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6425 & 6429 Glenwood Ave 2 Retail Properties Offered at $6,000,000 in Raleigh, NC
Investment Highlights
- 2.70-acre dual-parcel opportunity with flexible purchase options - individual or combined
- Parcel B offers redevelopment upside with a 1.726-acre clear-span building ideal for adaptive reuse (retail, restaurant, brewery, flex/industrial)
- Completed survey recombination with rear easement access, enhancing access and long-term value
- Parcel A generates strong income with two national NNN tenants producing $234,026 NOI at a 6.16% cap rate, secured through 2029+
- Pad-ready site included between parcels for a future 5,000 SF development
Executive Summary
Exceptional 2.70-acre (117,667 SF) offering along high-traffic Glenwood Avenue, combining stable income with strong redevelopment upside.
Parcel A (6429 Glenwood Ave) sits on 0.986 acres and is offered at $3,500,000, featuring two national tenants: Sherwin-Williams and Godfather’s Pizza, on NNN leases generating $234,026 NOI at a 6.16% cap rate, with one lease recently executed and the other secured through 2029 with renewal options.
Parcel B (6425 Glenwood Ave) sits on 1.726 acres and is priced at $2,500,000, offering significant redevelopment potential with a clear-span structure ideal for adaptive reuse including retail, restaurant, brewery, furniture showroom, or flex/industrial space with 5 bays.
The property also includes a pad-ready site between the parcels for a future 5,000 SF development, along with a rear easement that enhances access and long-term value. Survey Recombination is completed, and parcels may be purchased individually or together, creating a rare opportunity for both immediate income and substantial upside.
Parcel A (6429 Glenwood Ave) sits on 0.986 acres and is offered at $3,500,000, featuring two national tenants: Sherwin-Williams and Godfather’s Pizza, on NNN leases generating $234,026 NOI at a 6.16% cap rate, with one lease recently executed and the other secured through 2029 with renewal options.
Parcel B (6425 Glenwood Ave) sits on 1.726 acres and is priced at $2,500,000, offering significant redevelopment potential with a clear-span structure ideal for adaptive reuse including retail, restaurant, brewery, furniture showroom, or flex/industrial space with 5 bays.
The property also includes a pad-ready site between the parcels for a future 5,000 SF development, along with a rear easement that enhances access and long-term value. Survey Recombination is completed, and parcels may be purchased individually or together, creating a rare opportunity for both immediate income and substantial upside.
Property Facts
| Price | $6,000,000 | Number of Properties | 2 |
| Price / SF | $439.11 / SF | Individually For Sale | 2 |
| Sale Type | Investment NNN | Total Building Size | 13,664 SF |
| Status | Active | Total Land Area | 2.71 AC |
| Price | $6,000,000 |
| Price / SF | $439.11 / SF |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 13,664 SF |
| Total Land Area | 2.71 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 6429 Glenwood Ave, Raleigh, NC 27612 | Retail | 8,504 SF | 1983 | $3,500,000 |
| 6425 Glenwood Ave, Raleigh, NC 27612 | Retail | 5,160 SF | 1980 | $2,500,000 |
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6425 & 6429 Glenwood Ave
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