Pop-Up Shops at Martin Street is a pop-up retail store program in Downtown Raleigh at 17 E Martin Street. This storefront location is available for pop-up retail tenants looking to share an affordable retail space with other up-and-coming retailers, participate in business counseling, and experience the Downtown Raleigh market.
The goals of the program are to:
Provide affordable retail space in a desirable location within Downtown Raleigh to Minority- and Women-owned businesses
Provide counseling opportunities for tenants to grow their business through StartUp at Wake Tech
Give tenants the opportunity for retail success in a storefront location, further boosting their confidence to sign a long-term lease within Downtown Raleigh
This is an ideal business opportunity if:
You have a retail business that you want to expand to a storefront location in Downtown Raleigh
You only need a small area to operate
You do not currently have a physical storefront location in Raleigh but have been considering opening one
You are welcoming, customer-service oriented, and willing to share space with other businesses
You are motivated and driven to grow your business through the counseling opportunities provided by StartUp at Wake Tech
You are motivated and driven to market and advertise your pop-up to generate sales and foot traffic
You are prepared to submit a business plan (including marketing plan and financial plan)
17 E Martin Street is positioned on a high foot traffic street within the center of Downtown Raleigh. The retail space is 1,230 square feet and boasts floor to ceiling windows for high visibility. It is surrounded by many popular restaurants, residential units, offices, and other nearby retailers.
(Above) Interior images of Pop-Up Shops at Martin Street
Division of space:
The 1,230 square feet of retail space will be subdivided to accommodate two-to-four retail tenants at one time. Tenant floorplans will range from 300 to 600 square feet. Each tenant will sign a lease committing to a specific floor plan and square footage within the space.
Minority- and Women-owned, retail businesses
Food or beverage businesses
Businesses that already have a storefront location in Raleigh
Hours of operation:
Program tenants are required to staff the shop and be open during set regular hours of operation:
Wed - Sat (11am - 7pm)
Sun (11am - 5pm)
*Special, one-off circumstances, emergencies, and certain holidays not withstanding. It may also be permissable, if mutually acceptable, for co-tenants to make joint coverage arrangements for increased flexibility. However, DRA and program partners reserve the right to terminate the lease and program agreements in the event of repeated violation of this hours-of-operation requirement.
The standard, minimum lease is a six-month lease term. There may be the option to extend the initial lease for an additional 6-months, by invitation. We are unable to offer lease terms of less than six months. Note: the exception to the six-month minimum lease term is the five-month lease term from May 2022 to September 2022 after which all leases will be for six months in duration. The lease calendar is as follows:
November 2021 - March 2022 (*5-month lease)
May 2022 - September 2022 (*5-month lease)
October 2022 - March 2023
April 2023 - September 2023
Tenant floor plans range from 300 to 600 square feet with tenant rent set at $10 per square foot per year (paid monthly) with an additional monthly CAM (common area maintenance) fee to cover common utilities. Rent and CAM fee combined will be approximately $400 - $800 per month, depending on the tenant’s square footage within the space. Rent and CAM fee include:
Monitored security system and always-on, remote-access camera
Weekly cleaning service
A two (2) month security deposit is required at the time the lease is signed.
Application timeline and deadline for October 2022 entry into the space to be released soon.
Criteria to apply:
A business tax ID
The business use must be retail
Applicants must complete the application and submit a business plan (including marketing plan and financial plan) by the application deadline
If accepted, tenants are required to do the following:
Commit to a 6-month lease term
Work full-time in their business
Staff the shop and be open during the hours of operation: Wed - Sat (11am - 7pm); Sun (11am - 5pm)
Provide a POS system and be able to process transactions (can be as simple as a mobile-device Square Reader)
Provide retail display infrastructure
Obtain basic business liability and property insurance for the use of the pop-up space
Share a pop-up location with other retail tenants and adhere to the tenant code of conduct agreement
Attend an orientation with Downtown Raleigh Alliance and StartUp at Wake Tech
Schedule and attend one (1) business counseling session per month through StartUp at Wake Tech for the duration of the lease term. Counseling is free and confidential.
Report monthly transaction numbers and sales numbers to Downtown Raleigh Alliance. This information will remain confidential.
While we have made every attempt to ensure that the information contained herein is accurate, Downtown Raleigh Alliance (DRA), StartUp at Wake Tech and LM Restaurants are not responsible for any errors or omissions, or for the results obtained from the use of this information. All information provided herein is provided with no guarantee of completeness, accuracy, or timeliness, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. We strongly recommend you and/or your advisory team perform a thorough review of the included property to determine its compatibility with your real estate goals and specifications. In no event will Downtown Raleigh Alliance (DRA), StartUp at Wake Tech or LM Restaurants, their partners, agents, or employees be liable to you or anyone else for any decision made or action taken in reliance on the information herein.