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Village Plaza 73-111 S Elliott Rd
2,874 SF of Retail Space Available in Chapel Hill, NC 27514
Highlights
- Prime Retail Suite: Located in the sought-after Village Plaza shopping center in Chapel Hill, ideal for fitness operators, salons, or any business nee
- Proximity to Additional Retail Anchors: Near East Gate Shopping Center with popular tenants such as Trader Joe’s, enhancing regional appeal.
- Strategic Location: Along the bustling E Franklin Street corridor, providing excellent visibility and accessibility.
- High Foot Traffic: Positioned in a busy retail center anchored by high-end tenants, including Whole Foods, driving consistent customer flow.
- Prestigious Surroundings: Situated in a well-established, affluent community with strong spending power.
- Complementary Tenant Mix: Co-tenancy with other high-quality businesses attracts a diverse and affluent customer base, enhancing synergy for prospecti
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 2,874 SF | 1-4 Years | £6.03 /SF/PA £0.50 /SF/MO £17,322 /PA £1,444 /MO | Triple Net |
1st Floor
PROPERTY OVERVIEW 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.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Prime Retail Suite
- High Foot Traffic
- Proximity to additional retail anchors
- Prestigious Surroundings
- Strategic location
- Complementary tenant mix
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
| Total Space Available | 2,874 SF | Year Built | 1971 |
| Property Type | Retail | Parking Ratio | 4.52/1,000 SF |
| Gross Internal Area | 72,977 SF | Cross Streets | E Frankiln St |
| Total Land Area | 5.72 AC |
| Total Space Available | 2,874 SF |
| 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 |
About the Property
PROPERTY OVERVIEW 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.
- 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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