Bonefish Grill - NNN Lease 7820 North Carolina 751
Durham, NC 27713
For Sale
5,000 sqft
Sale Price
$2,541,000
Brochure
Property Website
Map
Retail For Sale
NNN Lease with No LL Responsibilities | Covered Land Play | Well-below Market Rents!
Covered Land Opportunity: Bonefish Grill currently occupies the space at a below-market rental rate. If the space were to be re-leased, prevailing market rents would significantly exceed the current rate of $25.41 PSF.
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Joe Graham
This offering presents an opportunity to acquire a single-tenant NNN Lease Bonefish Grill located at 7820 NC-751 in Durham, NC. The property is strategically positioned at the signalized intersection of NC-751 and Renaissance Parkway, adjacent to The Streets at Southpoint—one of the region’s top-performing retail destinations. The 5,000 SF building sits on a 1.07-acre site and benefits from excellent visibility, strong traffic counts, and direct access to I-40. The lease is backed by Bonefish Grill, LLC, a subsidiary of Bloomin’ Brands, Inc. (NASDAQ: BLMN), and features approximately 2.08 years remaining (as of 1/1/2026), with 10% rent escalations every five years. The offering is priced at $2,541,000, representing a 5.0% capitalization rate.
Total Space Available
5,000 sqft
Bonefish Grill - 7820 NC 751, Durham (Under Contract)
5,000 sqft
Retail
$2,541,000
Status
UnderContract
Sale Price
$2,541,000
Get in touch
Joe Graham