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120 Banks Dr
10,106 SF of Retail Space Available in Chapel Hill, NC 27514
Highlights
- Lots of natural light
- Cold dark shell offering flexible build-out options
- Tons of nearby restaurants and retail shops
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 120 | 10,106 SF | Negotiable | £25.43 /SF/PA £2.12 /SF/MO £273.72 /m²/PA £22.81 /m²/MO £256,992 /PA £21,416 /MO | Triple Net |
1st Floor, Ste 120
Discover the ideal setting for your medical practice in this expansive, fully renovated space. With an impressive 22’ clear ceiling height and abundant natural light, this 10,106 sq ft space offers unmatched flexibility for your custom build-out needs. The space can be easily divided into two suites of ~3,000 sq ft and 7,000 sq ft, making it perfect for practices of all sizes. Property Highlights: High Ceilings & Natural Light: Soaring 22’ ceilings and ample natural light create a welcoming and airy environment. Flexible Build-Out: Currently a large open area, allowing for complete customization to perfectly suit your practice's requirements. Prime Location: Conveniently located with easy access to I-40. Neighboring Tenancy: Adjacent to Raleigh Radiology, providing synergy for medical businesses. Nearby Amenities: A variety of restaurants and coffee shops within walking distance for staff convenience. Ample Parking: Excellent parking ratio of 4.5/1000 sq ft ensures plenty of space for your patients. Modern Lobby: Welcoming, beautifully designed lobby that creates a professional first impression.
- Lease rate does not include utilities, property expenses or building services
- 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 agent 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 FOR 120 Banks Dr , Chapel Hill, NC 27514
| Property Type | Retail | Year Built | 1990 |
| Property Subtype | Movie Theatre | Parking Ratio | 3.3/1,000 SF |
| Gross Internal Area | 22,724 SF |
| Property Type | Retail |
| Property Subtype | Movie Theatre |
| Gross Internal Area | 22,724 SF |
| Year Built | 1990 |
| Parking Ratio | 3.3/1,000 SF |
About the Property
Explore the ideal setting for your medical practice in this expansive, fully renovated space. Boasting a remarkable 22' clear ceiling height and abundant natural light, this 10,106 sq ft area offers unparalleled flexibility for your custom build-out needs. The space can be easily divided into two suites of approximately 3,000 sq ft and 7,000 sq ft, catering to practices of all sizes. Highlights include high ceilings and natural light that create a welcoming environment, a flexible build-out allowing for complete customization, and a prime location with easy access to I-40. The property is adjacent to Raleigh Radiology, fostering synergy for medical businesses, and is within walking distance of various restaurants and coffee shops for staff convenience. An excellent parking ratio of 4.5/1000 sq ft ensures ample space for patients, complemented by a modern, beautifully designed lobby that makes a professional first impression.
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Nikita Zhitov -
Maria Dinshaw -
CityPlat
Presented by
120 Banks Dr
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