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Retail Center in Chatham Park
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114 Russet Run, Pittsboro, NC 27312

Multi-tenant retail center with immediate availability in Pittsboro, NC.

Space Size3,725 SF
Property Size14,000 SF
Days on Market281

Property Features for 114 Russet Run

General Information

Standard status Active
Size 3,725 SF
Property subtype Retail

Building Details

Building Size 14,000 SF

Spaces For Lease

at 114 Russet Run Contact us

Suite 3

Size
3,725 SF
Type
Restaurant
Term
Negotiable
Rate
Contact for pricing
Contact us
Listed By: Cole Pennell
Source: Lee-associates
Added: Nov 26, 2025 Changed: Sep 2 Last Checked: Sep 2 at 1:07PM

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 Cole Pennell

Investment Insights

Based on property information with market context.

Penguin Place is a multi-tenant retail center encompassing 14,000 square feet across three buildings. It is located along US 15-501 Highway at the entrance to Chatham Park, adjacent to MOSAIC. The center is home to destinations such as The Root Cellar Café, House of Hops, Mi Cancun, and several professional service offices. An end cap unit, formerly Allen Tate, is available immediately. The unit spans 1,220 square feet and is currently built out for professional services, featuring a reception area, two private offices, a conference room, and a break room. TICAM is $7.50 per square foot per year. Lease rate is available by calling the brokers.

Key Highlights

  • Located at the entrance of Chatham Park and MOSAIC along US 15‑501 Hwy.
  • End cap unit with high visibility.
  • Space is available immediately.

Property Analytics

Current Use

Mi Cancun Restaurant Michele Newton Hobaugh, ... Real Estate Agency Brick City Realty ... Real Estate Agency Edward Jones - Financial ... Financial Advisor Allen Tate Realtors ... Real Estate Agency

Suggested Use

Top Pick Auto Repair Shop Parking Lot & Garage Auto Parts Store Locksmith Hair Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

180
Businesses Nearby
81k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 50% Groceries 32% Shops & Services 14% Beauty & Spa 3%
Lowes Foods Groceries
25,600 visits/mo 0.4 miles
Bojangles' Famous Chicken 'n Biscuits Dining
20,549 visits/mo 0.1 miles
Zaxby's Chicken Fingers & Buffalo Wings Dining
13,386 visits/mo 0.3 miles
Exxon Shops & Services
11,037 visits/mo 0.2 miles
Jersey Mike's Subs Dining
3,363 visits/mo 0.2 miles

Demographics for 27312, NC

21,572
Population
10,613
Households
2
Avg Household Size
51
Median Age
53%
College-Educated
95%
High-School Grad
170.9 sq mi
ZIP Area
126
Density / Sq Mi
$100,505
Median Household Income
$53,166
Median Earnings
$933
Median Rent
$423,200
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant retail center with immediate availability in Pittsboro, NC.
Where is this shopping center located?
The property is located at 114 Russet Run Pittsboro, NC.
What are key features of this property?
This property features: Located at the entrance of Chatham Park and MOSAIC along US 15‑501 Hwy.; End cap unit with high visibility.; Space is available immediately.
More about this property
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