Andrew Margulies (Lead)
Senior Managing Director | Investments
Andrew.Margulies@marcusmillichap.com
NC: 264059, IL: 475147606
Harrison Creason
Senior Director | Investments
Harrison.Creason@marcusmillichap.com
SC: 91161, NC: LC1015
The Village Shopping Center
Durham, NC
- List Price Market to Set
- Total GLA 212,996 SF
- Year Built
Investment Highlights
- Grocery Anchored Retail | Infill Position | WALT: 4.8 Years | 4+% CAGR
- Mark-to-Market Leasing Potential: 43-Percent of the leased square footage has no renewal options
- 57-Percent of Gross Income from National/Regional Brands: Family Dollar, Aaron’s Rents, DaVita Dialysis, CitiTrends, Maxway, US Post Office
- Within Two (2) Miles of Downtown Durham with +/- $2.65 Billion in Recent Capital Investments
- Four (4) Buildings | Two (2) Parcels Totaling +/- 20 Acres
- Strong Grocery Sales + Recent 10-Year Lease Extension with Tropicana Supermarket
- Recent Leasing Momentum: New 10-Year Lease with Fishing Point Healthcare
- High Density Position: Nearly 83,000 Population within 3-mile radius
- Long-Term Value: Nearly 20-Acres between I-885 interchange (0.5 Miles) and Downtown Durham (2-Miles)