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Oak Creek Village 4516 Durham Chapel Hill Blvd 16,051 SF of Retail Space Available in Durham, NC 27707
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.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 8 | 16,051 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste 8
This 16,051-square-foot retail space is available for lease at Oak Creek Village in Durham, North Carolina. The property is located along Durham–Chapel Hill Boulevard (US 15-501), a major corridor connecting Durham and Chapel Hill. Attractive tenant improvement packages and leasing incentives are available. Oak Creek Village is a high-visibility retail center offering exceptional exposure, strong daily traffic, and a vibrant mix of national and regional tenants. The center is anchored by well-known brands, including T.J. Maxx, Bojangles, Chili’s, Once Upon a Child, and America’s Best Contacts & Eyeglasses. This premier shopping destination provides excellent co-tenancy, visibility, and steady retail traffic throughout the day, making it an ideal location for retailers seeking a strong, established presence in the Durham market.
- High visibility on US 15-501 corridor
- Over 101,000 VPD
- Minutes from Duke & UNC–Chapel Hill
- 707 parking spaces (6.1/1,000 SF)
- Surrounded by Affluent Neighborhoods
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.
PROPERTY FACTS
| Total Space Available | 16,051 SF | Gross Leasable Area | 116,186 SF |
| Property Type | Retail | Year Built | 1985 |
| Property Subtype | Auto Dealership | Parking Ratio | 6.09/1,000 SF |
| Total Space Available | 16,051 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
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
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Oak Creek Village | 4516 Durham Chapel Hill Blvd
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