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Spring Forest Square 3 5440 Atlantic Springs Rd 2,048 SF of Retail Space Available in Raleigh, NC 27616
Highlights
- Rare flex and retail availability within a high-traffic North Raleigh trade area.
- Adjacent to new multifamily development supporting growing customer demand.
- Strong demographic profile with affluent households and a rising daytime population.
- Positioned between I-440 and I-540 offering strong regional access.
- Surrounded by established national and regional shopping centers throughout Midtown and North Raleigh.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 111 | 2,048 SF | Negotiable | $18.50 /SF/YR $1.54 /SF/MO $37,888 /YR $3,157 /MO | Triple Net (NNN) |
1st Floor, Ste 111
Spring Forest Square delivers a prime retail/flex opportunity along the dynamic Atlantic Avenue Corridor in North Raleigh. Positioned between I-440 and I-540, the property enjoys exceptional connectivity to regional thoroughfares, making it convenient for customers and distributors alike. The center is located within the competitive North Raleigh Midtown market, offering proximity to strong residential density, a thriving employment base, and robust retail trade areas. Daily traffic counts of approximately 28,000 CPD at Atlantic and Spring Forest enhance visibility for tenants, fostering steady customer engagement. Directly across the property, new multifamily developments are underway, further enriching the consumer base and market potential. The surrounding area includes a mix of established retailers, service businesses, and lifestyle destinations, creating cross-shopping opportunities and synergy for tenants seeking a well-located position in a growing corridor. This space is ideal for businesses requiring flexible layouts and accessibility, with a strong pedestrian and vehicular presence. Tenants benefit from professional property management and a setting that supports retail, service, or light showroom concepts.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Spring Forest Square 3
- Tenant
- Description
- US Locations
- Reach
- Amazing Cutz
- Salon/Barber/Spa
- 1
- Local
- ASAF Academy
- Other Services
- 1
- Local
- Hometown Martial Arts
- Arts, Entertainment, and Recreation
- 1
- -
- Lagos Supermarket
- Supermarket
- 1
- Local
- Mias International Salon
- Salon/Barber/Spa
- 1
- Local
- North Carolina Progress Remodeling LLC
- Real Estate
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Amazing Cutz | Salon/Barber/Spa | 1 | Local |
| ASAF Academy | Other Services | 1 | Local |
| Hometown Martial Arts | Arts, Entertainment, and Recreation | 1 | - |
| Lagos Supermarket | Supermarket | 1 | Local |
| Mias International Salon | Salon/Barber/Spa | 1 | Local |
| North Carolina Progress Remodeling LLC | Real Estate | 1 | Local |
Property Facts
| Total Space Available | 2,048 SF | Total Land Area | 1.78 AC |
| Property Type | Retail | Year Built | 1995 |
| Property Subtype | Storefront | Parking Ratio | 4.56/1,000 SF |
| Gross Leasable Area | 19,552 SF |
| Total Space Available | 2,048 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 19,552 SF |
| Total Land Area | 1.78 AC |
| Year Built | 1995 |
| Parking Ratio | 4.56/1,000 SF |
About the Property
Spring Forest Square presents an exceptional opportunity to lease space within one of North Raleigh’s most active and rapidly strengthening commercial corridors. Positioned along Atlantic Avenue between I-440 and I-540, the center sits at the heart of a thriving retail and service hub that continues to experience high demand driven by robust residential growth, new multifamily projects directly across the street, and sustained traffic counts of approximately 28,000 cars per day. This location provides businesses with visibility, steady customer flow, and seamless regional connectivity. The surrounding trade area includes major retail anchors, neighborhood shopping centers, and high-performing commercial districts that serve the expansive North Raleigh and Midtown communities. Tenants at Spring Forest Square benefit from a diverse mix of co-tenants, including salons, specialty food operators, professional service providers, and fitness and lifestyle concepts. This established ecosystem creates natural cross-shopping and supports both daily-needs consumers and destination-driven traffic. Raleigh’s strong demographic profile further reinforces the value of the location, with a one-mile average household income exceeding $100,000 and a daytime population that continues to climb. National rankings consistently highlight Raleigh as one of the country’s fastest-growing and most livable metro areas, signaling a long-term, stable environment for business expansion and customer acquisition. Suite 109 within Building 5440 offers rare availability in a corridor where vacancy remains limited. The configuration is ideal for retail, boutique fitness, personal services, or flex-use concepts seeking a strategic foothold in one of Raleigh’s most dynamic submarkets. With direct access to thoroughfares, proximity to major employment clusters, and the energy of surrounding redevelopment, Spring Forest Square is an opportunity positioned for long-term success.
- Signage
Nearby Major Retailers
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Spring Forest Square 3 | 5440 Atlantic Springs Rd
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