Retail Space Near UNC
For Lease
Contact for pricing
123 West Franklin Street, Chapel Hill, NC 27516
Dynamic mixed-use project near UNC's campus on Franklin Street.
Space SizeContact for details
Days on Market271
Property Features for 123 West Franklin Street
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE | Raleigh
(919) 831-8233
Listed By:
Charlie Coyne
(919) 831-8233
Source:
Cbre
Added: Nov 22, 2025
Changed: Jul 6
Last Checked: Aug 20 at 11:17AM
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 CBRE | Raleigh
Investment Insights
Based on property information with market context.
Carolina Square is a mixed-use project intended to serve as a hub of activity in Chapel Hill. The site offers exposure and access to the UNC campus along Franklin Street. The property contains 4450 square feet of retail space.
Key Highlights
- Dynamic mixed‑use project.
- New hub of activity in Chapel Hill.
- Unparalleled exposure.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,994
Businesses Nearby
66k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
McDonald's
Dining
19,905 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
15,208 visits/mo
0.3 miles
Panera Bread
Dining
12,942 visits/mo
0.2 miles
State Employees Credit Union
Shops & Services
3,904 visits/mo
0.5 miles
Cold Stone Creamery
Dining
3,290 visits/mo
0.1 miles
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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Similar Off Market Nearby
- Greenbridge Condominiums — 601 W Rosemary St, Chapel Hill, NC 27516
- East Main Square — 380 E Main St, Carrboro, NC 27510
- The Central — 137 E Franklin St, Chapel Hill, NC 27514
- Coinstar Kiosk - Bitcoin ATM — Harris Teeter, 310 N Greensboro St, Carrboro, NC 27510
Frequently Asked Questions
What type of property is this?
Shopping center - Dynamic mixed-use project near UNC's campus on Franklin Street.
Where is this shopping center located?
The property is located at 123 West Franklin Street Chapel Hill, NC.
What are key features of this property?
This property features: Dynamic mixed‑use project.; New hub of activity in Chapel Hill.; Unparalleled exposure.
