Property profile

5003 Falls Of Neuse Rd Raleigh, NC 27609

OFF-MARKET
Lifestyle centers
82,463 SF Built 1969
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Property summary

AI-generated overview

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

Verified
Property type Lifestyle centers
Year built 1969
Total area 82,463 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Property Management Company
  • Financial Advisor
  • Shopping Center & Mall
  • Financial Advisor

Location

5003 Falls Of Neuse Rd Raleigh, NC 27609
Raleigh metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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