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105 W Morgan St
971 - 5,951 SF of Retail Space Available in Durham, NC 27701
Highlights
- Located in the heart of downtown Durham
- Located between two of downtown Durham’s most vibrant districts - City Center and Central Park
- Walk Score: 92 - Walker’s Paradise (www. walkscore.com)
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 101 | 3,307 SF | Negotiable | $27.00 /SF/YR $2.25 /SF/MO $290.63 /m²/YR $24.22 /m²/MO $7,441 /MO $89,289 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 102 | 1,673 SF | Negotiable | $30.00 /SF/YR $2.50 /SF/MO $322.92 /m²/YR $26.91 /m²/MO $4,183 /MO $50,190 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 421 N. Mangum | 971 SF | Negotiable | $27.00 /SF/YR $2.25 /SF/MO $290.63 /m²/YR $24.22 /m²/MO $2,185 /MO $26,217 /YR | Triple Net (NNN) |
1st Floor, Ste 101
Can be subdivided
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 102
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 421 N. Mangum
- Lease rate does not include utilities, property expenses or building services
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 FOR 105 W Morgan St , Durham, NC 27701
| Property Type | Retail | Gross Leasable Area | 15,116 SF |
| Property Subtype | Storefront Retail/Office | Year Built | 2019 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 15,116 SF |
| Year Built | 2019 |
About the Property
15,116 SF of street front retail bordering Mangum Street, W. Morgan Street, and Rigsbee Avenue The mixed-use project consists of 665 parking spaces atop premiere street front retail Parking deck houses 5,324 SF for the City of Durham Parking Administration Walking distance to the hottest attractions including the Durham Bulls Athletic Park, the award winning Durham Performing Arts Center, and numerous well-established local restaurants and bars Flexible floor plans that can be demised Grade change allows for ceiling heights with the ability to accommodate a mezzanine level in select spaces Significant outdoor seating opportunities Exterior features artwork from local artists selected by the community
-
Vijay Shah -
TradeMark Properties
Presented by
105 W Morgan St
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