Patriot's Pointe - Location

Location 

Patriot’s Pointe is located just south of historic Hillsborough North Carolina, a community which provides a small-town atmosphere with the convenience of large city amenities, where Interstate 40 and I-85 converges. As a result, residents enjoy easy access to Chapel Hill, Durham, the Research Triangle and are approximately 60 kilometres from Raleigh on the Interstate Highway. 

Hillsborough 

Hillsborough, previously the State Capital of North Carolina, has tremendous barriers to entry due to its historic nature. 

Hillsborough acts as a bedding community for Durham the home of Duke University as well as Chapel Hill a key location in the Research Triangle, the home of the University of North Carolina and University of North Carolina Healthcare Hospital, a major regional medical centre expanding to include a new $250m, 500 jobs, University of North Carolina Healthcare Hospital and 2 Physician Building Facilities. 

Already an exceedingly stable rental market, Hillsborough is enjoying increasing pressures on rental rates from demand. 

The concentration of medical and university jobs, is reflected income levels higher than the U.S. real inflation adjusted median household income of $51,939 in 2013. 

Hillsborough Statistics: 

  • Population growth from 2010 to 2014: +4.9% in Hillsborough versus +4.3% for North Carolina 
  • Average daily traffic volume at the two main town exits on I-40 and I-85 
    •  Totaled 102,000 vehicles per day in 2014 compared to 94,000 in 2010 
  • Median household income: $50,454 versus $45,906 for North Carolina 
  • Median unemployment at June 2014: 4.8% versus 6.5% for North Carolina 
  • Median House or condo value in 2013: $192,251 versus $154,300 for North Carolina 
  • Mean travel time to work is 20 minutes, Durham & Chapel Hill within this drive time 
  • Colleges near Hillsborough include: 
    • University North Carolina at Chapel Hill 19 Km, enrollment of 24,946 
    • Duke University 22 Km, enrollment 14,652 
    • North Carolina Central University 22 km,enrollment 7,281
The Research Triangle 

Chapel Hill, Durham, and Raleigh make up the three corners of the Research Triangle, so named in 1959 with the creation of Research Triangle Park, a research park between Durham and Raleigh. Chapel Hill is one of the central cities of the Durham-Chapel Hill MSA, which in turn is part of the Raleigh-Durham-Chapel Hill combined statistical area, with a population of 1,998,808. 

Anchored by leading technology firms, government and world-class universities, medical centres and schools, the area's economy has performed exceptionally well. Significant increases in employment, earnings, personal income, and retail sales are projected over the next 15 years. The region's growing high-technology community includes such companies as IBM, Cisco Systems, NetApp, Red Hat, EMC Corporation, and Credit Suisse First Boston. 

In addition to high-tech, the region is consistently ranked in the top three in the U.S. with concentration in life science companies. Some of these companies include GlaxoSmithKline, Biogen Idec, BASF, Merck & Co., Novo Nordisk, Novozymes, and Pfizer. 

Research Triangle Park and North Carolina State University's Centennial Campus in Raleigh support innovation through Research and Development and technology transfer among the region's companies and research universities including Duke University and the University of North Carolina at Chapel Hill. 

The area has fared relatively well during the Global Financial Crisis induced recession, ranking as the strongest region in North Carolina by the Brookings Institution and among the top 40 in the country.

Demographic and Income Profile from a 3 to 10 mile radius

More property details and photos are available at www.usresi.com