Available For Sale - Retail

5,160 SF | Show Pricing $

LISTED BY

Vandan Gandhi CCIM
Van Gandhi - Durham Southpoint, 919-475-5769

AVAILABILITY DETAILS

Size
5,160 SF
Price/SF
Show Pricing $
Listing ID
SA551463
Notes
This prime 2.77-acre property in Northwest Raleigh offers excellent visibility and accessibility.



It features two national tenants, Sherwin-Williams and Pizza Hut. Sherwin-Williams has been in place for over 40 years. These tenants are paying market rents on NNN leases. Tenants have current leases which are up in 2029, but with options to renew.



The property also includes a 5,000 sq. ft. 6-bay mechanic shop, which has been in business for over 55 years (43 years at this location). Though the current owner will vacate, employees are interested in staying on, making for a seamless transition. The meticulously maintained shop offers ample space and a huge parking lot, with the business and FFE potentially available for separate purchase.



Additionally, the property presents a valuable opportunity for further development. There is vacant land between the mechanic shop and the Sherwin-Williams building, ideal for a new 5,000 sq. ft. building. This development potential offers ample space for expansion or new ventures, enhancing the property's overall appeal.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Vandan Gandhi CCIM, Van Gandhi - Durham Southpoint
BRE# 247850