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- LoopNet Team
4516 Durham Chapel Hill Blvd
Durham, NC 27707
Oak Creek Village · Property For Lease
Highlights
- Oak Creek Village is a 116,186-square-foot shopping center comprising storefront spaces and restaurant parcels off Durham-Chapel Hill Boulevard.
- Occupied by diverse F&B, retail, and service businesses, including T.J. Maxx, Bojangles, Rent-A-Center, Sally Beauty, Monterrey Mexico Grill, & more.
- Supported by wealthy neighborhoods with an average annual household income of $108,199 reported within a 3-mile radius.
- Unit 08 is available now and spans 16,051 square feet between Once Upon a Child and Hibachi Grill, an excellent co-anchor opportunity.
- High-identity opportunity at a signalized intersection with traffic counts exceeding 111,000 vehicles per day on average.
Property Facts
| Property Type | Retail | Year Built | 1985 |
| Property Subtype | Auto Dealership | Parking Ratio | 6.09/1,000 SF |
| Gross Leasable Area | 116,186 SF |
| Property Type | Retail |
| Property Subtype | Auto Dealership |
| Gross Leasable Area | 116,186 SF |
| Year Built | 1985 |
| Parking Ratio | 6.09/1,000 SF |
About the Property
Oak Creek Village presents the opportunity for retail users seeking a significant footprint in Durham, North Carolina, to join its synergistic tenant mix and benefit from its superb positioning. Spanning over 116,000 square feet, Oak Creek Village is an established shopping, dining, and service destination with tenant suites ranging from approximately 1,000 to 31,000 square feet. These spaces host a strong mix of users, including a T.J. Maxx anchor, Subway, Once Upon a Child, Nice Trim Barbershop, a Bojangles outparcel, and more. Unit 08 is now available, comprising 16,051 square feet and previously occupied by JoAnn Stores. The space is at the corner of the L-shaped main building, maximizing its exposure to the signalized intersection of Durham-Chapel Hill Boulevard and Garrett Road. Oak Creek Village’s location allows tenants to maximize the power of the market. Virtually equidistant from the centers of Durham and Chapel Hill, the shopping center is situated in affluent communities and attracts immense commuter traffic. Market factors have contributed to increased migration to the area, as reflected in the demographic data. The number of households within a 5-mile radius grew by 8% since 2020 and is projected to maintain an annual growth rate of 0.5% through 2029. Durham has a strong and diverse economy that continues to perform well and grow at a faster pace than the national economy. Total nonfarm employment in Durham is about 360,000, according to data from the Bureau of Labor Statistics. That is an increase of 8% over the market's pre-pandemic peak, compared to 4.7% for the overall US. Durham's job growth has been led by office-using sectors like professional and business services, which has increased 35% since early 2020. Other investments, such as Kempower’s planned electric vehicle charging production facility in Durham County, are projected to continue diversifying the economic landscape and increasing incomes that fuel retail businesses.
- Bus Line
- Pylon Sign
- Signage
