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Penguin Place 114 Russet Run 1,220 SF of Office/Retail Space Available in Pittsboro, NC 27312
HIGHLIGHTS
- Prime location along the US 15-501 Hwy entrance to Chatham Park, adjacent to MOSAIC
- End cap unit
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 6 | 1,220 SF | 3-5 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste 6
1,220 SF End cap unit, formerly Allen Tate Available immediately Current build out is for professional services Reception, two private offices, conference room and break room Located along US 15-501 Hwy at the entrance of Chatham Park and MOSAIC TICAM: $7.50 SF/yr Lease rate: Call brokers
- Fully Built-Out as Standard Office
- Open Floor Plan Layout
- Fits 4 - 10 People
- 6 Private Offices
- 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 PENGUIN PLACE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Allen Tate Realtors
- Real Estate
- 130
- National
- Edward Jones
- Finance Company
- 17,927
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Allen Tate Realtors | Real Estate | 130 | National |
| Edward Jones | Finance Company | 17,927 | International |
PROPERTY FACTS
| Total Space Available | 1,220 SF | Gross Leasable Area | 4,331 SF |
| Property Type | Retail | Year Built | 2018 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 7.15/1,000 SF |
| Total Space Available | 1,220 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 4,331 SF |
| Year Built | 2018 |
| Parking Ratio | 7.15/1,000 SF |
ABOUT THE PROPERTY
Penguin Place is a multi-tenant retail center located along the US 15-501 Hwy entrance to Chatham Park, adjacent to MOSAIC. Penguin Place spans 14,000 SF over three buildings, and is home to popular destinations like The Root Cellar Café, House of Hops, Mi Cancun, and several professional service offices.
NEARBY MAJOR RETAILERS
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Penguin Place | 114 Russet Run
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