Destination retail, corporately guaranteed AT&T store in North Carolina’s medical and innovation capital Durham, North Carolina | Raleigh-Durham MSA
The AT&T at Patterson Place is an incredible investment opportunity featuring a recently extended, corporately-guaranteed, and investment-grade credit lease (NYSE: T, Moody’s Baa2, S&P: BBB). Additional investment attributes include its location in one of the most-educated and fastest growing job markets in the Southeast - Durham, North Carolina. Home to world-renowned Duke University and Duke Health Care, Durham and its surrounding area represent wellestablished demographics specifically with more than 67% of the population, within a five-mile radius of the Subject Property, earned a Bachelors degree or higher. UNC Chapel-Hill and UNC Health Care also has a strong presence in the market. On the other side of Durham-Chapel Hill Boulevard and I-40, UNC Health Care is constructing a 150,000 s.f. office building. This development is part of a larger, 48-acre master development targeted to expand UNC Health Care’s services deeper into the Raleigh-Durham market. UNC Health Care is in discussion with the Town of Chapel Hill to approve up to three million square feet of development.