Listed by KW Commercial VG Realty
$6,000,000
2.70 Acres | Income-Producing & Redevelopment Opportunity
Details
APN 0786676390 & 0786677550
Property Type Industrial, Land
Sub Type Flex, Restaurant
Square Footage 13,664
NOI $234,026
Tenancy Multi
Brand/Tenant Sherwin-Williams, Pizza Hut
Lease Type NNN
Remaining Term 5
Year Built 1980
Buildings 2
Stories 1
Acreage 2.700
Zoning IX-3-PL
Tenant Credit Corporate Guarantee
2.70 Acres | Income-Producing & Redevelopment Opportunity | National Tenant Anchored
Marketing description
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.
Investment highlights
- 2.70-acre dual-parcel opportunity with flexible purchase options - individual or combined
- Parcel A generates strong income with two national NNN tenants producing $234,026 NOI at a 6.16% cap rate, secured through 2029+
- Parcel B offers redevelopment upside with a 1.726-acre clear-span building ideal for adaptive reuse (retail, restaurant, brewery, flex/industrial)
- Pad-ready site included between parcels for a future 5,000 SF development
- Completed survey recombination with rear easement access, enhancing access and long-term value
Listing Contacts
Listed by KW Commercial VG Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$234,026.00
$19,502.17/mo
Valuation Metrics
0
DSCR
3.9%
Cap Rate
3.9%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
