Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center
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Property Management Company
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Financial Advisor
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Shopping Center & Mall
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Financial Advisor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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