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Retail Space

454 West Franklin Street, Chapel Hill, NC 27514

For Lease
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The Chapel Hill property is surrounded by a population of 43,500 people within one mile.

Space Size3,634 SF
Days on Market40

Property Features for 454 West Franklin Street

General Information

Standard status Active
Size 3,634 SF
Property subtype Retail

Spaces For Lease

at 454 West Franklin Street
#1 Active
Size 3,634 SF
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Listing Agency: TradeMark Properties
Listed By: Vijay Shah · License NC #157364
Source: Crexi
Added: Oct 1 Changed: Nov 8 Last Checked: Nov 8 at 4:48PM

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 TradeMark Properties

Rey
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Investment Insights

Based on property information with market context.

This retail space at 454 West Franklin Street in Chapel Hill is available for lease. The area within one mile of the property has a population of 43,500.

Key Highlights

  • 43,500 people live within one mile of the property

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Mediterranean Deli, Bakery, ... Food Market Elaine's On Franklin Restaurant

Suggested Use

Top Pick Nail Salon Electrical Service Auto Parts Store Accounting Firm (Bike/Boat/Book/etc) Store Auto Repair Shop

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

4,495
Businesses Nearby
87k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 69% Shops & Services 19% Hotels & Casinos 12%
McDonald's Dining
19,905 visits/mo 0.1 miles
Chipotle Mexican Grill Dining
15,208 visits/mo
Panera Bread Dining
12,942 visits/mo 0.0 miles
Hampton Inn & Suites Carrboro/Chapel Hill Hotels & Casinos
10,359 visits/mo 0.5 miles
State Employees Credit Union Shops & Services
3,904 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Retail space - The Chapel Hill property is surrounded by a population of 43,500 people within one mile.
Where is this retail space located?
The property is located at 454 West Franklin Street Chapel Hill, NC.
What are key features of this property?
This property features: 43,500 people live within one mile of the property
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