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Views: 77 DOM: 216 Updated: 05.05.24 Posted: 10.14.23 Status: Active

Summary

Price $9,308,514
Built/Renov 1996
Tenant Beacon Roofing Supply
Cap Rate 5.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 39,687
Lease Start 10-04-2022
#Units 490
Price/SF $234.55
Expiration 10-31-2032
Tenant Type Industrial
NOI $511,968
R. Term 8.5
Ownership Fee Simple
Rent/SF $12.90
Increases 3.5%/1/yrs
Pop 5Mi 178,455
Lot/AC 5.04
Options 1/5yrs
AHHI 5Mi $106,128

Lease Highlights

  • Beacon Roofing Supply recently signed a brand new 10 year lease with 1 (5-year) option to extend
  • Lease features 3.5% annual rental increase throughout the initial term and FMV rental increase during the option
  • Ranked #449 on the Fortune 500, Beacon Roofing garnered over $8B in revenue in 2022
  • Corporate guarantee by Beacon Roofing Supply (NASDAQ: BECN)

Location Description

Beacon Roofing is situated on United Drive, just east of Fayetteville Road, with a daily traffic count of 19,500 vehicles. The subject property’s strategic location is within five miles of downtown Durham and three miles of Interstate 40 makes it ideal for last mile delivery or product distribution throughout the Raleigh-Durham region. Furthermore, Beacon Roofing Supply is surrounded by a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Beacon is the largest publicly traded distributor of roofing materials and complementary building products in the United States and Canada. The company is among the oldest and most established...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,694 71,728 185,802
2023 Total Population : 10,320 70,440 178,672
2023 Employed Civilian Pop : 5,384 37,841 92,640
2023 Total Businesses : 191 2,303 7,674
2023 Average Household Income : $ 98,106 $ 102,732 $ 106,219
2023 Total Consumer Spending : $ 362 M $ 2691 M $ 6914 M
2023 Median Age : 34 35 34
2023 Total Households : 4,240 30,259 74,979
2023 Pop Age 25+: Bachelor's Degree : 1,902 14,197 31,658
2023 Average Home Value : $ 278,423 $ 341,616 $ 376,441
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Fayetteville Rd Turmeric Ln 2013 19,000 0.15 mi
Barbee Road Beebe Dr 2019 7,000 0.19 mi
Martin Luther King Jr Pkwy Industry Ln 2013 15,000 0.20 mi
Martin Luther King Jr Parkway 2019 18,500 0.22 mi
Martin Luther King Jr Parkway Fayetteville Rd 2019 19,500 0.27 mi
Fayetteville Rd Mlk Jr Pkwy 2013 13,370 0.33 mi
Martin Luther King Jr Parkway Nc 55 2021 18,000 0.36 mi
2013 3,280 0.46 mi
Stratford Lakes Dr Mlk Jr Pkwy 2014 2,160 0.50 mi
Martin Luther King Jr Pkwy Yorktown Ave 2013 12,890 0.51 mi

Listing Broker

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