3921 Western Blvd

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3921 Western Blvd

Raleigh, NC 27606
Asking Price
$2.30M
Asset Type
Retail
Class
Class B

What's Special

3921 Western Blvd is located in West Raleigh, situated along a high-traffic commercial corridor connecting downtown Raleigh to Cary. The property is positioned less than two miles from North Carolina State University and the Pullen Park area. The immediate neighborhood features a mix of established residential pockets, student housing complexes, and neighborhood-serving retail centers. Access to the site is supported by proximity to the I-440 Beltline and multiple GoRaleigh bus stops positioned along Western Boulevard, facilitating transit for local commuters and the university population. The property is suited for retail or service-oriented businesses seeking visibility within a dense academic and residential hub. Ideal use cases include quick-service restaurants, convenience retail, or specialty fitness studios that cater to the local student demographic and nearby workforce. Typical tenants for this location include national franchises, regional service providers, or independent retailers aiming to benefit from the consistent daily vehicle counts. The zoning and surrounding density support businesses that rely on both foot traffic from adjacent housing and commuter access.

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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.20%
Monthly Payment
$11,379.145
Annual Cash Flow
$-56,549.741

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