0.986 AC Prime NNN Investment Opportunity |… — Sale in Raleigh, NC

  • Price: $3.5M
  • Listing type: For sale
  • Asset type: Business
  • Location: Raleigh, NC 27612
  • Size: 8,504 SF
  • Year built: 1980

Investment Figures

Cap rate
6.16%
Price per square foot
$412

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Building SF: 8504 | Land Size: 0.986 Ac | Year Built: 1980 | Listing Type: FOR SALE

Market Context

This commercial property in Raleigh, NC is listed for sale at $3,500,000 across 8,504 SF ($412/SF). It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1980. It has been on the market for 70 days. Compare it against other commercial property listings for sale in Raleigh, NC — view the full market.

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