NNN Leased Investment Property Sale in Durham, NC 4/21/2016

Dan Smith and 919 Commercial represented Love Sales in the purchase of a NNN Leased Sherwin Williams store at 5008 N Roxboro St in Durham, NC.  The investment property has 9.5 years left on the lease and was purchased at a 6% cap rate.  I had been on the lookout for a good investment property with a long term lease to a credit tenant for about 2 years and we put this property under contract within 2 days of it being listed.  Sherwin Williams credit makes this an excellent investment and they average about 30 years at each location and this one was built in 2002.

Retail Investment Property