For Sale
$6,750,000

6425 Glenwood AveRaleigh, NC 27612

Raleigh, NC: 2 National Tenants

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 2.77-acre commercial property in Northwest Raleigh, located on Glenwood Avenue, presents a compelling investment opportunity. The property boasts two established national tenants, Sherwin-Williams and Pizza Hut, operating under NNN leases with corporate guarantees and terms extending to 2029, with renewal options. Sherwin-Williams has occupied its space for over 40 years, demonstrating long-term tenant stability. The property also includes a 5,160 square foot, six-bay mechanic shop, operating for over 55 years (43 years at this location), with potential for continued operation under new ownership. The shop features ample space and a large parking lot, and its fixtures, furniture, and equipment (FFE) may be available for separate purchase. The property's zoning (IX-3) allows for further development, with vacant land between the existing buildings offering the potential for a new 5,000 square foot structure. This prime commercial corridor offers excellent visibility and convenient access to I-440. The two buildings, constructed in 1980, sit on two parcels (APN: 0786676390 & 0786677550) and comprise a total of 5,160 square feet on one story. The asking price is $6,750,000. This property offers a blend of established income and significant development potential, making it an attractive investment in a high-growth area.

Highlights

  • Prime 2.77-acre commercial lot in Northwest Raleigh on Glenwood Avenue.
  • NNN-leased to Sherwin-Williams and Pizza Hut with corporate guarantees, extending to 2029 with options.
  • High-visibility location with excellent I-440 access.
  • Includes a 5,160 SF, six-bay mechanic shop with potential for continued operation; FFE available separately.
  • IX-3 zoning allows for additional 5,000 SF development on vacant land.
  • Ample parking.

Property Details for 6425 Glenwood Ave

Property type
Retail properties, Land
Square Feet
5,160 SF
Year Built
1980
Buildings
2
Stories
1
Lot Size (sq. ft)
120,661 SF

Location Insight

City
Raleigh
County
Wake
State
North Carolina
Latitude
35.8577021
Longitude
-78.7073855
6425 Glenwood Ave, Raleigh, North Carolina

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6425 Glenwood Ave
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