6429 Glenwood Ave - Freestanding FOR SALE


Raleigh, NC 27612- Crabtree Valley
$3,500,000 USD
919-475-5769
6429 Glenwood Ave, Raleigh, NC for Sale
$3,500,000 USD
Freestanding - FOR SALE
1/5
null | 6.69% Cap Rate

6429 Glenwood Ave
Raleigh, NC 27612
Crabtree Valley


HIGHLIGHTS

  • Stabilized NNN Asset: Sherwin-Williams & Godfather’s Pizza on long-term leases
  • Strong Income: $234,026 NOI at a 6.16% cap rate
  • Prime Location: High-visibility Glenwood Ave corridor near I-440
  • Redevelopment Upside: 1.726-acre adjacent Parcel B available
  • Flexible Sale: Survey recombination completed; buy individually or together

OVERVIEW

A rare opportunity to acquire a stabilized NNN investment in Raleigh’s premier Glenwood Ave corridor with immediate access to I-440. The property is leased to national tenants Sherwin-Williams and Godfather’s Pizza on market-rate NNN leases, providing passive income. With an NOI of $234,026 and a 6.16% cap rate, the asset delivers strong in-place cash flow. One lease is newly signed, while the other runs through 2029 with renewal options, ensuring long-term stability. The adjacent Parcel B (6425 Glenwood Ave), totaling 1.726 acres, is also available with significant redevelopment potential. Survey recombination is completed, and parcels can be purchased individually or together,creating a compelling, time-sensitive investment opportunity.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$412 USD /SF

CAP RATE

6.69%

% 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

0.98 AC

LAND SF

42,689 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 Notice.