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Northchase Shopping Center 5025-5109 University Pky 2,650 sq ft of Retail Space Available in Winston-Salem, NC 27106
HIGHLIGHTS
- Center anchored by Walmart Neighborhood Market
- Offers great visibility and a good mix of retailers
- Located at the intersection of University Parkway and Home Road
SPACE AVAILABILITY (1)
Display Rent as
- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| 1st Floor, Ste 5049 | 2,650 sq ft | Negotiable | £12.66 /sq ft pa £1.06 /sq ft pcm £33,554 pa £2,796 pcm | Triple Net |
5041-5109 University Pky - 1st Floor - Ste 5049
Prime retail suite available for lease on University Parkway and adjacent to Walmart Neighborhood Market.
- Lease rate does not include utilities, property expenses or building services
- Fully Fit-Out as Standard Retail Unit
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 (NNN) 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 rent 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 rent 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 NORTHCHASE SHOPPING CENTER
- 2.75 Cleaners
- Boost Mobile
- Salon Laura
- Walmart Neighborhood Market
PROPERTY FACTS
| Total Space Available | 2,650 sq ft | Frontage | 1,899 ft on University Pky |
| Centre Type | Neighbourhood Centre | Net Internal Area | 90,092 sq ft |
| Parking | 458 Spaces | Total Land Area | 11.48 ac |
| Stores | 20 | Year Built | 1987 |
| Centre Properties | 2 |
| Total Space Available | 2,650 sq ft |
| Centre Type | Neighbourhood Centre |
| Parking | 458 Spaces |
| Stores | 20 |
| Centre Properties | 2 |
| Frontage | 1,899 ft on University Pky |
| Net Internal Area | 90,092 sq ft |
| Total Land Area | 11.48 ac |
| Year Built | 1987 |
ABOUT THE PROPERTY
Join Walmart Neighborhood Market at Peters Plaza (fka NorthChase) Shopping Center, located at the intersection of University Parkway and Home Road in Winston-Salem. With great visibility and a good mix of retailers already in place, the Shopping Center is perfect for a wide variety of national and local tenants. Spaces available range from 1,396sf to 5,600sf, including a 2,500sf former restaurant space.
- Pylon Sign
- Signage
- Signalised Intersection
- Kiosk/Cart Space
NEARBY MAJOR RETAILERS
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Northchase Shopping Center | 5025-5109 University Pky
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