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3219 Watkins Rd
2,985 SF of 4-Star Retail Space Available in Durham, NC 27707
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 200 | 2,985 SF | Negotiable | $24.04 /SF/YR $2.00 /SF/MO $71,759 /YR $5,980 /MO | Triple Net (NNN) |
2nd Floor, Ste 200
Beautiful turnkey taproom, wine bar, retail space with unparalleled visibility from the 15-501, 50,000+ vehicles drive by per day. Located in the highly sought after Patterson Place Shopping Center that has 6.5 million visits annually. This space is perfect for an existing brand seeking more visibility, or a first time operator looking for an affordable entry level option. All fixtures, furniture and equipment are negotiable and can convey.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Central Heating System
- Security System
- Exposed Ceiling
- Plug & Play
- After Hours HVAC Available
- Unparalleled Visibility
- 10 taps, walk-in draft cooler
- turnkey build out
- Future growth potential
- FF&E negotiable
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 3219 Watkins Rd , Durham, NC 27707
| Property Type | Retail | Year Built | 2014 |
| Property Subtype | Fast Food | Parking Ratio | 5.09/1,000 SF |
| Gross Leasable Area | 14,551 SF | Cross Streets | SW Durham Dr |
| Total Land Area | 0.68 AC |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 14,551 SF |
| Total Land Area | 0.68 AC |
| Year Built | 2014 |
| Parking Ratio | 5.09/1,000 SF |
| Cross Streets | SW Durham Dr |
About the Property
DETAILS: Gateway Terrace - Price: $24.04 psf TICAM: $10.00 – 2022 Fixtures, Furniture and Equipment Negotiable! HIGHLIGHTS: 2,985 sf, turnkey taproom, wine bar, bottle shop 15-501 HWY unparalleled visibility & traffic counts Adjacent 501 Crowne apartments – 296 units A+ Retail trade area, possible Roof Top buildout with overhanging deck (see page 5 flyer) Elevator served on the 2nd floor
- Bus Line
- Signage
Nearby Major Retailers
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3219 Watkins Rd
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