6425 & 6429 Glenwood Ave 2 Retail Properties Offered at $8,305,616 CAD in Raleigh, NC

This high-visibility 2.77-acre site on Glenwood Avenue features two national tenants, Sherwin-Williams and Godfather’s Pizza, on market-rate NNN leases. One lease is newly signed, while the other is secured through 2029 with renewal options, providing stable in-place income. Investors can acquire this tenant-occupied parcel for $3,800,000, which generates approximately $234K NOI, reflecting a 6.16% cap rate.
The adjacent parcel includes a 5,000 SF, 6-bay auto repair shop with a 44-year operating history, offering strong potential for owner-operators or redevelopment. This parcel is also available for $3,000,000. Both parcels can be purchased together, creating a rare opportunity for investors seeking income, flexibility, and long-term upside in a high-growth corridor.
A pad-ready vacant parcel between the two buildings is primed for the development of a new 5,000 SF structure. A rear easement further enhances access and opens up future redevelopment options. The seller is open to a reasonable due diligence period. Properties with this combination of frontage, income, and expansion potential in the Glenwood Corridor are rarely available. Act quickly, this asset won’t stay on the market for long.