6429 Glenwood Ave - Freestanding FOR SALE


Raleigh, NC 27612- Crabtree Valley
$3,800,000 USD
919-475-5769
6429 Glenwood Ave, Raleigh, NC for Sale
$3,800,000 USD
Freestanding - FOR SALE
1/5
null | 6.16% Cap Rate

6429 Glenwood Ave
Raleigh, NC 27612
Crabtree Valley


HIGHLIGHTS

  • Prime Glenwood Avenue Frontage: High-traffic location in Northwest Raleigh with maximum visibility.
  • Long-Term National Tenants: One tenant on-site for 40+ years; both on NNN leases.
  • Stable In-Place Income: Reliable cash flow with pro-rata share of approx. $234,026.68/year NOI.
  • Lease Security: One lease just signed, the other runs through 2029 with renewal options.
  • Buyer Due Diligence: Subdivision, survey, and access verification required.

OVERVIEW

This prime commercial asset offers exceptional frontage on Glenwood Avenue, anchored by two national tenants, including one with over 40 years at this location. Both tenants are on market-rate NNN leases, with one just signed and the other secured through 2029 with renewal options, delivering immediate income and long-term upside. New tenant, Godfather’s Pizza, recently signed a brand-new 7-year NNN lease. The property features versatile space and ample parking. NOI includes a pro-rata share of approx. $234,.026.68/year. Buyer responsible for subdivision, survey, and confirming ingress/egress access. Rare, high-demand corridor. Rare offering. Act fast.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$447 USD /SF

CAP RATE

6.16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin Williams & Godfather's Pizza Parcel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

IX-3

APN/PARCEL ID

0786.07-67-7550-000

ASK ABOUT THIS PROPERTY

Vandan Gandhi, CCIMKW CommercialMore Info
919-475-5769

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Vandan Gandhi, CCIMKW CommercialMore Info
919-475-5769

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