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 primary commercial corridor that connects downtown Raleigh to the Cary submarket. The property is positioned near the North Carolina State University campus and the surrounding residential neighborhoods. This area is characterized by a high volume of vehicular traffic and is served by several GoRaleigh bus routes. Nearby amenities include various established shopping centers, fast-casual dining options, and local service providers catering to the student population and long-term residents. The property is suited for retail or service-oriented businesses seeking visibility within a high-traffic urban environment. Ideal use cases include convenience retail, specialty food and beverage outlets, or professional services such as insurance or tax offices. The typical tenant profile includes local entrepreneurs or regional franchises looking to leverage the proximity to a major university and the steady consumer base provided by the dense surrounding commuter and residential population.

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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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