FOR SALE 5504 Durham - Chapel Hill Blvd. I Durham, NC

5504 DURHAM CHAPEL HILL BLVD. SITE

PROPERTY SUMMARY HIGHWAY 15-501 AND I-40 I DURHAM, NORTH CAROLINA

Rare opportunity to acquire one of the most sought after corners of the Triangle. 4.54 acre in fill opportunity in a high barrier of entry location situated at the NE corner of US 15-501 and Interstate 40 amid a critical mass of retail and office. Ideal for mixed-use, re-development with a dense retail, multi-family, office and lodging components. Approved development plan with Mixed-Use Zoning.

CLAUDIA BORDEAUXVice President | Retail Services919 582 3103claudia.bordeaux@colliers.comCOLLIERS RDU702 Oberlin Road, Suite 400Raleigh, NC 27605www.colliers.com/rdu

DAN MCPHILLIPSExecutive Vice President | Retail Services919 582 3151dan.mcphillips@colliers.com

DUKE UNIVERSITY

DOWNTOWN DURHAM

UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL

DURHAM PERFORMING ART CENTER

STREETS AT SOUTHPOINT

CHAPEL HILL

DURHAM

RALEIGH

FOR SALE 5504 Durham - Chapel Hill Blvd. I Durham, NC

46,000 VPD

DURHAM - CHAPEL HILL BLVD.

88,000 VPD

60K SF BUILDING

PLANNEDMixed-Use

Development

A crucial part in the Durham Redevelopment Plan. High Profile Development Opportunity in Durham/Chapel Hill Trade Area. High Traffic Counts. Surrounded by dense retail developments full of national and local retailers, restaurants and attractions.

SITE

Address: 5504 Durham - Chapel Hill Blvd. Durham, NC 27707

PIN: 0800-03-01-8645 0800-03-11-0701 0800-03-01-5565County: Durham

Acreage: ±4.54 AcresZoning: Approved for Mixed UseIdeal Use: High Density Retail, Medical, OfficeAsking Price: Call Advisor

EXIT270

PROPERTY DETAILS KEY FEATURES

FOR SALE 5504 Durham - Chapel Hill Blvd. I Durham, NC

DURHAMSITE

RALEIGH

> Located on 15-501 & I-40 on exit 270

> Approximately 5 miles from Duke University

> Approximately 5.5 miles from The University of North Carolina at Chapel Hill

> Approximately 11.5 miles from Research Triangle Park (RTP)

> Approximately 16.5 miles from Raleigh International Airport

CHAPEL HILL

LOCATION SUMMARY

FOR SALE 5504 Durham - Chapel Hill Blvd. I Durham, NC

LOCATION MAP For an interactive tour of the surrounding area, click on the map below.

FOR SALE 5504 Durham - Chapel Hill Blvd. I Durham, NC

DURHAM FWY

RALEIGH

UNC Finley Golf Club

CAROLINA NORTH FOREST

JOHNSTON MILL NATURE

PRESERVE

DUKE UNIVERSITY GOLF CLUB

HOPE VALLEY COUNTY CLUB

SITE

HILLSBOROUGH

BRIER CREEK

DUKE FOREST

E

FRAN

KLIN

ST

DOWNTOWN DURHAM

DUKE PARK

CHAPEL HILL

AVERAGE HOME VALUE:

$546,348

AVERAGE HOME VALUE:

$622,417

AVERAGE HOME VALUE:

$316,746

AVERAGE HOME VALUE:

$286,257

RDU TRIANGLE AERIAL MAP

FOR SALE 5504 Durham - Chapel Hill Blvd. I Durham, NC

INTERSTATE 40

DURHAM / CHAPEL HILL BLVD SERVICE ROAD40' PUBLIC R/W

DURHAM / CHAPEL HILL BLVD - HWY 15 / 501260' PUBLIC R/W

NEW HOPE COMMONS DRIVE80' PUBLIC R/W

HO

FFLER

LAN

E50' P

UB

LIC R

/W

ASPHALT

Sheet Number

Sheet Title:

RevisionsDateCheckedDrawn

Project:

Job Number: 1420

111 West Main StreetDurham, N.C. 27701p 919.682.0368f 919.688.5646www.cjtpa.com

10-27-2014

DEVELOPMENT PLAN

JSA, DAJJSA, MTC

StrawValley

04-14-2015 - 1st review10-14-2015 - 2nd review11-11-2015 - 3rd review11-25-2015 - Stamping

