Retail Business for Sale in Chapel Hill, NC

  • Price: $5M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chapel Hill, NC 27514

Description

109-117 E Franklin Street CBRE’s National Retail Partners is pleased to offer 109-117 East Franklin Street located in Chapel Hill, North Carolina. The property represents a unique opportunity to invest in the town of Chapel Hill, along its most iconic thoroughfare. Historic Franklin Street is considered the center of social life for the University of North Carolina, as well as the town of Chapel Hill. The offering is comprised of two buildings totaling 13,507 square feet, occupied by a fine collection of local tenants that cater to the surrounding community. Chapel Hill is home to University of North Carolina at Chapel Hill with over 30,000 students and UNC Medical Center serving over 37,000 people per year.

Market Context

This retail in Chapel Hill, NC is listed for sale at $5,000,000. It has been on the market for 164 days. Compare it against other retail listings for sale in Chapel Hill, NC — <a href="/search/sale/retail/north-carolina/chapel-hill">view the full market</a>.

As of Q1 2025, the Raleigh retail market showed a 21.0% vacancy rate, average asking rents near $38.19/SF/yr, rents up 3.1% year over year, and cap rates around 5.9%. Source: Consensus Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Raleigh?
About 5.9% as of Q1 2025, per Consensus.
Is the Raleigh retail market tightening or softening?
Vacancy is around 21.0%, with asking rents rising year over year (Q1 2025).

Unified Estimate

Medium Confidence

$10.94/SF – $14.80/SF

Mid: $12.87/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

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