Asking Price Contact for pricing
Sq. Footage 5,200
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2010

Property Description

Destination retail, corporately guaranteed AT&T store in North Carolina’s medical and innovation capital Durham, North Carolina | Raleigh-Durham MSA

Investment Highlights

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.
Ryan Eklund
Ryan Eklund
Director
Licensed in
NC - 286222 SC - 115530

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