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Harris Teeter 116 W Barbee Chapel Rd 45,517 SF 100% Leased Retail Building Chapel Hill, NC 27517 For Sale
INVESTMENT HIGHLIGHTS
- Extremely rare and highly sought after single tenant institutional grocery property | Very limited acquisition opportunities
- Corporate lease | Harris Teeter, LLC | 274+ locations across 8 U.S. states
- Located inside of dense retail-corridor | 1.1M SF within a 2-mile radius
- Attractive lease term | 8+ years remaining
- Part of the Meadowmont Community Association | 107K SF retail of space | 117K of office space
- Established operating history | Leased since 2002
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Harris Teeter in Chapel Hill, NC. We welcome your review of this attractive investment.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Supermarket
Building Size
45,517 SF
Building Class
A
Year Built
2002
NOI
$697,251
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.24
Lot Size
4.33 AC
Zoning
R1
Parking
247 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Freeway Visibility
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 44,926 SF
- -
- Double Net
- Jan 2033
Harris Teeter, a wholly-owned subsidiary of The Kroger Co.(NYSE: KR), was co-founded in 1960 by North Carolina grocers W.T. Harris and Willis Teeter. Harris Teeter operates more than 250 stores and 60 fuel centers in seven states and the District of Columbia. In addition to its retail stores, Harris Teeter also owns grocery, frozen food, and perishable distribution centers in Greensboro, NC and Indian Trail, NC. Harris Teeter is headquartered in Matthews, NC and employs approximately 35,000 valued associates.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Retailer | 44,926 SF | - | Double Net | Jan 2033 |
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Raleigh Rd | W Barbee Chapel Rd, NW | 35,617 | 2025 | 0.23 mi |
| Raleigh Road | W Barbee Chapel Rd, SE | 49,100 | 2025 | 0.35 mi |
| Raleigh Road | Burning Tree Dr, NW | 44,238 | 2025 | 0.36 mi |
| State Hwy 54 | Barbee Chapel Rd, W | 48,098 | 2025 | 0.39 mi |
| Raleigh Rd | Burning Tree Dr, NW | 44,382 | 2024 | 0.40 mi |
| Burning Tree Dr | Oak Tree Dr, NW | 1,862 | 2023 | 0.43 mi |
| Burning Tree Drive | Oak Tree Dr, NW | 1,857 | 2025 | 0.45 mi |
| Finley Golf Course Road | Prestwick Rd, SE | 2,605 | 2025 | 0.45 mi |
| Finley Golf Course Rd | Prestwick Rd, SE | 2,934 | 2024 | 0.45 mi |
| Barbee Chapel Rd | Pearl Ln, N | 10,351 | 2024 | 0.47 mi |
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9798648897 | Improvements Assessment | $4,386,100 |
| Land Assessment | $3,247,500 | Total Assessment | $7,633,600 |
PROPERTY TAXES
Parcel Number
9798648897
Land Assessment
$3,247,500
Improvements Assessment
$4,386,100
Total Assessment
$7,633,600
MAP
ADDITIONAL PHOTOS
Building 1
Building 2
Aerial 1
Aerial 2
Aerial 3