SITE AREAAREA OF REZONING: 4.53 ACRES

ZONINGEXISTING ZONING: O&I AND CNOVERLAY: MTC (I-40)

ENVIRONMENTAL PROTECTIONRIVER BASIN: CAPE FEAR RIVER BASIN50' STREAM BUFFER: N/A

IMPERVIOUS SURFACEEXISTING FOR REZONING AREA: 82,049 SF (1.88 ACRES) = 41.7%

STREAM BUFFERS THERE ARE NO STREAM BUFFERS ON THE PROJECT SITE

FLOODWAY FRINGE PROTECTIONTHE SITE IS NOT AFFECTED BY A MAPPED FLOODPLAIN ACCORDING TOFIRM MAP 3720080000 K (FEBRUARY 2, 2007).

FLOODWAYTHE SITE IS NOT AFFECTED BY A MAPPED FLOODWAY ACCORDING TOFIRM MAP 3720080000 K (FEBRUARY 2, 2007).

STEEP SLOPE PROTECTIONTHERE ARE NO STEEP SLOPES, AS DEFINED BY THE DURHAM UDO ON THE SITE.

TREE SURVEYTREES 18" CAL. OR LARGER TREES ARE SHOWN ON THE EXISTING CONDITIONS PLAN (DP-1).

WETLANDSTHERE ARE NO MAPPED WETLANDS ONSITE.

ADOPTED PLANS

2006 DURHAM COMPREHENSIVE BICYCLE TRANSPORTATION PLAN:A PROPOSED SIDEPATH IS INDICATED ALONG NC 15-501 HIGHWAY.

DURHAM TRAILS AND GREENWAYS MASTERPLAN:NO TRAILS SHOWN SURROUNDING THE SUBJECT PROPERTY.

NEW HOPE CORRIDOR OPEN SPACE MASTER PLAN:THIS PROJECT SITE IS WITHIN THE BOUNDARIES OF THE PLAN.

NONE OF THE FOLLOWING INVENTORY SITE WERE IDENTIFIED WITHIN THE PROJECT LIMITS: NATURAL INVENTORY SITE HISTORIC INVENTORY SITE

EXISTING CONDITIONS DATA

PROPERTY SURVEY

FOR SALE 5504 Durham - Chapel Hill Blvd. I Durham, NC

INTERSTATE 40

DURHAM / CHAPEL HILL BLVD SERVICE ROAD40' PUBLIC R/W

DURHAM / CHAPEL HILL BLVD - HWY 15 / 501260' PUBLIC R/W

NEW HOPE COMMONS DRIVE80' PUBLIC R/W

HO

FFLER

LAN

E50' P

UB

LIC R

/W

ASPHALT

25.0'

RELOCATEDHOFFLERACCESS

30.0' PROJECT BOUNDARY BUFFERFROM PROPERTY LINE (EXCLUSIVEOF WIDTH OF ACCESS DRIVE)WITH 60% OPACITY(WIDTH MAY BE REDUCED BY UDO9.4.5.F, 9.4.7 OR 9.4.8 AT TIME OFSITE PLAN)

0.6 / 30' PROJECTBOUNDARY BUFFER

Sheet Number

Sheet Title:

RevisionsDateCheckedDrawn

Project:

Job Number: 1420

111 West Main StreetDurham, N.C. 27701p 919.682.0368f 919.688.5646www.cjtpa.com

10-27-2014

DEVELOPMENT PLAN

JSA, DAJJSA, MTC

StrawValley

04-14-2015 - 1st review10-14-2015 - 2nd review11-11-2015 - 3rd review11-25-2015 - Stamping

DEVELOPMENT PLAN NOTESPROPOSED ZONING: MU(D) - MIXED USE WITH A DEVELOPMENT PLAN

SITE ACREAGE: AREA TO BE REZONED MU(D): 4.53 ACRES

RIGHT OF WAY DEDICATION (25'): 0.199 ACRES

ADJUSTED GROSS ACREAGE: 4.53 - 0.199= 4.33 ACRES

COMMITTED MAXIMUM IMPERVIOUS SURFACE: 4.33 ACRES = 100.0%(BASED ON ADJUSTED GROSS ACREAGE)

