Two-Tenant Strip Center with
For Sale
Contact for pricing
100 Village Center Drive, Chapel Hill, NC 27516
NN-leased retail center with Starbucks, UNC Health, and a Tesla Supercharger license agreement.
Property Size6,192 SF
Price / SF$796.19
Days on Market54
Property Features for 100 Village Center Drive
General Information
Standard status
Active
Size
6,192 SF
Class
A
Property subtype
Retail, Office
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$295,996
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Anchor Co-Tenants
UNC Health Care System, Starbucks Corporation
Highway Access
Yes
Road Access
Yes
Amenities
Tesla Supercharger
Building Details
Year Built
2020
Tenancy
Multi
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
Source:
Crexi
Added: Jul 8
Changed: Aug 29
Last Checked: Aug 29 at 10:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
Built in 2020, this 6,192-square-foot strip center has two tenants and operates under an NN lease structure with approximately 4.4 years of WALT. The tenancy includes UNC Health Care System and Starbucks, with additional rent generated through a Tesla Supercharger license agreement. The property also includes a Starbucks drive-through, identified as the only Starbucks drive-through location in Chapel Hill proper.
The center occupies the hard corner of Eubanks Road and NC-86, with visibility toward traffic leaving Interstate 40 at Exit 266. Eubanks Road carries 14,000 vehicles per day, while NC-86 carries more than 29,000 vehicles per day. Interstate 40 carries approximately 77,000 vehicles per day at this segment.
The property is part of Carraway Village, a 900,000-square-foot, 55-acre mixed-use development. It is approximately 4 miles from downtown Chapel Hill and 10 miles from downtown Durham, with approximately 1,200 residents planned within a 5-minute walk at full build-out.
The center occupies the hard corner of Eubanks Road and NC-86, with visibility toward traffic leaving Interstate 40 at Exit 266. Eubanks Road carries 14,000 vehicles per day, while NC-86 carries more than 29,000 vehicles per day. Interstate 40 carries approximately 77,000 vehicles per day at this segment.
The property is part of Carraway Village, a 900,000-square-foot, 55-acre mixed-use development. It is approximately 4 miles from downtown Chapel Hill and 10 miles from downtown Durham, with approximately 1,200 residents planned within a 5-minute walk at full build-out.
Key Highlights
- 6,192 SF strip center built in 2020
- Two‑tenant occupancy with UNC Health Care System and Starbucks
- NN lease structure with approximately ±4.4 years of WALT
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 27516, NC
45,841
Population
18,684
Households
2.5
Avg Household Size
35
Median Age
72%
College-Educated
96%
High-School Grad
93.5 sq mi
ZIP Area
490
Density / Sq Mi
$100,788
Median Household Income
$48,638
Median Earnings
$1,446
Median Rent
$508,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - NN-leased retail center with Starbucks, UNC Health, and a Tesla Supercharger license agreement.
Where is this strip mall located?
The property is located at 100 Village Center Drive Chapel Hill, NC.
What is the asking price?
The asking price for this property is $4,930,000.
What are key features of this property?
This property features: 6,192 SF strip center built in 2020; Two‑tenant occupancy with UNC Health Care System and Starbucks; NN lease structure with approximately ±4.4 years of WALT
