INVESTMENT OFFERING

SAB Capital is pleased to exclusively present the opportunity to acquire 110 S Estes Drive in Chapel Hill, North Carolina, a 9,800 square foot, two-story freestanding building situated on 0.66 acres within one of Chapel Hill’s most established and supply-constrained commercial corridors. The property is offered fee simple and is currently subject to a NNN lease with Wake Radiology Services that remains in place through December 31, 2026, providing near-term income while allowing a buyer to plan and execute a longer-term strategy.

The existing lease generates approximately $278,078 in net operating income, offering predictable cash flow during a transition period that can be utilized for design, entitlement, leasing, or redevelopment efforts. With less than one year of lease term remaining, the opportunity is well suited for investors or developers seeking flexibility without assuming long-term lease encumbrances.

Positioned just off University Place, a highly active mixed-use destination, the property benefits from excellent visibility and access along S Estes Drive with exposure to approximately 15,500 vehicles per day. The site includes 44 parking spaces, a favorable parking ratio of 4.49 per 1,000 square feet, and efficient ingress and egress, supporting a wide range of potential retail, medical, or service-oriented uses. The surrounding area features dense residential neighborhoods and strong daily traffic.

The asset is located in close proximity to the University of North Carolina at Chapel Hill, anchoring a dynamic and affluent trade area. Within a three-mile radius, the property serves more than 68,000 residents with an average household income exceeding $134,000, supported by one of the nation’s top public universities and a stable professional population. These demographics provide a durable consumer base for both necessity and discretionary uses.

Zoned CC/R2 and currently configured for medical office/retail use, the existing building footprint and infrastructure lend themselves well to re-leasing, adaptive reuse, or repositioning into single-tenant or multi-tenant retail, medical, quick-service, automotive, or service-oriented concepts. The combination of in-place income, premier location, strong site fundamentals, and market depth positions 110 S Estes Drive as a compelling opportunity for investors and developers seeking near-term yield with long-term upside in the heart of Chapel Hill.

• In-Place Income with Strategic Flexibility | Wake Radiology’s lease remains in place through December 31st, providing near-term passive income while ownership evaluates redevelopment, re-leasing, or value-add repositioning strategies with minimal carry risk.
• Premier Retail Corridor with Exceptional Exposure & Access | Positioned just off University Place, one of Chapel Hill’s most active mixed-use destinations, the property benefits from strong daily traffic, immediate neighborhood amenities, and seamless connectivity to the broader market.
• Strong Site Fundamentals | The asset features excellent visibility and ingress/egress along S Estes Drive with exposure to ±15,500 vehicles per day. The site includes approximately 44 parking spaces, supporting a wide range of retail, service, or medical uses.
• Dynamic, Supply-Constrained Market | Well connected to University of North Carolina at Chapel Hill and the surrounding community, the property represents a rare, well-located pad site positioned to serve Chapel Hill’s ongoing functional and commercial demand.
• Affluent, Dense Demographics | Within a 3-mile radius, the property draws from over 68,000 residents with an average household income of approximately $134,000. The presence of UNC—consistently ranked among the top public universities in the country—provides a durable and diversified consumer base for both necessity and discretionary retail.
• Repositioning & Adaptive Reuse Opportunity | The existing building footprint and infrastructure lend themselves well to single-tenant or multi-tenant conversion, medical use, auto-oriented concepts, quick-service, or discount retail seeking high visibility with short-term income support.
• Execution Advantage: Income During Transition | The remaining lease term provides cash flow during design, entitlement, and leasing phases, mitigating hold costs, improving capital efficiency, and enhancing overall risk-adjusted returns during repositioning.