Log In/Sign Up
Your email has been sent.
140 W Franklin St 25,592 SF Retail Condo Unit Offered at $10,184,000 in Chapel Hill, NC 27516
Investment Highlights
- College Town Epicenter (32K Students)
- Strong Operating History
- Public Parking Garage
- Dense & Affluent Demographics (70K | $134K)
- E-Commerce Resistant Retail
- 3% Annual Rent Growth
Data Room Click Here to Access
- Offering Memorandum
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.00% |
| Sale Status | Under Contract | APN/Parcel ID | 9788278230 |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 7.00% |
| APN/Parcel ID | 9788278230 |
Description
140 W Franklin is a premier high street retail asset in the heart of Chapel Hill, less than a one-minute walk from UNC’s 32,000+ student campus. Spanning 25,592 SF and 100% leased, the property is well established on Franklin Street by long-tenured, e-commerce resistant tenants including Spicy 9, Que Chula, and Sotheby’s International Realty. Surrounded by 200+ shops and restaurants along bustling Franklin Street and supported by affluent demographics with household incomes above $150,000 within five miles, it captures the vibrancy of one of America’s top college towns. With stable cash flow, embedded rent growth, and a truly irreplaceable location, 140 W Franklin offers investors both security and dynamic upside.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 140 | 25,592 SF | Retail | $10,184,000 ($397.94/SF) | $712,393 |
Unit 140
| Unit Size |
| 25,592 SF |
| Condo Use |
| Retail |
| Price |
| $10,184,000 ($397.94/SF) |
| NOI |
| $712,393 |
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 140
| Unit Size | 25,592 SF |
| Condo Use | Retail |
| Price | $10,184,000 ($397.94/SF) |
| NOI | $712,393 |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 7.00% |
| APN/Parcel ID | 9788278230 |
| Description | |
| 140 W Franklin is a premier high street retail asset in the heart of Chapel Hill, less than a one-minute walk from UNC’s 32,000+ student campus. Spanning 25,592 SF and 100% leased, the property is well established on Franklin Street by long-tenured, e-commerce resistant tenants including Spicy 9, Que Chula, and Sotheby’s International Realty. Surrounded by 200+ shops and restaurants along bustling Franklin Street and supported by affluent demographics with household incomes above $150,000 within five miles, it captures the vibrancy of one of America’s top college towns. With stable cash flow, embedded rent growth, and a truly irreplaceable location, 140 W Franklin offers investors both security and dynamic upside.</li></ul> |
Property Facts Under Contract
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 365,864 SF | Floors | 8 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 39,645 SF |
| Property Subtype | Apartment | Year Built | 2013 |
| Building Class | A | Lot Size | 1.74 AC |
| Zoning | NA | ||
| Total Building Size | 365,864 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 8 |
| Typical Floor Size | 39,645 SF |
| Year Built | 2013 |
| Lot Size | 1.74 AC |
| Zoning | NA |
Amenities
Site Amenities
- Clubhouse
- Fitness Center
- Gameroom
- On-Site Retail
- Planned Social Activities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 65 | - | - |
| 2+2 | 75 | - | - |
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
140 W Franklin St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.