101 Village Center Drive Chapel Hill, NC 27516

Building Details

Year Built

2023

Listing office JLL Chicago | Americas Headquarters

Listing date Jul 8, 2026

Source Crexi

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

Report an issue

---

Investment Insights

Based on property information with market context.

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Chick-fil-A at 101 Village Center Drive in Chapel Hill, North Carolina (“Property” or “Asset”). The property is operating on an absolute NNN ground lease with approximately 16.7 years of primary lease term remaining, 10% rent escalations every five years, and nine, five-year options.

The tenant recently acquired an additional 0.35 acres for expansion at the site, supporting continued site development under the ground lease structure.

This is a single-tenant, absolute NNN ground lease investment positioned around the current operating Chick-fil-A location, with contractual rent escalations and extended option periods.

Key Highlights

• Single‑tenant Chick‑fil‑A on an absolute NNN ground lease
• About 16.7 years of primary lease term remaining
• 10% rent escalations every 5 years

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $1,150,000

  4,320 SF

  Multifamily Building with Two Structures

  Two buildings totaling eight units on 1.79 acres, built in 1937 and offered as-is for renovation or reconfiguration.

  210 Purefoy Road, Chapel Hill, NC 27514

  View Details
• 

  $975,000

  Site-Approved Office Development

  Site with an approved plan for a professional office building, positioned for strong highway visibility into Chapel Hill.

  1751 Dobbins, Chapel Hill, NC 27514

  View Details
• 

  $399,000

  1,344 SF

  Updated Duplex with Fenced Backyard

  Duplex with a spacious fenced-in backyard and refreshed interior finishes, zoned R-4.

  103 Stewart Lane, Chapel Hill, NC 27514

  View Details
• 

  $750,000

  2,769 SF

  Chapel Hill Duplex Investment Opportunity

  Spacious duplex built in 2025, ideal for investment.

  255 Erwin Road, Chapel Hill, NC 27514

  View Details
• 

  $625,000

  Furnished Office Condo Suite

  Turnkey, furnished office condo with five private offices, conference space, and secure building access.

  501 Eastowne Dr., Suite 210, Chapel Hill, NC 27514

  View Details
• 

  $5,000,000

  13,507 SF

  Chapel Hill Retail Investment Opportunity

  Two buildings totaling 13,507 SF in Chapel Hill, NC.

  109 East Franklin Street, Chapel Hill, NC, 27514

  View Details
• 

  $2,940,000

  9,800 SF

  Chapel Hill Freestanding Building

  Two-story building on 0.66 acres in established commercial corridor.

  110 S Estes Dr, Chapel Hill, NC 27514

  View Details
• 

  $309,988

  777 SF

  Flex Office-Retail Suite

  For sale suite sized to support an office or retail use at 240 E Winmore Ave.

  C2-240 E Winmore Ave, Chapel Hill, NC

  View Details
• 

  $2,500,000

  2,500 SF

  Single-Tenant Drive-Through Restaurant

  Absolute NNN Wendy’s ground lease with 18.2 years remaining and 10% rent escalations every five years.

  200 Village Center Drive, Chapel Hill, NC 27516

  View Details
• 

  $1,050,000

  1,033 SF

  Modern Office Condo Near UNC

  Office condo near I-40, downtown Chapel Hill, and UNC campus.

  101 Cosgrove Ave, Chapel Hill, NC

  View Details
• 

  Contact for pricing

  50,390 SF

  Two-Building Office Portfolio with Monument Signage

  Two professionally managed office buildings near UNC with monument signage and ample parking, presented for sale as a Franklin Park land condo.

  1512 E. Franklin Street, Chapel Hill, NC 27514

  View Details
• 

  $2,300,000

  12,800 SF

  Chapel Hill Office Building

  Office building for sale in Chapel Hill, North Carolina.

  1600 E Franklin St, Chapel Hill, NC 27514

  View Details

FAQs

What type of property is this?

NNN property - Operating Chick-fil-A on an absolute NNN ground lease with about 16.7 years remaining and 10% escalations every five years.

Where is this nnn property located?

The property is located at 101 Village Center Drive Chapel Hill, NC.

What is the asking price?

The asking price for this property is $3,750,000.

What are key features of this property?

This property features: Single‑tenant Chick‑fil‑A on an absolute NNN ground lease; About 16.7 years of primary lease term remaining; 10% rent escalations every 5 years