporting continued medical office use and alignment with healthcare-driven neighborhood development.