1. NINTH & MAIN
DURHAM, NC
PROPERTY SUMMARY
For Information:
Dustin Mills
(919) 801-4375

2. The following summary provides an overview of a property located in
Durham, North Carolina that is referred to in this document as “Ninth and
Main.” Centrally located between Duke University’s academic campuses and
state of the art medical center (32,000 employees / 13,000 students), this
represents a truly unique opportunity to acquire one of the single best
properties throughout the entire Triangle region.
Consisting of approximately five acres, the parcel is adjacent to Station
Nine, a five year old wrap product that demands some of the market’s
highest rents. In addition, it is within walking distance to shopping,
employment and Duke University’s academic and medical campuses.
As proposed, the property would consist of approximately 300 residential
units and would target young professionals affiliated with the university and
medical center.

3. Site Overview
Ninth Street Retail
Ninth Street Station
SITE
Hilton Garden Inn (to be built)
Office and Retail
Hilton Garden Inn

4. Aerial Overview
East Campus (2 blocks from site)
Duke University Medical Center (1/2 mile from site)
SITE
West Campus (3/4 mile from site) Expansion Renderings – Central Campus (2/10 mile from site)

5. VICINITY MAP
SITE
East Campus
Medical Campus
Central Campus
West Campus
• East Campus < 2 blocks
• Central Campus < 2/10 mile
• Medical Campus < 1/2 mile
• West Campus < 3/4 mile

6. Office / Retail
Main Street
Hilton Garden Site
Subject Site
+/- 5 Acres Station Nine

7. Future Retail
Station Nine
Subject Property Existing Retail
(as shown by Cline Design)
Existing
Office/ Retail
Hilton Garden
(to be built)
Less than 3/4 mile to 2 blocks to
West Campus & Hospital East Campus

8. Property
Comparables
“At a Glance”
• Immediately adjacent to Subject Property • Adjacent to Duke University Medical Center
• 95% Occupied @ $1.30 Avg. S.F. • 94% Occupied @ $1.37 Avg. S.F.
• Walk to Duke Univ. and Medical Center • Strong resident amenity package

9. • 2/10 mile from Subject Property
• University employs more than 8,656 people
• Presently undergoing major campus expansion
• Enrollment has consistently increased annually
• 6,244 Undergraduate / 6,844 Graduate

10. • 1/2 Mile from Subject Property
• Health System & Medical Center employs
more than 22,986 people
• More than 1,300 physicians on staff
• Presently undergoing 550K sq. ft. expansion
• Largest cardiothoracic program in the country