0.986 AC Prime NNN Investment Opportunity
0.986 AC Prime NNN Investment Opportunity | Sherwin-Williams & Godfather’s Pizza
Marketing description
A rare opportunity to acquire a stabilized NNN investment in Raleigh’s premier Glenwood Ave corridor with immediate access to I-440. The property is leased to national tenants Sherwin-Williams and Godfather’s Pizza on market-rate NNN leases, providing passive income.
With an NOI of $234,026 and a 6.16% cap rate, the asset delivers strong in-place cash flow. One lease is newly signed, while the other runs through 2029 with renewal options, ensuring long-term stability.
The adjacent Parcel B (6425 Glenwood Ave), totaling 1.726 acres, is also available with significant redevelopment potential. Survey recombination is completed, and parcels can be purchased individually or together,creating a compelling, time-sensitive investment opportunity.
Investment highlights
Stabilized NNN Asset: Sherwin-Williams & Godfather’s Pizza on long-term leases
Strong Income: $234,026 NOI at a 6.16% cap rate
Prime Location: High-visibility Glenwood Ave corridor near I-440
Redevelopment Upside: 1.726-acre adjacent Parcel B available
Flexible Sale: Survey recombination completed; buy individually or together
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