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  4. Cole Place
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For Lease

South Creek

Hwy 15/501, Chapel Hill, NC 27517

24,895

SF Available

South Creek is located

across from Southern

Village on Hwy 15/501 in

Chapel Hill. This prime

location offers excellent

visibility and accessibility

for businesses, with

a scenic setting that

enhances the appeal

for both customers

and employees.

 

Rental Details

  • Number of spaces 8
  • Total square feet available 24,895 SF
  • For Lease $38.50/SF/YR
  • Space Types Restaurant, Retail, Office
  • Date Updated Dec 5, 2025
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

True

For Lease 8 Spaces Available

Building 10

  • Space Type Restaurant
  • Lease Rate $38.50/SF/YR
  • Total Space Available 6,000 SF
  • Divisible Space 6,000 - 6,000 SF
  • Available Date TBD
  • Lease Term From 5 Years
  • Renewal Option Yes
  • Sublease No

+/- 6,000 sf Build-to-Suit Restaurant with Rooftop

OCCUPANCY 3-4TH QUARTER 2026

OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS 

LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.  

TERM MINIMUM 5 YEARS 

YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.  

EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE 

PARKING IN DECK AND SURFACE. 

  • Signage Yes
  • Signage Options Building
broker
John Fugo

Montgomery Development Carolina

Building 11 #1

  • Space Type Retail
  • Lease Rate $38.50/SF/YR
  • Total Space Available 2,070 SF
  • Divisible Space 2,070 - 2,070 SF
  • Available Date TBD
  • Lease Term From 5 Years
  • Renewal Option Yes
  • Sublease No

OCCUPANCY 3-4TH QUARTER 2026

OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS 

LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.  

TERM MINIMUM 5 YEARS 

YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.  

EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE 

PARKING IN DECK AND SURFACE. 

  • Signage Yes
  • Signage Options Building
broker
John Fugo

Montgomery Development Carolina

Building 11 #2

  • Space Type Retail
  • Lease Rate $38.50/SF/YR
  • Total Space Available 1,702 SF
  • Divisible Space 1,702 - 1,702 SF
  • Available Date TBD
  • Lease Term From 5 Years
  • Renewal Option Yes
  • Sublease No

OCCUPANCY 3-4TH QUARTER 2026

OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS 

LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.  

TERM MINIMUM 5 YEARS 

YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.  

EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE 

PARKING IN DECK AND SURFACE. 

  • Signage Yes
  • Signage Options Building
broker
John Fugo

Montgomery Development Carolina

Building 11 #3

  • Space Type Retail
  • Lease Rate $38.50/SF/YR
  • Total Space Available 5,623 SF
  • Divisible Space 5,623 - 5,623 SF
  • Available Date TBD
  • Lease Term From 5 Years
  • Renewal Option Yes
  • Sublease No

OCCUPANCY 3-4TH QUARTER 2026

OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS 

LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.  

TERM MINIMUM 5 YEARS 

YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.  

EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE 

PARKING IN DECK AND SURFACE. 

  • Signage Yes
  • Signage Options Building
broker
John Fugo

Montgomery Development Carolina

Building 12

  • Space Type Office
  • Lease Rate $38.50/SF/YR
  • Total Space Available 2,000 SF
  • Floor 2
  • Divisible Space 2,000 - 2,000 SF
  • Available Date TBD
  • Lease Term From 5 Years
  • Renewal Option Yes
  • Sublease No

OCCUPANCY 3-4TH QUARTER 2026

OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS 

LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.  

TERM MINIMUM 5 YEARS 

YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.  

EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE 

PARKING IN DECK AND SURFACE. 

broker
John Fugo

Montgomery Development Carolina

Building 12 #1

  • Space Type Retail
  • Lease Rate $38.50/SF/YR
  • Total Space Available 2,500 SF
  • Floor 1
  • Divisible Space 2,500 - 2,500 SF
  • Available Date TBD
  • Lease Term From 5 Years
  • Renewal Option Yes
  • Sublease No

OCCUPANCY 3-4TH QUARTER 2026

OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS 

LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.  

TERM MINIMUM 5 YEARS 

YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.  

EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE 

PARKING IN DECK AND SURFACE. 

