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Premier Retail Center in Chapel Hill
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243 South Elliott Road, Chapel Hill, NC 27514

Retail center with excellent access in Chapel Hill, North Carolina.

Space SizeContact for details
Days on Market150

Property Features for 243 South Elliott Road

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Raleigh
Listed By: Matt Larson
Source: Cbre
Added: Mar 25 Changed: Aug 17 Last Checked: Aug 21 at 12:21PM

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.

Elliott Square is a retail center situated in Chapel Hill, North Carolina. The property is located within a dense retail area near Eastgate Crossing, Village Plaza, and Rams Plaza. The surrounding area has a strong daytime population. The location is supported by a customer base with household incomes exceeding $150,000 within one mile.

Key Highlights

  • Premier retail center in a prime location.
  • Located in the heart of Chapel Hill, NC.
  • Excellent access for customers and deliveries.

Property Analytics

Current Use

Elliott Square Shopping Center & Mall Trek Bicycle Chapel ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Grocery & Convenience Store Electrical Service (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

1,786
Businesses Nearby
474k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 39% Groceries 36% Shops & Services 18% Office Supplies 2%
Trader Joe's Groceries
54,211 visits/mo 0.3 miles
Whole Foods Market Groceries
42,207 visits/mo 0.1 miles
Cook Out Dining
32,883 visits/mo 0.1 miles
Harris Teeter Groceries
30,591 visits/mo 0.2 miles
Food Lion Grocery Store Groceries
22,711 visits/mo 0.4 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

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
Rey
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Similar Off Market Nearby

  • Elliott Square 243 S Elliott Rd, Chapel Hill, NC 27514
  • Eastgate shopping center 1800 e franklin st, chapel hill, nc 27514
  • University Place 201 S Estes Dr, Chapel Hill, NC 27514
  • Plaza Mall S Elliott Rd, Chapel Hill, NC 27514
  • Coinstar Kiosk | Bitcoin ATM Harris Teeter, 2110 S Estes Dr, Chapel Hill, NC 27514

Frequently Asked Questions

What type of property is this?
Shopping center - Retail center with excellent access in Chapel Hill, North Carolina.
Where is this shopping center located?
The property is located at 243 South Elliott Road Chapel Hill, NC.
What are key features of this property?
This property features: Premier retail center in a prime location.; Located in the heart of Chapel Hill, NC.; Excellent access for customers and deliveries.
More about this property
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