Asking Price Contact for pricing
Sq. Footage
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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