Freestanding Single-Tenant
For Sale
Contact for pricing
5521 Western Blvd, Raleigh, NC 27606
Single-occupant building with extended lease term and documented annual rent increases.
Property SizeContact for details
Days on Market142
Property Features for 5521 Western Blvd
General Information
Standard status
Active
Property subtype
Retail
Net Operating Income
$101,377
Additional Details
Cap Rate
6.5%
Building Details
Tenancy
Single
Listing Agency:
Coldwell Banker Advantage
Listed By:
Scott Hurst · License #NC 257013
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 1:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Advantage
Investment Insights
Based on property information with market context.
This freestanding storefront property is occupied by a single tenant under a lease extension running through January 31, 2030. Contractual rent increases of 3% annually provide a defined lease schedule for the remaining term.
The lease structure limits landlord building responsibilities to the roof and structural components. A new transferable 20-year roof warranty is available. The landlord is also responsible for property taxes and building insurance, with the current NOI after those expenses reported at $101,377 and a 6.50% cap rate.
The lease structure limits landlord building responsibilities to the roof and structural components. A new transferable 20-year roof warranty is available. The landlord is also responsible for property taxes and building insurance, with the current NOI after those expenses reported at $101,377 and a 6.50% cap rate.
Key Highlights
- Single‑tenant freestanding storefront building
- Lease extension runs through 1/31/30
- 3% annual rental increases
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27606, NC
48,343
Population
22,199
Households
2.2
Avg Household Size
29
Median Age
59%
College-Educated
93%
High-School Grad
24.5 sq mi
ZIP Area
1,973
Density / Sq Mi
$75,640
Median Household Income
$40,950
Median Earnings
$1,369
Median Rent
$423,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-occupant building with extended lease term and documented annual rent increases.
Where is this storefront property located?
The property is located at 5521 Western Blvd Raleigh, NC.
What are key features of this property?
This property features: Single‑tenant freestanding storefront building; Lease extension runs through 1/31/30; 3% annual rental increases