COMMITTED TREE PRESERVATION AREA: 10% OF 4.33 ACRES(BASED ON ADJUSTED GROSS ACREAGE) =0.43 ACRES

COMMITTED DEVELOPMENT INTENSITY: NET ACREAGE FOR DENSITY PER UDO 6.11.7.D.2.b: 4.33 ACRES

SQUARE FOOTAGE # OF UNITSRESIDENTIAL: 50 UNITS (11.55 DU/Ac. based

on adjusted gross)VERTICAL INTEGRATION (UDO 6.11.7D2) 18 units/acre max

NON-RESIDENTIAL: OFFICE: 25,000 sf

COMMERCIAL: 50,000 sf

TOTAL: 75,000 sf (non-residential) 50 UNITSCOMMITTED OPEN SPACE: 2% of 4.33 ACRES (0.09 ACRES)

MINIMUM LOT AREA: NO MINIMUM

PROPOSED ZONING:• MU(D) - MIXED USE WITH A DEVELOPMENT PLAN

SITE ACREAGE:• AREA TO BE REZONED MU(D): 4.53 ACRES

RIGHT OF WAY DEDICATION (25’): 0.199 ACRES

ADJUSTED GROSS ACREAGE: 4.53 - 0.199 = 4.33 ACRES

COMMITTED MAXIMUM IMPERVIOUS SURFACE: 4.33 ACRES = 100.0%(BASED ON ADJUSTED GROSS ACREAGE)

COMMITTED TREE PRESERVATION AREA: 10% OF 4.33 ACRES(BASED ON ADJUSTED GROSS ACREAGE) =0.43 ACRES

COMMITTED DEVELOPMENT INTENSITY:• NET ACREAGE FOR DENSITY PER UDO 6.11.7.D.2.b: 4.33 ACRES SQUARE FOOTAGE # OF UNITSRESIDENTIAL: 50 UNITS (11.55DU/adjusted gross) VERTICAL INTEGRATION (UDO 6.11.7D2) 18 units/acre max

NON-RESIDENTIAL: OFFICE: 25,000 sf COMMERCIAL: 50,000 sf

TOTAL: 75,000 sf (non-residential) 50 UNITS

COMMITTED OPEN SPACE: 2% of 4.33 ACRES (0.09 ACRES)

MINIMUM LOT AREA: NO MINIMUM

DEVELOPMENT PLAN NOTES

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement.

APPROVED DEVELOPMENT PLAN

FOR SALE 5504 Durham - Chapel Hill Blvd. I Durham, NC

DEMOGRAPHICS - 5 MILES Custom Map

Source: ©2015 Esri

February 23, 2017

©2016 Esri Page 1 of 1

$539,283

5504 DURHAM - CHAPEL HILL BLVD DURHAM, NC 27707

$106,297

$388,718

FOR SALE 5504 Durham - Chapel Hill Blvd. I Durham, NC

CLAUDIA BORDEAUXVice President | Retail Services919 582 3103claudia.bordeaux@colliers.com

COLLIERS RDU702 Oberlin Road, Suite 400Raleigh, NC 27605www.colliers.com/rdu

DAN MCPHILLIPSExecutive Vice President | Retail Services919 582 3151dan.mcphillips@colliers.com

DEMOGRAPHICS SUMMARY - 1,3 & 5 MILES

Executive Summary5504 Durham Chapel Hill Blvd, Durham, North Carolina, 27707 2

Prepared by Esri5504 Durham Chapel Hill Blvd, Durham, North Carolina, 27707 Latitude: 35.95232Rings: 1, 3, 5 mile radii Longitude: -78.99644

1 mile 3 miles 5 milesPopulation

2000 Population 3,340 35,030 115,5822010 Population 5,302 42,702 131,2462016 Population 6,033 47,131 142,1602021 Population 6,790 51,354 153,0512000-2010 Annual Rate 4.73% 2.00% 1.28%2010-2016 Annual Rate 2.09% 1.59% 1.29%2016-2021 Annual Rate 2.39% 1.73% 1.49%2016 Male Population 45.2% 47.3% 47.2%2016 Female Population 54.8% 52.7% 52.8%2016 Median Age 31.7 36.6 31.4

In the identified area, the current year population is 142,160. In 2010, the Census count in the area was 131,246. The rate of change since 2010 was 1.29% annually. The five-year projection for the population in the area is 153,051 representing a change of 1.49% annually from 2016 to 2021. Currently, the population is 47.2% male and 52.8% female.

