Property Highlights

Property Name
Property Address
Market
Property Type
SQFT
Major Tenants
Durham Festival Center
3457 Hillsborough Road, Durham, North Carolina 27705
Durham, North Carolina
Grocery-anchored neighborhood center
134,290
Kroger, Dollar General, Millenium Sports Club, Sun Trust Bank, Dunkin Donuts, Chick-Fil-A (NAP)
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Durham Festival Center is a 134,290 square foot grocery-anchored community center located near the southeast corner of US Highway 70 (Hillsborough Road) and US Highway 15-501 Bypass, with additional frontage on LaSalle St., in Durham, NC. Built in 1960, the center is 89% occupied and anchored by a strong performing Kroger, Dollar General and Millenium Sports Club. Additionally, Dunkin Donuts and Chick-Fil-A occupy two outparcels.

Durham is home to Duke University and Duke University Medical Center. Durham Festival Center is located less than one mile from these institutions along the primary traffic artery (LaSalle) into the medical center and one of two major thoroughfares into the Duke University main campus. As a result, the center benefits from the surrounding single-family and multi-family residential neighborhoods that cater to Duke. More than 65,000 residents live within a three-mile radius of the property with an average household income of $62,000+. More than 26,000 VPD pass the center on Hillsborough Road, while US 15-501 Bypass carries 59,000 VPD.

More than $1.1 billion has been injected into the Durham economy since 2000, with the city receiving accolades for being one of the best places to live in the country. Kroger added a fuel station in 2010 and remodeled its store in 2014, further solidifying this center as a prime grocery destination in this dynamic Durham submarket.