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Falls River Towne Center 1121 Falls River Ave 1,159 - 5,035 SF of Retail Space Available in Raleigh, NC 27614
HIGHLIGHTS
- Suite 114 and 118 can be combined
- Surrounded by a dense and affluent demographic including Falls River, Bedford, Ravens Ridge and Woodspring
- Former restaurant space
- Co-tenants include Food Lion, Ace Hardware, and Tanas Day Spa
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 105 | 1,184 SF | Negotiable | $30.00 /SF/YR $2.50 /SF/MO $35,520 /YR $2,960 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 107 | 1,159 SF | Negotiable | $30.00 /SF/YR $2.50 /SF/MO $34,770 /YR $2,898 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 110 | 2,692 SF | Negotiable | $30.00 /SF/YR $2.50 /SF/MO $80,760 /YR $6,730 /MO | Triple Net (NNN) |
1141 Falls River Rd - 1st Floor - Ste 105
Co-tenants include: Food Lion, Ace Hardware, Sake House, Snap Fitness and The Tumble Gym
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
1141 Falls River Rd - 1st Floor - Ste 107
Co-tenants include: Food Lion, Ace Hardware, Sake House, Snap Fitness and The Tumble Gym
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
1141 Falls River Ave - 1st Floor - Ste 110
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT FALLS RIVER TOWNE CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Advance Auto Parts
- Automotive
- 4,661
- International
- Dollar General
- Dollar/Variety/Thrift
- 22,295
- International
- Food Lion Inc
- Supermarket
- 1,299
- National
- Nelson Orthodontics
- -
- 2
- Local
- Renu Fitness
- -
- -
- -
- Tanas Hair Designs & Day Spa
- Salon/Barber/Spa
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Advance Auto Parts | Automotive | 4,661 | International |
| Dollar General | Dollar/Variety/Thrift | 22,295 | International |
| Food Lion Inc | Supermarket | 1,299 | National |
| Nelson Orthodontics | - | 2 | Local |
| Renu Fitness | - | - | - |
| Tanas Hair Designs & Day Spa | Salon/Barber/Spa | 1 | Local |
PROPERTY FACTS
ABOUT THE PROPERTY
Food Lion anchored shopping center in very dense residential area with lots of families. Traffic counts on Durant Rd. exceed 17,000 CPD. Over 200,000 sf of new office development in the area and adjacent to a 50,000 SF medical office park. Northeast Wake submarket, located within 1/2 mile of WakeMed North Healthplex.
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Falls River Towne Center | 1121 Falls River Ave
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