Listing Agency: Property Resources Group Raleigh

Listed By: Will Sossaman · License #NC 331979

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 12:03PM

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Investment Insights

Based on property information with market context.

This neighborhood retail center is occupied by seven tenants and features a diversified operating mix that includes medical, restaurant, and service-oriented businesses. The property is structured as an NNN investment, providing a defined lease framework for the tenancy.

The center fronts Spring Forest Road at 2900 Spring Forest Road in Raleigh, North Carolina. Its tenant mix combines healthcare-related occupancy with food service and other commercial services, supporting a range of everyday neighborhood-oriented uses.

Key Highlights

• Seven tenants occupy the neighborhood retail center
• Medical tenancy anchors the property
• Restaurant and service‑oriented tenants provide a diversified commercial mix

Property Analytics

Property Profile

Current Use

Terrance Palmer - The Razor ... Barber Shop David's Hair Design Hair Salon Stromboli's Express Restaurant Healthy Spring Forest Restaurant Barbelt Warriors Academy ... Sports School

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Dental Office Hotel & Motel (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,368

Businesses Nearby

Explore this area Business Placement

Demographics for 27616, NC

56,941

Population

24,282

Households

2.3

Avg Household Size

34

Median Age

43%

College-Educated

91%

High-School Grad

22.5 sq mi

ZIP Area

2,531

Density / Sq Mi

$81,534

Median Household Income

$41,601

Median Earnings

$1,514

Median Rent

$314,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - Seven tenants represent medical, restaurant, and service-oriented commercial uses.

Where is this strip mall located?

The property is located at 2900 Spring Forest Road Raleigh, NC.

What are key features of this property?

This property features: Seven tenants occupy the neighborhood retail center; Medical tenancy anchors the property; Restaurant and service‑oriented tenants provide a diversified commercial mix