3921 Western Blvd - Auto Repair FOR SALE


Raleigh, NC 27606- University
$2,325,000 USD
801-438-0018
3921 Western Blvd, Raleigh, NC for Sale
$2,325,000 USD
Auto Repair - FOR SALE
1/22
null | 6.69% Cap Rate

3921 Western Blvd
Raleigh, NC 27606
University


HIGHLIGHTS

  • Corporate Pep Boys net lease
  • 6 lease years remaining | 8% rent increases every 5 years
  • Rent increases to $155,520 Nov. 2026 (6.10% cap rate)
  • 3.5 miles from downtown Raleigh | 0.5 mile from North Carolina Stat University
  • 242,000+ residents and $105,500+ average income within 5 miles
  • Very diverse economy with strong tech sector

OVERVIEW

Sage Capital Partners is pleased to present this Pep Boys investment property located in Raleigh, NC. Constructed in 2015 and remodeled in 2021, Pep Boys operates this location under a 10-year NN corporate lease with 6 years remaining. The lease agreement features 8% rent increases every five years, and three 5-year renewal options. The rent increases from $144,000 to $155,520 in November 2026. This Pep Boys is located in the heart of Raleigh, only 3.5 miles from downtown and just down the street from North Carolina State University. The property is surrounded by a thriving technology sector, many national retailers, and is conveniently accessed from Interstate 440. This location benefits from high AADT of 29,500 on Western Boulevard and over 242,000 residents within 5 miles. Listed in Partnership with: Brian Brockman – Broker Bang Realty-North Carolina Inc License #: 298998

FOR SALE DETAILS

PRICE

$2,325,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pep Boys - Corporate Net Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

CROSS STREETS

Gorman St

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

NB

APN/PARCEL ID

0794.17-10-4309-000

ASK ABOUT THIS PROPERTY

Jared MeyersSage Capital PartnersMore Info
801-438-0018

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Jared MeyersSage Capital PartnersMore Info
801-438-0018

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.