  • Signage Yes
  • Signage Options Building
broker
John Fugo

Montgomery Development Carolina

Building 12 #2

  • Space Type Retail
  • Lease Rate $38.50/SF/YR
  • Total Space Available 2,500 SF
  • Floor 1
  • Divisible Space 2,500 - 2,500 SF
  • Available Date TBD
  • Lease Term From 5 Years
  • Renewal Option Yes
  • Sublease No

OCCUPANCY 3-4TH QUARTER 2026

OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS 

LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.  

TERM MINIMUM 5 YEARS 

YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.  

EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE 

PARKING IN DECK AND SURFACE. 

  • Signage Yes
  • Signage Options Building
broker
John Fugo

Montgomery Development Carolina

Building 12 #3

  • Space Type Retail
  • Lease Rate $38.50/SF/YR
  • Total Space Available 2,500 SF
  • Floor 1
  • Divisible Space 2,500 - 2,500 SF
  • Available Date TBD
  • Lease Term From 5 Years
  • Renewal Option Yes
  • Sublease No

OCCUPANCY 3-4TH QUARTER 2026

OPERATING EXPENSE TO BE PRORATED WITH OTHER COMMERCIAL TENANTS 

LANDLORD BUILDOUT ALLOWANCE 50.00 PER SQ. FT.  

TERM MINIMUM 5 YEARS 

YEARLY ESCALATIONS 2% FOR THE FIRST 2 YEARS, 3% FOR THE BALANCE OF THE LEASE TERM.  

EXTERIOR SIGNAGE AVAILABLE ON BUILDING FAÇADE 

PARKING IN DECK AND SURFACE. 

  • Signage Yes
  • Signage Options Building
broker
John Fugo

Montgomery Development Carolina

Contacts

broker
John Fugo

Montgomery Development Carolina

Building Details

  • For Lease $38.50/SF/YR
  • Property Type Retail
  • Property Size 24,895 SF
  • Lot Size 7.52 Acre
  • Year Built 1998
  • Date Updated Dec 5, 2025

Getting Around

  • Walk Score ®

    Car-Dependent (34)
  • Bike Score ®

    Somewhat Bikeable (22)
Powered by Walk Score ®

Location

  • City Chapel Hill, NC
  • Neighborhood Cole Place
  • Zip Code 27517
  • Market Raleigh Durham

Points of Interest

Kenaco

1.21 miles

Circle K

4.28 miles

Gulf

4.60 miles

Marathon

4.64 miles

Exxon

4.98 miles

Mobil

5.02 miles

Chargepoint

6.56 miles

ChargePoint Charging Station

8.51 miles

EVgo

9.07 miles

Galloway Ridge Resident/Employee Parking

3.59 miles

Jones Ferry Park and Ride Lot

3.86 miles

Cardinal Deck

4.48 miles

Jackson Deck

4.48 miles

Dogwood Deck

4.49 miles

Educational Foundation Parking Deck

4.54 miles

Downtown Public Parking

4.56 miles

Harris Teeter

1.00 miles

Walmart Supercenter

1.04 miles

Food Lion

2.26 miles

Weaver Street Market

2.75 miles

Carr Mill Mall

4.70 miles

Jose Jr. Mexican Store

4.81 miles

Target

4.94 miles

Carrboro Plaza

4.95 miles

UNC Student Stores

5.03 miles

Hwy 15/501 Listing Summary

  • The Price for Retail Space at Hwy 15/501

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. When it comes to Hwy 15/501, asking rent starts at $$38.50/SF/YR per square foot.

    Reach out to the listing broker for information on best parking and other access options at or near the property.

  • Retail Space Options Available at Hwy 15/501

    Mixed-use buildings combining two or more commercial real estate asset types can have more potential in attracting and retaining retail customers. Commercial space at Hwy 15/501 offers 7 retail listing(s) totaling 22,895 square feet. Additionally, available space at this property includes 1 office space(s) totaling 2,000 square feet.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. You will find 7 retail space(s) ranging from 1,000 square feet to 10,000 square feet at Hwy 15/501, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

Contact Listing Broker
broker
John Fugo

Montgomery Development Carolina

  1. 1Main information
  2. 2Extra information
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