✖
Beacon Roofing Supply
526 United Drive, Durham, NC 27713
$10,064,620
Cap Rate 5.00%
Summary
| Price $10,064,620 | Built/Renov 1996 | Tenant Beacon Roofing Supply |
| Cap Rate 5.00% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
39,687
| Lease Start
10-04-2022
| #Units
490
|
| Price/SF $253.60 | Expiration
10-31-2032
| Tenant Type Industrial |
| NOI $503,231 | R. Term 8.10 | Ownership Fee Simple |
| Rent/SF
$12.68
| 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...
...Features
-
Build to suit
-
Near major nationals
-
Strategically located
-
Highway close
-
Top 100 MSA
-
Strong demographics
-
Brand new lease
-
Annual rent increases
-
Traded and rated company
-
Corporate Guarantee
...
Maps
Tenant
- Tenant: Beacon Roofing Supply
- Guarantor:Corp T and Rated
- Company:Beacon Roofing Supply
- # Units:490
- Tenant S&P: BB-
- Moody’s: Ba3
- Stock:NASDAQ: BECN
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...
...
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 |
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 |