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Chapel Hill North Center Outparcel 1870 Martin Luther King Jr Blvd 6,925 SF of 4-Star Retail Space Available in Chapel Hill, NC 27514
Highlights
- Anchored by Harris Teeter, a subsidiary of Kroger and a leading grocer in North Carolina
- Located on Highway 86 off of Interstate 40
- National tenants include Pet Supplies Plus, Jersey Mike’s Subs, The UPS Store, and Great Clips
- Population exceeds 32,400 people with an average household income greater than $160,200 in a three-mile radius
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste OP1 | 6,925 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste OP1
Outparcel Build to Suit Opportunity
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Anchored by Harris Teeter
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.
Site Plan
Property Facts
| Total Space Available | 6,925 SF | Total Land Area | 0.88 AC |
| Property Type | Retail | Construction Status | Proposed |
| Gross Leasable Area | 6,925 SF |
| Total Space Available | 6,925 SF |
| Property Type | Retail |
| Gross Leasable Area | 6,925 SF |
| Total Land Area | 0.88 AC |
| Construction Status | Proposed |
About the Property
Chapel Hill North Center is located in Chapel Hill, NC - home to the University of North Carolina. Anchored by Harris Teeter, the center offers retail space for lease alongside a strong tenant mix including Pet Supplies Plus and The UPS Store.
Nearby Major Retailers
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Chapel Hill North Center Outparcel | 1870 Martin Luther King Jr Blvd
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