6425 & 6429 Glenwood Ave Retail FOR SALE


Raleigh, NC - Crabtree Valley
$5,999,000 USD
919-475-5769
, Raleigh, NC for Sale
$5,999,000 USD
Retail - FOR SALE
1/26
null | 3.9% Cap Rate

6425 & 6429 Glenwood Ave
Raleigh, NC
Crabtree Valley


HIGHLIGHTS

  • Prime Location: 2.77-acre site on high-traffic Glenwood Avenue.
  • Tenant Parcel - $3.8M: Sherwin-Williams & Godfather’s Pizza on NNN leases with approx. $234K NOI (6.16% cap).
  • Mechanic Shop - $3M: 5,000 SF, 6-bay shop with 44-year history; ideal for owner-user or redevelopment.
  • Full Site: Both parcels available together for added value and flexibility.
  • Development Opportunity: Pad-ready space for new 5,000 SF structure.
  • Future Potential: Rear easement allows for added access and redevelopment.

OVERVIEW

This high-visibility 2.77-acre site on Glenwood Avenue features two national tenants, Sherwin-Williams and Godfather’s Pizza, on market-rate NNN leases. One lease is newly signed, while the other is secured through 2029 with renewal options, providing stable in-place income. Investors can acquire this tenant-occupied parcel for $3,800,000, which generates approximately $234K NOI, reflecting a 6.16% cap rate. The adjacent parcel includes a 5,000 SF, 6-bay auto repair shop with a 44-year operating history, offering strong potential for owner-operators or redevelopment. This parcel is also available for $3,000,000. Both parcels can be purchased together, creating a rare opportunity for investors seeking income, flexibility, and long-term upside in a high-growth corridor. A pad-ready vacant parcel between the two buildings is primed for the development of a new 5,000 SF structure. A rear easement further enhances access and opens up future redevelopment options. The seller is open to a reasonable due diligence period. Properties with this combination of frontage, income, and expansion potential in the Glenwood Corridor are rarely available. Act quickly, this asset won’t stay on the market for long.

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.