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5412 S Miami Blvd 6,534 SF Retail Building Durham, NC 27703 $3,699,826 CAD ($566.24 CAD/SF) 6.20% Cap Rate
Investment Highlights
- Direct Research Triangle Park adjacency — positioned at the doorstep of one of the nation's largest research and employment hubs
- NNN lease through 2033 with 3% annual escalations — ~7 years remaining plus three 5-year renewal options
- E-commerce-resistant, essential-service use — needs-based automotive service
- Strong corridor visibility on S Miami Boulevard — ±18,500 VPD with proximity to I-40/I-540, RDU Airport, and the Imperial Center business park
- PE-backed tenant platform — Atlantic Tire operates within Goodturn Tire & Auto (~70 locations / ~35 brands), backed by Garnett Station Partners
- High-growth Durham life-sciences market — fueled by RTP, biotech expansion, and major employers (Duke, IQVIA, Biogen, Fidelity)
Executive Summary
A 6,534 SF facility on a 1.75-acre parcel, producing $164,346 in base rent effective July 17, 2026 ($25.15/SF). Priced at $2,650,742, reflecting a 6.20% CAP rate, the asset offers inflation-resistant income through 3% annual escalations and strong positioning near one of the nation’s premier research and employment hubs. The site’s generous land area and corridor visibility add long-term flexibility and value.
The property sits along S Miami Boulevard, a heavily traveled commercial corridor carrying approximately 18,500 vehicles per day, immediately adjacent to Research Triangle Park. The location draws significant daytime population and commuter traffic from one of the country’s largest concentrations of research and technology employment. Durham’s ongoing economic and population growth — fueled by RTP, life sciences expansion, and downtown redevelopment — continues to drive commercial demand along the corridor.
The property sits along S Miami Boulevard, a heavily traveled commercial corridor carrying approximately 18,500 vehicles per day, immediately adjacent to Research Triangle Park. The location draws significant daytime population and commuter traffic from one of the country’s largest concentrations of research and technology employment. Durham’s ongoing economic and population growth — fueled by RTP, life sciences expansion, and downtown redevelopment — continues to drive commercial demand along the corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,534 SF
Building Class
B
Year Built
2004
Price
$3,699,826 CAD
Price Per SF
$566.24 CAD
Cap Rate
6.20%
NOI
$229,389 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.75 AC
Zoning
CC - Commercial Center
Parking
47 Spaces (7.19 Spaces per 1,000 SF Leased)
Frontage
59’ on Miami Blvd
Amenities
- Bus Line
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 197521 | Improvements Assessment | $984,936 CAD |
| Land Assessment | $2,303,019 CAD | Total Assessment | $3,287,955 CAD |
Property Taxes
Parcel Number
197521
Land Assessment
$2,303,019 CAD
Improvements Assessment
$984,936 CAD
Total Assessment
$3,287,955 CAD
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5412 S Miami Blvd
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