- For Lease $38.50/SF/YR
- Property Type Retail
- Property Size 24,895 SF
- Lot Size 7.52 Acre
- Year Built 1998
- Date Updated Dec 5, 2025
Description
South Creek is located
across from Southern
Village on Hwy 15/501 in
Chapel Hill. This prime
location offers excellent
visibility and accessibility
for businesses, with
a scenic setting that
enhances the appeal
for both customers
and employees.
True
8 Spaces Available
Building 10
Restaurant
$38.50/SF/YR
6,000 SF
6,000 - 6,000 SF
TBD
From 5 Years
Yes
No
+/- 6,000 sf Build-to-Suit Restaurant with Rooftop
OCCUPANCY 3-4TH QUARTER 2026
OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS
LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.
TERM MINIMUM 5 YEARS
YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.
EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE
PARKING IN DECK AND SURFACE.
Building 11 #1
Retail
$38.50/SF/YR
2,070 SF
2,070 - 2,070 SF
TBD
From 5 Years
Yes
No
OCCUPANCY 3-4TH QUARTER 2026
OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS
LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.
TERM MINIMUM 5 YEARS
YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.
EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE
PARKING IN DECK AND SURFACE.
Building 11 #2
Retail
$38.50/SF/YR
1,702 SF
1,702 - 1,702 SF
TBD
From 5 Years
Yes
No
OCCUPANCY 3-4TH QUARTER 2026
OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS
LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.
TERM MINIMUM 5 YEARS
YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.
EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE
PARKING IN DECK AND SURFACE.
Building 11 #3
Retail
$38.50/SF/YR
5,623 SF
5,623 - 5,623 SF
TBD
From 5 Years
Yes
No
OCCUPANCY 3-4TH QUARTER 2026
OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS
LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.
TERM MINIMUM 5 YEARS
YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.
EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE
PARKING IN DECK AND SURFACE.
Building 12
Office
$38.50/SF/YR
2,000 SF
2
2,000 - 2,000 SF
TBD
From 5 Years
Yes
No
OCCUPANCY 3-4TH QUARTER 2026
OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS
LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.
TERM MINIMUM 5 YEARS
YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.
EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE
PARKING IN DECK AND SURFACE.
Contacts
Montgomery Development Carolina
Location
Located at Hwy 15/501, Chapel Hill, NC 27517, this property is part of the Cole Place neighborhood and Raleigh Durham market.
Montgomery Development Carolina
