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Village Plaza 73-111 S Elliott Rd
2,874 SF of Retail Space Available in Chapel Hill, NC 27514
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 155 | 2,874 SF | Jul 2030 | £31.04 /SF/PA £2.59 /SF/MO £89,215 /PA £7,435 /MO | Modified Gross |
1st Floor, Ste 155
Retail suite in a superb Chapel Hill location. Target user is a fitness operator, salon, or any use that would benefit from an open layout. Village Plaza is a high foot traffic shopping center with other high-end tenants, including Whole Foods. The center is also in close proximity to the East Gate shopping center with tenants such as Trader Joes. This location is surrounded by a well-heeled community and along the busy E Franklin Street corridor.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- High End Trophy Space
- Plug & Play
- Shower Facilities
- Professional Lease
- Fully built-out fitness studio w/ specialized HVAC
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 73-111 S Elliott Rd , Chapel Hill, NC 27514
| Property Type | Retail | Year Built | 1971 |
| Gross Internal Area | 72,977 SF | Parking Ratio | 4.52/1,000 SF |
| Total Land Area | 5.72 AC | Cross Streets | E Frankiln St |
| Property Type | Retail |
| Gross Internal Area | 72,977 SF |
| Total Land Area | 5.72 AC |
| Year Built | 1971 |
| Parking Ratio | 4.52/1,000 SF |
| Cross Streets | E Frankiln St |
Features and Amenities
- Bus Route
- Pylon Sign
- Signage
- Signalised Intersection
- Drive Thru
Nearby Major Retailers
Presented by
Village Plaza | 73-111 S Elliott Rd
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