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2534 Durham Chapel Hill Blvd 6,652 SF of Retail Space Available in Durham, NC 27707
HIGHLIGHTS
- Completed Improvements: Insulated roof with skylights and new egress stairs.
- More Future Improvements: Electrical and lighting to code, two HVAC units in place.
- Future Improvements: ADA restrooms, improved storefront, new landscaping at entry, asphalt repairs, ADA accessible entry.
- Basement Level: ±3,000 SF of additional basement storage space available (contact brokers for more info).
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Entire Bldg | 6,652 SF | Negotiable | $25.13 CAD/SF/YR $2.09 CAD/SF/MO $167,142 CAD/YR $13,928 CAD/MO | Triple Net (NNN) |
1st Floor, Ste Entire Bldg
SVN | Real Estate Associates, as exclusive listing agent, is pleased to present for lease 2534 Durham-Chapel Hill Boulevard in Durham’s Rockwood neighborhood. Zoned CG, which allows for a variety of uses, this ±6,652 RSF multipurpose building is well located in one of Durham’s most popular restaurant hotspots near downtown (±2 miles), Duke University/Hospital (±3 miles), and the South Square submarket. The owner of the property is in the process of building out a warm shell space ready for custom tenant improvements as well as improving the exterior facade and entry. The space is demisable into two roughly equal units, and some of the lower level may be leased in conjunction with the top floor.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Open space
- Direct visibility off Durham-Chapel Hill Blvd
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 | 6,652 SF | Year Built | 1968 |
| Property Type | Retail | Parking Ratio | 1.8/1,000 SF |
| Gross Leasable Area | 6,652 SF |
| Total Space Available | 6,652 SF |
| Property Type | Retail |
| Gross Leasable Area | 6,652 SF |
| Year Built | 1968 |
| Parking Ratio | 1.8/1,000 SF |
ABOUT THE PROPERTY
SVN | Real Estate Associates, as exclusive listing agent, is pleased to present for lease 2534 Durham-Chapel Hill Boulevard in Durham’s Rockwood neighborhood. Zoned CG, which allows for a variety of uses, this ±6,652 RSF multipurpose building is well located in one of Durham’s most popular restaurant hotspots near downtown (±2 miles), Duke University/Hospital (±3 miles), and the South Square submarket. The owner of the property is in the process of building out a warm shell space ready for custom tenant improvements as well as improving the exterior facade and entry. The space is demisable into two roughly equal units, and some of the lower level may be leased in conjunction with the top floor.
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2534 Durham Chapel Hill Blvd
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