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Sherwin Williams & Godfather's Pizza Parcel 6429 Glenwood Ave 8,504 SF 100% Leased Retail Building Raleigh, NC 27612 $3,800,000 ($446.85/SF) 6.16% Cap Rate
Investment Highlights
- Prime Glenwood Avenue Frontage: High-traffic location in Northwest Raleigh with maximum visibility.
- Stable In-Place Income: Reliable cash flow with pro-rata share of approx. $234,026.68/year NOI.
- Buyer Due Diligence: Subdivision, survey, and access verification required.
- Long-Term National Tenants: One tenant on-site for 40+ years; both on NNN leases.
- Lease Security: One lease just signed, the other runs through 2029 with renewal options.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,504 SF
Building Class
C
Year Built
1983
Price
$3,800,000
Price Per SF
$446.85
Cap Rate
6.16%
NOI
$234,027
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.33
Lot Size
0.60 AC
Zoning
IX-3 - Industrial Mixed Use
Parking
73 Spaces (8.58 Spaces per 1,000 SF Leased)
Frontage
164’ on Pleasant Valley Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0786.07-67-7550-000 | Improvements Assessment | $1,339,562 |
| Land Assessment | $523,765 | Total Assessment | $1,863,327 |
Property Taxes
Parcel Number
0786.07-67-7550-000
Land Assessment
$523,765
Improvements Assessment
$1,339,562
Total Assessment
$1,863,327
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Sherwin Williams & Godfather's Pizza Parcel | 6429 Glenwood Ave
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