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4835 Hope Valley RdDurham, NC 27707
TD Bank | Raleigh-Durham, NC
Asset ClassRetail
Cap Rate5.25%
Ground Leased | Corporate Guarantee | Strong Credit Tenant |
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a TD Bank Ground Lease in Durham, NC. The Premises has a 10 year ground lease to TD Bank with no landlord responsibilities, which has an estimated commencement date of 4/1/2025. The Asset is well positioned in a dominant community retail node of Durham and fronts two major road thoroughfares (36,000 VPD Combined).

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Investment Highlights

ATTRACTIVE LEASE FUNDAMENTALS

  • 10% rent increase every 5 years and during options periods
  • Absolute NNN Ground lease providing no Landlord Responsibilities
  • Four (4) - Five (5) year option periods

HIGHLY ACCESSIBLE LOCATION

  • Located on a corner lot of at the lighted intersection on Hwy 54 (17K VPD) & Hwy 751 (19K VPD) with ingress and egress on both streets
  • Less than 1-mile to two I-40 Exits
  • Across the street from Harris Teeter anchored Hope Valley Commons

HIGH GROWTH TRIANGLE NC

  • The Triangle (Raleigh, Durham, and Chapel Hill) is the 10th fastest growing region in the US since 2020
  • 5.6% population growth Since 2020
  • Over 2.1M people live in the NC Triangle

INVESTMENT GRADE TENANT

  • TD Bank ranked #64 on Fortune 500 list
  • Over $324B held in deposits
  • Over $36.1B in Revenue
  • S&P Rating: AA-

DOORSTEP OF RESEARCH TRIANGLE PARK

  • The Subject site is less than 10 miles (~10 minute drive time) to RTP
  • The Research Triangle Park (RTP) is the largest research park in the nation, spanning over 7K acres
  • Over 250 business are stationed there, which includes Bayer, IBM, Cisco

NEW CONSTRUCTION BANK IN PROMINENT RETAIL NODE

  • The Tenant is constructing the building with its newest and state-of-the-art prototype
  • Over 621K SF of retail space is located within a 1-mile radius boasting a 0.3% vacancy rate
  • Nearby retailers include Harris Teeter, Taco Bell, Fifth Third Bank, & Advance Auto Parts
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4835 Hope Valley RdDurham, NC 27707

Sales Team

Sam YoungExecutive Vice President, Capital Markets(980) 498-3292syoung@atlanticretail.com
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Listing provided by Revere CRE