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Elliott Square 251-229 S Elliott Rd 857 - 14,052 SF of Retail Space Available in Chapel Hill, NC 27514
HIGHLIGHTS
- Adjacent to Whole Foods, Trader Joe’s and new luxury apartments Berkshire Chapel Hill (265 units) and Bell Chapel Hill (272 units).
- Lower Booker Creek greenway trail adjacent to Elliott Road extension.
SPACE AVAILABILITY (5)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 001 | 4,918 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 003 | 2,552 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 004 | 1,780 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 005 | 857 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 10 | 3,945 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
223-265 S Elliott Rd - 1st Floor - Ste 001
Adjacent to Whole Foods, Trader Joe’s and new luxury apartments Berkshire Chapel Hill (265 units) and Bell Chapel Hill (272 units).
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
223-265 S Elliott Rd - 1st Floor - Ste 003
2nd generation coffee shop.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
223-265 S Elliott Rd - 1st Floor - Ste 004
Second generation bakery.
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
223-265 S Elliott Rd - 1st Floor - Ste 005
Can be combined with 004 and 003.
223-265 S Elliott Rd - 1st Floor - Ste 10
- Fully Built-Out as Standard Retail 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 ELLIOTT SQUARE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Alpaca Peruvian Charcoal Chicken
- Restaurant
- 10
- Local
- Avis
- Auto Rental
- 2,403
- International
- Breadmen's
- Specialty Foods
- 1
- Local
- SPENGA
- Fitness
- 88
- National
- Trek Bikes
- Bike Shop
- 717
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Alpaca Peruvian Charcoal Chicken | Restaurant | 10 | Local |
| Avis | Auto Rental | 2,403 | International |
| Breadmen's | Specialty Foods | 1 | Local |
| SPENGA | Fitness | 88 | National |
| Trek Bikes | Bike Shop | 717 | International |
PROPERTY FACTS
| Total Space Available | 14,052 SF | Frontage | 1,154’ on Elliott Rd |
| Center Type | Neighborhood Center | Gross Leasable Area | 68,000 SF |
| Parking | 238 Spaces | Total Land Area | 7.91 AC |
| Stores | 20 | Year Built | 1974 |
| Center Properties | 1 |
| Total Space Available | 14,052 SF |
| Center Type | Neighborhood Center |
| Parking | 238 Spaces |
| Stores | 20 |
| Center Properties | 1 |
| Frontage | 1,154’ on Elliott Rd |
| Gross Leasable Area | 68,000 SF |
| Total Land Area | 7.91 AC |
| Year Built | 1974 |
ABOUT THE PROPERTY
Elliott Square is surrounded by major retail and mixed-use development, including Whole Foods, Trader Joe's, Petco, Steinmart, Ulta, and Berkshire Chapel Hill, a mixed-use development comprised of 265 units and 13,000 SF of street level retail. The center is anchored by O2 Fitness and is zoned high-density mixed-use ensuring plenty of traffic and ample opportunities for retailers. Located at the corner of the heavily trafficked Fordham Blvd. (15-501) and South Elliott Road
NEARBY MAJOR RETAILERS
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Elliott Square | 251-229 S Elliott Rd
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