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Parkway Plaza 4215 University Dr
3,173 SF of Retail Space Available in Durham, NC 27707
Highlights
- Anchored by The Fresh Market and At Home
- Close proximity to 15-501 (Durham-Chapel Hill Blvd) & I-40
- 8,189 businesses with 131,959 employees within 13 minutes of Parkway Plaza
- Co-tenants include Sally Beauty Supply, H&R Block, The Athlete's Foot, Dollar Tree, Auto Zone, Smoothie King and Jimmy John's
- Signalized entrance on University Drive
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 6 | 3,173 SF | 5-10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
4215 University Dr - 1st Floor - Ste 6
Space dimensions: 39'-8" x 80'-0"
- Located in-line with other retail
- Partially Demolished Space
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 Parkway Plaza
- At Home
- Dollar Tree
- The Fresh Market
PROPERTY FACTS FOR 4215 University Dr , Durham, NC 27707
| Center Type | Community Center | Frontage | |
| Parking | 850 Spaces | Gross Leasable Area | 173,908 SF |
| Stores | 21 | Total Land Area | 17.71 AC |
| Center Properties | 4 | Year Built | 1983 |
| Center Type | Community Center |
| Parking | 850 Spaces |
| Stores | 21 |
| Center Properties | 4 |
| Frontage | |
| Gross Leasable Area | 173,908 SF |
| Total Land Area | 17.71 AC |
| Year Built | 1983 |
About the Property
Parkway Plaza is a prime retail center located on University Drive at Martin Luther King (MLK) Parkway in Durham, NC and in a dominant retail area with strong demographics. The market is home to many top-of-category retailers, including Super Target, Petco, Ross Dress for Less, Sam's Club, and Jo-Ann's Fabrics & Crafts. Join a diverse mix of tenants that include At Home, The Fresh Market, Auto Zone, The Athlete's Foot, Sally Beauty, Jimmy Johns and Dollar Tree. Multiple points of ingress and egress provide easy access to the center, which has a signalized entrance across from Westgate Drive. Located near the intersection of University Drive and Martin Luther King, Jr. Parkway in close proximity to Hwy 15-501 (Durham-Chapel Hill Blvd) & I-40. Traffic counts on University Drive average 17,000 vehicles per day and 23,000 vehicles per day on MLK Jr. Parkway. No internet cafes.
- Bus Line
- Dedicated Turn Lane
- Signalized Intersection
Nearby Major Retailers
-
Jimmy Conder -
Rivercrest Realty Investors
Presented by
Parkway Plaza | 4215 University Dr
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