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Commons 38100 Moring Dr 2,000 SF of Retail Space Available in Chapel Hill, NC 27517
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000 SF | Negotiable | $44.65 CAD/SF/YR $3.72 CAD/SF/MO $89,293 CAD/YR $7,441 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
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.
SELECT TENANTS AT COMMONS
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Carolina Longevity
- Health Care and Social Assistance
- -
- -
- Carolina Meadows
- Health Care and Social Assistance
- -
- -
- Cor4
- Services
- -
- -
- Peachy Smiles
- Health Care and Social Assistance
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Carolina Longevity | Health Care and Social Assistance | - | - |
| Carolina Meadows | Health Care and Social Assistance | - | - |
| Cor4 | Services | - | - |
| Peachy Smiles | Health Care and Social Assistance | - | - |
PROPERTY FACTS
| Total Space Available | 2,000 SF | Year Built | 2025 |
| Property Type | Retail | Parking Ratio | 3/1,000 SF |
| Gross Leasable Area | 21,000 SF |
| Total Space Available | 2,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 21,000 SF |
| Year Built | 2025 |
| Parking Ratio | 3/1,000 SF |
ABOUT THE PROPERTY
Prime Build-to-Suit Retail Opportunity in Governors Village – Chapel Hill, NC Highlights: -2,000 SF ground-floor retail or office space -Build-to-suit flexibility -Public water and sewer -High-visibility location within Governors Village -Ideal for restaurant, retail, or professional office use Introducing an exceptional 2,000-square-foot new construction retail space in the sought-after Governors Village community of Chapel Hill. Perfectly positioned on the ground floor of a high-visibility mixed-use development, this space offers modern design, flexible configuration, and access to public water and sewer. This is a build-to-suit opportunity, allowing tenants or investors to customize the layout and finishes to match their brand, operational needs, and customer experience. Governors Village is one of Chapel Hill’s most established and vibrant mixed-use neighborhoods, surrounded by upscale residential homes, thriving local businesses, and convenient amenities. The location benefits from steady local traffic, proximity to UNC-Chapel Hill, and easy access to major routes including US-15/501 and I-40, connecting Chapel Hill, Durham, and the greater Triangle region. Tenants will enjoy ample shared parking, attractive streetscape design, and a walkable environment that encourages community engagement and repeat foot traffic. The building’s modern construction and infrastructure ensure efficiency, low maintenance, and compliance with current codes and standards. Whether for a regional concept or a local entrepreneur, this property represents a rare chance to establish a presence in a growing, high-demand area with built-in residential and daytime population. Contact us today to discuss your vision and learn how this exceptional Chapel Hill opportunity can be tailored to your business needs.
NEARBY MAJOR RETAILERS
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Commons | 38100 Moring Dr
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