12965-12989 Us-70 Hwy W
9,600 SF 100% Leased Retail Building Clayton, NC 27520 $2,969,000 ($309/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Part of active retail center
- Located on US 70 Business for high visibility
- Priced for an investor seeking a long term stable return
- Solid and stable tenant mix
- All leases are triple net with exception of ATM lease
EXECUTIVE SUMMARY
This fully leased strip center is located on an outparcel in a retail development along US Hwy 70 Business on the west side of rapidly growing Clayton, NC. US 70 continues to see significant commercial growth from Raleigh to Smithfield. The development is anchored by a Walmart Super Center. Clayton boasts a strong demographic profile, continuing residential growth and along with Johnston County, a strong employer profile with international bio-pharmaceutical companies such as Novo Nordisk and Grifols, and manufacturers like Caterpillar. Despite the growth Clayton continues to retain its small town charm and has a range of outdoor activities and recreation. This prime investment opportunity is part of the expanding Raleigh-Durham region and offers outstanding potential for a Retail/Strip Center investor seeking a chance to tap into a thriving market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,600 SF
Building Class
B
Year Built
2006
Price
$2,969,000
Price Per SF
$309
Cap Rate
6%
NOI
$178,101
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.73 AC
Zoning
B-3 - Provides locations for offices, service uses, and businesses retailing durable and convenience goods for the community as a whole.
Parking
62 Spaces (6.46 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05G02001G | Improvements Assessment | $796,620 |
| Land Assessment | $1,001,260 | Total Assessment | $1,797,880 |
