Raleigh Portfolio of properties for Sale - Glenwood/Creedmoor
Exceptional 2.70-acre (117,667 SF) offering along high-traffic Glenwood Avenue, combining stable income with strong redevelopment upside.
Parcel A (6429 Glenwood Ave) sits on 0.986 acres and is offered at $3,500,000, featuring two national tenants: Sherwin-Williams and Godfather’s Pizza, on NNN leases generating $234,026 NOI at a 6.16% cap rate, with one lease recently executed and the other secured through 2029 with renewal options.
Parcel B (6425 Glenwood Ave) sits on 1.726 acres and is priced at $2,500,000, offering significant redevelopment potential with a clear-span structure ideal for adaptive reuse including retail, restaurant, brewery, furniture showroom, or flex/industrial space with 5 bays.
The property also includes a pad-ready site between the parcels for a future 5,000 SF development, along with a rear easement that enhances access and long-term value. Survey Recombination is completed, and parcels may be purchased individually or together, creating a rare opportunity for both immediate income and substantial upside.