WILLOWDAILE SHOPPING CENTER
3823 Guess Rd
Durham, NC 27705
Highlights
- True Value add opportunity in a vibrant, growing North Carolina market
- Rents and occupancy under the current market
- Excellent access and visibility at the hard corner of Guess and Horton Roads.
- Potential outparcel development
Description
The subject property is improved with a 93,048 square foot neighborhood shopping center that is currently 75% occupied and anchored by Ollie's Discount Outlet. This property is well located in the North Durham market that is positioned for future growth. Though dated by it's current southwestern facade, this center is well located for the value add investor to come in and revitalize this to a standard that would be more keeping with the neighboring properties. Recent leases have been excecuted at below market levels and lease up of the current vacant space will allow for further upside.
This center is located at the major signalized intersection of Guess Road and Horton Road in north Durham. All 4 corners of this signalized intersection have presence from national, regional, and local retailers including Starbucks, Walgreens, Dollar Tree, Food Lion, and Harris Teeter.
The subject property has good full-movement access points along with both Horton and Guess roads which is located in the northern portion of the city of Durham, about three miles northeast of the central business district. The city of Durham is located in central Durham County.
