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901 E Trinity Ave 2,640 SF Retail Building Durham, NC 27701 $1,017,750 CAD ($385.51 CAD/SF) 8.20% Cap Rate
Investment Highlights
- Tenant paying $5,500/month on a 5-year NN lease.
- Prime high-traffic location with excellent visibility and access.
Executive Summary
Exceptional investment opportunity in Durham’s thriving market. This property is secured with a tenant paying $5,500/month on a 5-year Double Net (NN) lease, delivering a 7.5% cap rate with no landlord responsibilities beyond structure. Automotive and light industrial spaces remain in high demand, and the scarcity of body shop-ready properties in Durham makes this asset highly attractive. Its prime location in a high-traffic corridor ensures excellent visibility, strong tenant demand, and long-term appreciation potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,640 SF
Building Class
C
Year Built
1980
Price
$1,017,750 CAD
Price Per SF
$385.51 CAD
Cap Rate
8.20%
NOI
$83,455 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.23 AC
Zoning
LI - Light Industrial
Parking
8 Spaces (3.03 Spaces per 1,000 SF Leased)
Frontage
57’ on Trinity Ave
Nearby Major Retailers
Property Taxes
| Parcel Number | 109698 | Improvements Assessment | $162,604 CAD |
| Land Assessment | $78,027 CAD | Total Assessment | $240,631 CAD |
Property Taxes
Parcel Number
109698
Land Assessment
$78,027 CAD
Improvements Assessment
$162,604 CAD
Total Assessment
$240,631 CAD
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901 E Trinity Ave
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