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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
PROPERTY FACTS
| 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
UNIT AMENITIES
- Air Conditioning
- Balcony
- Fireplace
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Stainless Steel Appliances
- Range
- Views
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Clubhouse
- Fitness Center
- Gameroom
- On-Site Retail
- Planned Social Activities
- Elevator
1 UNIT AVAILABLE
Unit 140
| Unit Size | 25,592 SF | Sale Type | Investment |
| Price | $10,184,000 | Cap Rate | 7.00% |
| Price Per SF | $397.94 | NOI | $712,393 |
| Condo Use | Retail | APN/Parcel ID | 9788278230 |
| Unit Size | 25,592 SF |
| Price | $10,184,000 |
| Price Per SF | $397.94 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| NOI | $712,393 |
| 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.
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UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 65 | - | - |
| 2+2 | 75 | - | - |
Presented by
140 W Franklin St
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