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South Square Shopping Center 4001-4037 Durham Chapel Hill Blvd 2,100 - 32,700 SF of Retail Space Available in Durham, NC 27707
HIGHLIGHTS
- South Square has remained 97% leased for the past 5 years.
- The Raleigh-Durham-Chapel MSA is one of the fastest growing MSA's in the United States
- 70% of the retailers have operated at the Property for 10 years or longer.
- Nearly 156,000 people within a 5 - mile radius.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 30,600 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Plus Electric & Cleaning | ||
| 1st Floor | 2,100 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
4001 Durham Chapel Hill Blvd - 1st Floor
- Listed lease rate plus proportional share of electrical and cleaning cost
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
3415 Westgate Dr - 1st Floor
- Fully Built-Out as Standard Retail Space
- 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
ABOUT THE PROPERTY
South Square is a Power Center with Super Target and Sam's Club, Office Depot, Petco, and Ross Dress for Less. Co-tenants Firestone, European Wax Center, Great, Clips, GameStop, Modern Nails, and Mattress Firm. The available space is a former Office Depot and is available April of 2027.
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
Presented by
South Square Shopping Center | 4001-4037 Durham Chapel Hill Blvd
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