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Chapel Hill 110 E Franklin St
2,931 - 13,957 SF of Office Space Available in Chapel Hill, NC 27514
Highlights
- Primary intersection in Chapel Hill for all pedestrian and driving traffic
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 110 | 2,931 SF | 3-7 Years | $26.00 /SF/YR $2.17 /SF/MO $279.86 /m²/YR $23.32 /m²/MO $6,351 /MO $76,206 /YR | Triple Net (NNN) | ||
| 2nd Floor, Ste 200 | 11,026 SF | 3-7 Years | $22.00 /SF/YR $1.83 /SF/MO $236.81 /m²/YR $19.73 /m²/MO $20,214 /MO $242,572 /YR | Triple Net (NNN) |
1st Floor, Ste 110
Office property fronting Columbia, two doors off the primary corner of Franklin street and Columbia,.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Office intensive layout
2nd Floor, Ste 200
Fully built out in 20 individual offices. Reception, conference, break areas. Second floor accessed by stairs and elevator.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- 20 Private Offices
- 1 Conference Room
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.
SELECT TENANTS AT Chapel Hill
- Tenant
- Description
- US Locations
- Reach
- PlayaBowls
- Accommodation and Food Services
- -
- -
- Starbucks
- Accommodation and Food Services
- -
- -
- Top of the Hill Restaurant
- -
- -
- -
- University of North Carolina
- -
- -
- -
| Tenant | Description | US Locations | Reach |
| PlayaBowls | Accommodation and Food Services | - | - |
| Starbucks | Accommodation and Food Services | - | - |
| Top of the Hill Restaurant | - | - | - |
| University of North Carolina | - | - | - |
PROPERTY FACTS FOR 110 E Franklin St , Chapel Hill, NC 27514
| Property Type | Retail | Year Built | 1993 |
| Property Subtype | Storefront Retail/Office | Cross Streets | Columbia St |
| Gross Leasable Area | 22,003 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 22,003 SF |
| Year Built | 1993 |
| Cross Streets | Columbia St |
About the Property
Formerly a rental office for an apartment business. Prior to that, it was a bank. Mostly open floor plan other than a couple of offices and two bathrooms. Total gross asking rate on rent is $7518 per month.
- Bus Line
- Signage
- Signalized Intersection
- Balcony
Nearby Major Retailers
-
Power Broker Bill McFadyen -
Riddle Commercial Properties, Inc.
Presented by
Chapel Hill | 110 E Franklin St
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