5003 Falls Of Neuse Rd, Raleigh, NC 27609
This exceptional retail and restaurant opportunity, Quail Corners Phase I & II, presents 82,463 square feet of space at 5003 Falls of Neuse Rd, Raleigh, NC 27609. Located at the intersection of Millbrook and Falls of Neuse Roads, this two-story, 1969-built shopping center boasts high visibility and excellent traffic counts. The property offers a diverse tenant mix, including established businesses like The Butcher’s Market, Big Ed’s, Cristo’s, Burrito Shak, and Juice Keys. Currently, there are 21 available spaces ranging from 663 to 3,800 contiguous square feet, with a total of 28,739 square feet currently vacant. This presents a unique chance to acquire space in a thriving North Raleigh location, benefiting from the area's robust growth and strong demographics. The minimum divisible space is 663 square feet, making it suitable for a variety of retail and restaurant concepts. The center is situated in Wake County and offers a prime opportunity for investors seeking a well-established property with significant upside potential in a high-demand market. The property's strategic location and established tenant base provide a solid foundation for future growth and profitability. This is an excellent opportunity to establish or expand your business in a bustling retail environment.
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YoBa Studio (QC) - Yoga, Barre, Strength & Cardio Gym & Fitness Center
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Quail Properties, Inc. Property Management Company
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Edward Jones - Financial Advisor: Michael A Minotti, CFP® Financial Advisor
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Quail Corners Shopping Center Shopping Center & Mall
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Edward Jones - Financial Advisor: Brooks Andrews Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.