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Wye Junction 501 Washington St 1,745 - 14,953 SF of Retail Space Available in Durham, NC 27701
HIGHLIGHTS
- Outstanding opportunity for restaurant, bar, coffee shop, fitness, etc.
- Adjacent to Durham ID District and within The Central Park District.
- Directly across the street from the historic Durham Athletic Park.
- Outdoor seating encouraged.
- Walk to all of Downtown Durham's amenities.
- Huge windows, high ceilings, exposed brick and timber.
SPACE AVAILABILITY (5)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste A-1 | 1,745 SF | 14’6” | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | |
| 1st Floor, Ste A-2 | 3,111 SF | 14’6” | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | |
| 1st Floor, Ste B-1 | 2,782 SF | 14’6” | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | |
| 1st Floor, Ste C-2 | 2,990 SF | - | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | |
| 1st Floor, Ste C-3 | 4,325 SF | - | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor, Ste A-1
- Located in-line with other retail
- Finished Ceilings: 14’6”
1st Floor, Ste A-2
- Finished Ceilings: 14’6”
1st Floor, Ste B-1
- Highly Desirable End Cap Space
- Finished Ceilings: 14’6”
1st Floor, Ste C-2
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
1st Floor, Ste C-3
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
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 | 14,953 SF | Gross Leasable Area | 18,429 SF |
| Property Type | Retail | Year Built | 1930 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 5.32/1,000 SF |
| Total Space Available | 14,953 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 18,429 SF |
| Year Built | 1930 |
| Parking Ratio | 5.32/1,000 SF |
ABOUT THE PROPERTY
Exciting retail opportunities within historic City Place in Downtown Durham. A new, Class A office building will be developed on-site and the historic building is seeking active retail uses including food/beverage, boutique fitness, coffee, specialty retail, etc. Originally built in 1930 as a City of Durham garage, this unique loft-style building features huge windows, high ceilings, exposed truss ceilings, brick walls and abundant on-site customer parking. Outstanding location directly adjacent to the Durham ID District, a master planned district that will feature 1.7M sq ft of office, lab, retail and multi-family space, and within the Durham Central Park District. Just steps from all of the amenities within Central Park including FullSteam Brewery, Cocoa Cinnamon, The Pit, Motorco Music Hall, Geer Street Garden, King's, Boxcar Bar + Arcade, Urban Axes, Durham Food Hall and more! City Place is also located along Durham's forthcoming Belt Line Park, a rail trail and linear park circling central Durham...www.DurhamBeltLine.com
- Bus Line
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
CONTACTS
-
Brad Wiese -
Bruce Alexander -
Liv Jorgenson -
Maverick Partners Realty Services, Inc
Presented by
Wye Junction | 501 Washington St
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