Median Age

The median age in this area is 31.7, compared to U.S. median age of 38.0.Race and Ethnicity

2016 White Alone 61.2% 65.1% 61.5%2016 Black Alone 15.4% 14.1% 19.4%2016 American Indian/Alaska Native Alone 0.3% 0.4% 0.4%2016 Asian Alone 15.1% 11.4% 10.6%2016 Pacific Islander Alone 0.0% 0.0% 0.0%2016 Other Race 4.6% 5.7% 5.0%2016 Two or More Races 3.4% 3.3% 3.1%2016 Hispanic Origin (Any Race) 10.7% 11.7% 10.1%

Persons of Hispanic origin represent 10.1% of the population in the identified area compared to 17.9% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 65.0 in the identified area, compared to 63.5 for the U.S. as a whole.

Households2000 Households 1,644 15,063 46,1382010 Households 2,576 18,600 53,2332016 Total Households 2,938 20,412 57,6732021 Total Households 3,305 22,192 62,2282000-2010 Annual Rate 4.59% 2.13% 1.44%2010-2016 Annual Rate 2.13% 1.50% 1.29%2016-2021 Annual Rate 2.38% 1.69% 1.53%2016 Average Household Size 2.05 2.29 2.25

The household count in this area has changed from 53,233 in 2010 to 57,673 in the current year, a change of 1.29% annually. The five-year projection of households is 62,228, a change of 1.53% annually from the current year total. Average household size is currently 2.25, compared to 2.24 in the year 2010. The number of families in the current year is 29,564 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.

February 10, 2017

©2016 Esri Page 1 of 2

Executive Summary5504 Durham Chapel Hill Blvd, Durham, North Carolina, 27707 2

Prepared by Esri5504 Durham Chapel Hill Blvd, Durham, North Carolina, 27707 Latitude: 35.95232Rings: 1, 3, 5 mile radii Longitude: -78.99644

1 mile 3 miles 5 milesMedian Household Income

2016 Median Household Income $43,455 $59,834 $54,3462021 Median Household Income $45,973 $66,995 $61,1592016-2021 Annual Rate 1.13% 2.29% 2.39%

Average Household Income

2016 Average Household Income $71,643 $98,306 $87,5112021 Average Household Income $76,672 $106,297 $94,8742016-2021 Annual Rate 1.37% 1.58% 1.63%

Per Capita Income2016 Per Capita Income $34,695 $42,992 $36,0982021 Per Capita Income $37,145 $46,358 $39,0862016-2021 Annual Rate 1.37% 1.52% 1.60%

Households by IncomeCurrent median household income is $54,346 in the area, compared to $54,149 for all U.S. households. Median household income is projected to be $61,159 in five years, compared to $59,476 for all U.S. households

Current average household income is $87,511 in this area, compared to $77,008 for all U.S. households. Average household income is projected to be $94,874 in five years, compared to $84,021 for all U.S. households

Current per capita income is $36,098 in the area, compared to the U.S. per capita income of $29,472. The per capita income is projected to be $39,086 in five years, compared to $32,025 for all U.S. households Housing

2000 Total Housing Units 1,739 16,245 49,3552000 Owner Occupied Housing Units 900 8,063 22,5592000 Renter Occupied Housing Units 744 7,001 23,5792000 Vacant Housing Units 95 1,181 3,217

2010 Total Housing Units 2,813 20,560 58,1252010 Owner Occupied Housing Units 988 9,469 26,4282010 Renter Occupied Housing Units 1,588 9,131 26,8052010 Vacant Housing Units 237 1,960 4,892

2016 Total Housing Units 3,293 22,488 62,9262016 Owner Occupied Housing Units 996 9,746 26,6422016 Renter Occupied Housing Units 1,942 10,666 31,0302016 Vacant Housing Units 355 2,076 5,253

2021 Total Housing Units 3,662 24,283 67,6822021 Owner Occupied Housing Units 1,073 10,539 28,5422021 Renter Occupied Housing Units 2,231 11,653 33,6862021 Vacant Housing Units 357 2,091 5,454

Currently, 42.3% of the 62,926 housing units in the area are owner occupied; 49.3%, renter occupied; and 8.3% are vacant. Currently, in the U.S., 55.4% of the housing units in the area are owner occupied; 32.9% are renter occupied; and 11.7% are vacant. In 2010, there were 58,125 housing units in the area - 45.5% owner occupied, 46.1% renter occupied, and 8.4% vacant. The annual rate of change in housing units since 2010 is 3.59%. Median home value in the area is $289,583, compared to a median home value of $198,891 for the U.S. In five years, median value is projected to change by 0.48% annually to $296,590.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.

