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311 S Academy St 695 - 4,413 SF of Retail Space Available in Cary, NC 27511
HIGHLIGHTS
- Historic charm with unmatched accessibility.
- Adjoins the Downtown Cary Park
- Walking distance to the Cary Regional Library, Cary Arts Center and The Mayton Inn
- One of downtown Cary’s most distinctive and versatile properties.
- Located on S. Academy Street in Downtown Cary
- Close proximity to numerous dining and retail options
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement | 1,868 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| Basement, Ste Coop | 695 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 1,850 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
Basement
The property includes a partially finished basement/garage and exterior structure. The Basement and The Coop must be rented together. The 1st floor can be rented separately, or the entire building can be rented.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 4,413 SF of adjacent space
- 596 SF Patio
- Direct visibility to S. Academy Street
Basement, Ste Coop
The property includes a partially finished basement/garage and exterior structure. The Basement and The Coop must be rented together. The 1st floor can be rented separately, or the entire building can be rented.
- Can be combined with additional space(s) for up to 4,413 SF of adjacent space
1st Floor
1st Floor: 1,850 GSF and 165 SF patio. The Basement and The Coop must be rented together. The 1st floor can be rented separately, or the entire building can be rented.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 4,413 SF of adjacent space
- 165 SF Patio
- Direct visibility to S. Academy Street
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 311 S ACADEMY ST, CARY, NC 27511
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Malhotra Capital LLC
- Services
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Malhotra Capital LLC | Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 4,413 SF | Gross Leasable Area | 4,413 SF |
| Property Type | Retail | Year Built | 1925 |
| Total Space Available | 4,413 SF |
| Property Type | Retail |
| Gross Leasable Area | 4,413 SF |
| Year Built | 1925 |
ABOUT THE PROPERTY
4,413 SF stand-alone building is situated on 0.43 acres 1st Floor: 1,850 SF and 165 GSF patio Basement: 1,868 GSF The Coop: 695 GSF and 596 SF patio The property at 311 S. Academy Street in Cary, NC is a unique historic gem offering both charm and prime location. Built in 1925, the building was originally the home and office of Dr. J.P. Hunter, a beloved local physician. In addition to practicing medicine, Dr. Hunter kept chickens in a coop on the property, often using them to barter for goods and services during a time when medical practice in Cary did not provide substantial income. This piece of Cary’s history is preserved within the character of the building, making it a rare opportunity for a modern business to occupy a site rich with local heritage.
NEARBY MAJOR RETAILERS
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311 S Academy St
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