2115 N

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2115 N

Durham, NC 27713
Asking Price
$3.78M
Asset Type
Retail
Class
Class B

What's Special

2115 North Duke Street is situated in a high-traffic corridor north of downtown Durham. The property is positioned within a dense commercial pocket characterized by established neighborhood shopping centers and national retailers. It offers immediate access to major transit routes, including US-501 and Interstate 85, facilitating ease of travel for both local residents and regional commuters. The surrounding area features a mix of residential housing and essential services, providing a consistent base of nearby foot traffic and vehicular visibility. The asset is suitable for a wide range of retail use cases, including specialty boutiques, service-oriented businesses, or quick-service food and beverage concepts. A typical tenant profile would include neighborhood-scale retailers seeking to leverage the area's established commercial infrastructure and demographic reach. The flexible layout offers opportunities for businesses that require high visibility and convenient accessibility within the North Durham submarket.

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NOI
$80,000
Cap Rate
2.12%
DSCR
0.36
Underwater
Cash-on-Cash
-12.73%
Monthly Payment
$18,681.588
Annual Cash Flow
$-144,179.053

Location & Travel Times