February 10, 2017

©2016 Esri Page 2 of 2

FOR SALE 5504 Durham - Chapel Hill Blvd. I Durham, NC

WITHIN MILES OF...

2016 UNC Hospital Rankings:

› #2 overall in North Carolina

National Awards:

› UNC Hospitals, UNC REX Healthcare, High Point Regional, and Pardee earn Top Grades for Patient Safety from Leapfrog - Only 844 hospitals nationwide received “A” grades in the Fall 2016 Leapfrog report.

› UNC Hospitals honored for 2nd time with Magnet Recognition

› UNC Hospitals honored with Mission: Lifeline achievement award

› UNC Medical Center named one of “100 Great Hospitals in America 2016”

› #1 overall in North Carolina › #1 in Raleigh-Durham metro area

National Awards:

› #16 Honor Roll of Best Hospitals - U.S. News & World Report

› Consumer Choice Award - 2011-2016 National Research Corporation (NRC)

› Ranked as a best hospital for it’s 13 adult and 10 pediatric specialties

› Top Grades for Patient Safety from Leapfrog - Only 844 hospitals nationwide received “A” grades in the Fall 2016 Leapfrog report.

› Center of Excellence in Nursing Education - National League of Nurses

Research Triangle Park (RTP) is one of the oldest and largest science parks in North America. It is comprised of 7,000 acres and 200 companies with 42,000 full time knowledge workers and 10,000 contract employees with an average salary of $73,000. Major employers in the metro area include Duke University and Medical Center, University of North Carolina, IBM, GlaxoSmithKline, SAS Institute, Cisco Systems, Syngenta, RTI International and Credit Suisse. Employers continue to be attracted to Research Triangle Park because of the rich recruitment pool, relatively low costs, and superb amenities.

200 COMPANIES | 55 ,000 EMPLOYEES+ | 7,000 ACRES | 22.5M SF

2016 Duke University Hospital Rankings: “Our home is built to nurture bold ideas”

FOR SALE 5504 Durham - Chapel Hill Blvd. I Durham, NC

RALEIGH-DURHAM ACCOLADES » #1 Foodiest Small Town

Bon Appetitt Magazine

» #1 City for Business and Careers (Durham) Forbes | 2015

» #2 Fastest Growing Senior Population (Raleigh) Forbes | February 2016

» #2 Easiest City to Find a Job (Raleigh) Forbes | December 2015

» #3 Best Place to Live (Raleigh-Durham) U.S. News | March 2016

» #3 Best Private College in the United States (Duke University) USA Today | 2015

» #3 Best State of Business (North Carolina) Forbes | 2014

» #3 Best City for Young Families Value Penguin | February 2016

» #3 Best State of Business (North Carolina) Forbes | 2014

» #4 Top Technology Markets (Durham) ULI Emerging Trends in Real Estate | 2015

» Top 5 Multifamily Investment Markets (Raleigh-Durham); National Real Estate Investor | February 2016

» #6 Best Small Cities for Food Lovers (Durham) The Wall Street Journal | 2015

CLAUDIA BORDEAUXVice President | Retail Services

919 582 3103claudia.bordeaux@colliers.com

COLLIERS RDU702 Oberlin Road, Suite 400

Raleigh, NC 27605www.colliers.com/rdu

DAN MCPHILLIPSExecutive Vice President | Retail Services

919 582 3151dan.mcphillips@colliers.com

FOR SALE 5504 Durham - Chapel Hill Blvd. I Durham, NC

46,000 VPD

DURHAM - CHAPEL HILL BLVD.

88,000 VPD

60K SF BUILDING

PLANNEDMixed-Use

Development

A crucial part in the Durham Redevelopment Plan. High Profile Development Opportunity in Durham/Chapel Hill Trade Area. High Traffic Counts. Surrounded by dense retail developments full of national and local retailers, restaurants and attractions.

SITE

Address: 5504 Durham - Chapel Hill Blvd. Durham, NC 27707

PIN: 0800-03-01-8645 0800-03-11-0701 0800-03-01-5565County: Durham

Acreage: ±4.54 AcresZoning: Approved for Mixed UseIdeal Use: High Density Retail, Medical, OfficeAsking Price: Call Advisor

EXIT270

PROPERTY DETAILS KEY FEATURES