Open-Air Shopping
201 S Estes Drive, Chapel Hill, NC 27514
For Lease
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Retail space is complemented by residences above ground-floor shops and eight prefinished storefronts for local retail concepts.
Space Size350,000 SF
Days on Market39
Property Features for 201 S Estes Drive
General Information
Standard status
Size
Property subtype
Additional Details
Space Use
Amenities
chef-driven restaurants
curated shops
live entertainment
signature parks
public play spaces
outdoor public space for art, culture and community events
Building Details
Building Size
Spaces For Lease
at 201 S Estes Drive
#1
Active
Size
350,000 SF
Listing Agency:
JLL - Charlotte, North Carolina
Listed By:
Danielle McGrath · License NC #320528
(980) 819-3857
Source:
Crexi
Added: Oct 2
Changed: Nov 9
Last Checked: Nov 9 at 1:58PM
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 - Charlotte, North Carolina
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Investment Insights
Based on property information with market context.
University Place is a redeveloped, open-air retail center at 201 S. Estes Drive in Chapel Hill. The property includes 350,000 square feet of retail space, with residences at 900 Willow positioned above ground-level shops. The upStart component offers eight prefinished storefronts for makers and startup retail concepts.
The center is in Chapel Hill’s historic shopping district. An average of 53,900+ vehicles pass by each day.
The center is in Chapel Hill’s historic shopping district. An average of 53,900+ vehicles pass by each day.
Key Highlights
- 350,000 square feet of redeveloped open‑air retail
- Eight prefinished storefronts in the upStart component
- 900 Willow residences sit above ground‑level retail
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
213k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Dining 29%
Shops & Services 22%
Beauty & Spa 2%
Whole Foods Market
Groceries
42,207 visits/mo
0.5 miles
Cook Out
Dining
32,883 visits/mo
0.3 miles
Harris Teeter
Groceries
30,591 visits/mo
0.2 miles
Circle K
Shops & Services
22,004 visits/mo
0.2 miles
Aldi
Groceries
20,328 visits/mo
0.5 miles
Demographics for 27514, NC
33,809
Population
11,470
Households
2.9
Avg Household Size
27
Median Age
80%
College-Educated
98%
High-School Grad
19.6 sq mi
ZIP Area
1,725
Density / Sq Mi
$94,167
Median Household Income
$25,145
Median Earnings
$1,491
Median Rent
$628,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- University Place — 201 S Estes Dr, Chapel Hill, NC 27514
- Coinstar Kiosk | Bitcoin ATM — Harris Teeter, 2110 S Estes Dr, Chapel Hill, NC 27514
- Elliott Square — 243 S Elliott Rd, Chapel Hill, NC 27514
- Plaza Mall — S Elliott Rd, Chapel Hill, NC 27514
- Eastgate shopping center — 1800 e franklin st, chapel hill, nc 27514
Frequently Asked Questions
What type of property is this?
Shopping center - Retail space is complemented by residences above ground-floor shops and eight prefinished storefronts for local retail concepts.
Where is this shopping center located?
The property is located at 201 S Estes Drive Chapel Hill, NC.
What are key features of this property?
This property features: 350,000 square feet of redeveloped open‑air retail; Eight prefinished storefronts in the upStart component; 900 Willow residences sit above ground‑level retail
