Roxboro Medical Park - 27,918 SF 3901 N Roxboro Rd Bureau 2 594 m² 89 % Loué À vendre Durham, NC 27704

Roxboro Medical Park provides the opportunity to acquire a DaVita anchored multi-tenant medtail property in the heart of North Carolina’s Research Triangle. The property is meticulously maintained, positioned adjacent to Duke Regional Hospital, and benefits from recent leasing velocity, all creating a value-add opportunity.
Jennifer Stein Real Estate, Inc. exclusively represents ownership of the Roxboro Medical Park (“the property”) in the sale of their DaVita anchored medtail property. The property is strategically located in the affluent city of Durham, in the heart of the Research Triangle region of North Carolina. As part of the Raleigh-Durham-Cary Combined Statistical Area, the market boasts a CSA population in excess of 2.3M residents and has significant tail winds.
The multi-tenant asset consists of approximately 27,918 square feet and is anchored by DaVita Inc., who accounts for nearly 60% of the property’s net operating income. DaVita invested over $2M to build out their space and secured a coveted Certificate of Need for its use, creating captive tenancy and making relocation highly unlikely. The property further benefits from a recently executed lease to a national provider of Applied Behavior Analysis (ABA) therapy for children and young adults, demonstrating the asset’s appeal to leading healthcare providers.
Roxboro Medical Park is located along N Roxboro Street, one of Durham’s primary north-south corridors, in immediate proximity to countless national retailers, including Walgreens, Lowe’s Home Improvement, and Chick-fil-A. The recent leasing activity is supported by the property’s strategic positioning just ¼ mile from the 388-bed Duke Regional Hospital. The high visibility retail location, combined with heavy medical traffic, position a new owner to lease the remaining 10% vacancy, fully stabilizing the asset and boosting NOI.
Upon closing of the transaction, the selected purchaser will assume the three existing leases which feature a weighted average lease term of 4 years, fixed rental increases averaging 2.63% annually, and a current NOI of $448,839, which is projected to reach $530,490 upon full lease-up and stabilization in 2026.