New 15-Year Lease with 2.00% Annual Increases
– The tenant will sign a new 15-year lease at the close of escrow.
– The lease has no landlord responsibilities and offers 2.00% annual increases throughout the base term.
Located Inside the Research Triangle Region
– One of the nation’s premier research and technology clusters, anchored by Research Triangle Park and a deep concentration of biotech, pharma, technology, and R&D employers.
– Supported by Duke University, UNC Chapel Hill, and NC State University, providing a continuous supply of highly educated labor and long term economic durability.
– Strong presence of healthcare, life sciences, technology, finance, and advanced manufacturing employers reduces single industry risk and stabilizes demand.
– Consistent in migration fueled by job creation, business expansion, and quality of life advantages relative to higher cost coastal markets.
Premier Hard-Corner Location | Harris Teeter + Sprouts Adjacent
– The subject property sits at the hard corner of Fayetteville Road and NC Highway 54, with traffic counts of approximately 50,000+ cars per day.
– The site serves as a gateway to The Streets at Southpoint, one of the region’s dominant regional malls with 320,000+ square foot of retail and shopping with 170+ stores, restaurants, and entertainment.
AFC Urgent Care – Premier Urgent Care Brand
– AFC Urgent Care (“AFC”) is one of the largest and most established urgent care brands in the United States.
– Founded over 40 years ago, AFC pioneered the walk in urgent care model and has grown into a nationally recognized healthcare platform serving millions of patients annually.
Over $88,000,000 Spent on Healthcare in a 5-Mile Radius
– Healthcare spending within a 5 mile radius exceeds $88,000,000 annually, indicating a deep, durable patient base supporting urgent care, primary care, and ancillary medical users.
– This spending profile underpins long term occupancy, supports premium rents, and attracts credit healthcare operators—driving both income stability and exit liquidity.
