2115 N

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2115 N

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

What's Special

Located at 2115 N in Durham, North Carolina, this retail property sits within a high-visibility corridor characterized by a mix of established residential neighborhoods and commercial activity. The site offers convenient access to major thoroughfares, including Business 15-501 and Interstate 85, facilitating transit across the Research Triangle. Local amenities include proximity to the Duke University complex, Northgate Park, and various regional shopping centers. The surrounding area features consistent pedestrian and vehicular traffic, supported by nearby public transportation stops. The property is suited for retail operators seeking a strategic footprint in a growing submarket. Ideal use cases include neighborhood-scale services, boutique showrooms, or specialty food and beverage concepts. The asset is well-positioned for tenants such as regional retailers, professional service providers, or health and wellness practitioners. Given the demographic profile of the surrounding neighborhood, the space supports occupants looking to serve a diverse local customer base with a focus on convenience and accessibility.

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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