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108 Morris St 1,670 - 3,340 SF of Retail Space Available in Durham, NC 27701
HIGHLIGHTS
- Street-level suite with large storefront windows and exceptional visibility
- Demisable floor plan allowing for two separate suites
- Surrounded by numerous popular restaurants, cafes, and boutique retailers
- Flexible layout suitable for retail or creative office users
- Fully renovated historic building with modernized infrastructure
- Walkable to multiple parking decks, the Durham Performing Arts Center (DPAC), American Tobacco Campus, and Central Park District
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Full Suite | 1,670-3,340 SF | Negotiable | $50.25 CAD/SF/YR $4.19 CAD/SF/MO $167,845 CAD/YR $13,987 CAD/MO | Modified Gross |
1st Floor, Ste Full Suite
Street-level space (±3,340 SF) with large storefront windows, modernized infrastructure, and high ceilings located across from The Novus, a newly constructed luxury mixed-use development. The suite's flexible layout is suitable for retail or creative office users and can be divided into two smaller suites (±1,670 SF each).
- Listed rate may not include certain utilities, building services and property expenses
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 3,340 SF | Gross Leasable Area | 10,970 SF |
| Min. Divisible | 1,670 SF | Year Built/Renovated | 1910/2014 |
| Property Type | Retail | Cross Streets | Chapel Hill St |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 3,340 SF |
| Min. Divisible | 1,670 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 10,970 SF |
| Year Built/Renovated | 1910/2014 |
| Cross Streets | Chapel Hill St |
ABOUT THE PROPERTY
SVN | Real Estate Associates, as the exclusive listing agent, is pleased to offer street-level space at 108 Morris Street in the heart of downtown Durham, NC. This vibrant location sits directly across from The Novus, a newly constructed luxury mixed-use development, and is surrounded by some of the city’s best restaurants, galleries, and cultural destinations. The ±3,362 SF street-level space offers excellent flexibility for retail or creative office use and can be divided into two smaller suites.
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
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108 Morris St
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