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Retail and Office Spaces Available
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5003 Falls of Neuse Road & 1200 E Millbrook Road, Raleigh, NC 27609

Retail and office spaces for lease in North Raleigh.

Space Size646 SF - 3,106 SF
Property Size82,463 SF
Days on Market256

Property Features for 5003 Falls of Neuse Road & 1200 E Millbrook Road

General Information

Standard status Active
Size 646 SF - 3,106 SF
Property subtype Retail

Building Details

Building Size 82,463 SF
Year Built 1969

Spaces For Lease

at 5003 Falls of Neuse Road & 1200 E Millbrook Road Contact us

Phase I Suite 15

Size
2,133 SF
Term
Negotiable
Rate
Contact for pricing
Contact us

Phase II 100

Size
3,106 SF
Term
Negotiable
Rate
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Contact us

Phase II 114

Size
2,358 SF
Term
Negotiable
Rate
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Phase II 200

Size
1,098 SF
Term
Negotiable
Rate
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Phase II 206

Size
748 SF
Term
Negotiable
Rate
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Phase II 210

Size
935 SF
Term
Negotiable
Rate
Contact for pricing
Contact us

Phase II 211

Size
1,339 SF
Term
Negotiable
Rate
Contact for pricing
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Phase II 212

Size
646 SF
Term
Negotiable
Rate
Contact for pricing
Contact us

Phase II 214

Size
900 SF
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Lee & Associates | Raleigh
Listed By: Chip Lanier
Source: Lee-associates
Added: Nov 26, 2025 Changed: Aug 8 Last Checked: Aug 9 at 5:02AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Raleigh

Investment Insights

Based on property information with market context.

Located at the intersection of Falls of Neuse Road and E. Millbrook Road, this property is part of the booming North Raleigh area. It features a mix of restaurants, retailers, and service uses. The property is highly visible to traffic on both Millbrook and Falls of Neuse Roads. Phase I includes Suite 14, a 2,186-square-foot, 2nd Generation restaurant, and Suite 15, which offers 2,133 square feet. Phase II offers 1st Floor retail spaces ranging from 1,025 to 12,203 square feet and 2nd Floor office spaces ranging from 659 to 7,355 square feet. The property is anchored by The Butcher’s Market, with co-tenants including Big Ed's, Cristo's, Burrito Shak, and Juice Keys.

Key Highlights

  • Located at the HIGH‑TRAFFIC intersection of Falls of Neuse Road and E. Millbrook Road.
  • Anchored by The Butcher’s Market with established co‑tenants (Big Ed's, Cristo's, Burrito Shak, and Juice Keys).
  • Part of the booming North Raleigh area.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Real Estate Agency Law Firm Big Box & Wholesale Store HVAC Service Restaurant

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

756
Businesses Nearby
Well-served
Demand for This Use

Demographics for 27609, NC

36,218
Population
19,740
Households
1.8
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
3,323
Density / Sq Mi
$81,538
Median Household Income
$53,670
Median Earnings
$1,393
Median Rent
$441,100
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Shopping center - Retail and office spaces for lease in North Raleigh.
Where is this shopping center located?
The property is located at 5003 Falls of Neuse Road & 1200 E Millbrook Road Raleigh, NC.
What are key features of this property?
This property features: Located at the HIGH‑TRAFFIC intersection of Falls of Neuse Road and E. Millbrook Road.; Anchored by The Butcher’s Market with established co‑tenants (Big Ed's, Cristo's, Burrito Shak, and Juice Keys).; Part of the booming North Raleigh area.
More about this property
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