Log In/Sign Up
Your email has been sent.
2115 E NC Highway 54
Durham, NC 27713
Chipotle | Abs NNN · Retail Property For Sale
Investment Highlights
- Brand New 16-Year Lease | Options To Extend | Scheduled Rental Increases | Drive-Thru Equipped
- I-40 (173,000 VPD) | Retail Corridor |Strong National/Credit Tenant Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The tenant recently signed a brand new 16-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, steadily growing NOI and hedging against inflation
• The property is scheduled to open December 2025
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, steadily growing NOI and hedging against inflation
• The property is scheduled to open December 2025
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,763 SF
Building Class
B
Year Built/Renovated
1991/2025
Price
$5,293,305 CAD
Price Per SF
$1,915.78 CAD
Cap Rate
4.75%
NOI
$251,415 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.77 AC
Zoning
Commercial
Parking
37 Spaces (13.39 Spaces per 1,000 SF Leased)
Frontage
36’ on Nc-54 Hwy
Amenities
- Dedicated Turn Lane
- Drive Thru
- Monument Signage
Property Taxes
| Parcel Number | 154187 | Improvements Assessment | $812,262 CAD |
| Land Assessment | $1,381,288 CAD | Total Assessment | $2,193,550 CAD |
Property Taxes
Parcel Number
154187
Land Assessment
$1,381,288 CAD
Improvements Assessment
$812,262 CAD
Total Assessment
$2,193,550 CAD
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
