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The Shoppes at Glen Laurel - Retail Building NC Highway 42 1,250 - 10,000 SF of 4-Star Retail Space Available in Clayton, NC 27527
HIGHLIGHTS
- Located in Johnston County
- Development includes multifamily, hospitality, office, medical, self storage and retail
- Located less than five minutes from Grifols and Novo Nordisk bio-manufacturing facilities
- Mixed-use development in an opportunity zone
- Situated at the signalized intersection of NC Highway 42 and Glen Laurel Road
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,250-10,000 SF | Negotiable | $41.16 CAD/SF/YR $3.43 CAD/SF/MO $411,584 CAD/YR $34,299 CAD/MO | Triple Net (NNN) |
1st Floor
Located in Johnston County, this mixed-use development lies just outside Raleigh, NC and in an opportunity zone. Situated at the signalized intersection of NC Highway 42 and Glen Laurel Road, the site is located less than five minutes from the new bio-manufacturing facilities of Grifols and Nova Nordisk. This development includes multifamily, hospitality, office, medical, self-storage and retail.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Site is located within an opportunity zone.
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 | 10,000 SF | Property Subtype | Storefront |
| Min. Divisible | 1,250 SF | Gross Leasable Area | 10,500 SF |
| Property Type | Retail | Year Built | 2021 |
| Total Space Available | 10,000 SF |
| Min. Divisible | 1,250 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 10,500 SF |
| Year Built | 2021 |
ABOUT THE PROPERTY
±10,000/sf new construction retail building Retail build is within a mixed-use center In an opportunity zone Estimated completion late 2025
Presented by
The Shoppes at Glen Laurel - Retail Building | NC Highway 42
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