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    6425 Glenwood Ave Raleigh, NC 27612

    Sponsored
    For Sale
    $6,750,000

    Raleigh, NC: 2 National Tenants

    Property size:
    5,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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.

    Property Features for 6425 Glenwood Ave

    General Information

    Property type
    Restaurants
    Square Feet
    5,160 SF
    Lot Size
    120,661 SF

    Building Details

    Year Built
    1980
    Buildings
    2
    Stories
    1

    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 Profile Location Intelligence

    Current Use by Public Records

    Triangle Car Care Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7073855
    Latitude
    35.8577021

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    FAQs

    What type of property is this?
    Restaurant - Raleigh, NC: 2 National Tenants
    Where is this restaurant located?
    The property is located at 6425 Glenwood Ave Raleigh, NC.
    What is the asking price?
    The asking price for this property is $6,750,000.
    What are key features of this property?
    This property features: 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.
    Request Owner's contact information
    6425 Glenwood Ave Raleigh, NC 27612
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    Raleigh, NC 27612
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6425 Glenwood Ave Raleigh, NC 27612
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