For Sale
$2,969,000

12989 Hwy Bus Clayton, NC 27520

High-Yield Retail Investment: 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 9,600 square foot shopping center in Clayton, NC, presents a compelling investment opportunity. Located on 1.73 acres at 12989 US 70 Hwy Bus W, this fully leased, single-building property boasts a 100% occupancy rate with four tenants. The property features 62 parking spaces and benefits from a prime location in a rapidly growing area, anchored by a Walmart Supercenter. Built in 2006, the center is zoned B-3 and offers a strong net operating income (NOI) of $178,101, resulting in a 6.00% capitalization rate. The asking price is $2,969,000, translating to $309.27 per square foot. All leases are triple net, except for one ATM lease, providing a stable and predictable income stream. The property's strategic location along US Highway 70 Business ensures high visibility and accessibility. Clayton's robust economic growth, fueled by major employers like Novo Nordisk and Caterpillar, makes this a highly desirable investment in the expanding Raleigh-Durham region. This stabilized investment offers a long-term, secure return for the discerning investor seeking a presence in a thriving market with a small-town charm.

Highlights

  • 9,600 SF shopping center in Clayton, NC, fully leased with 100% occupancy.
  • Prime location on US Hwy 70 Bus W, anchored by Walmart.
  • Strong NOI of $178,101 and 6.00% cap rate; asking price $2,969,000 ($309.27/SF).
  • Triple-net leases (except one ATM lease) provide stable income.
  • Excellent long-term investment opportunity in a rapidly growing area.

Property Details for 12989 Hwy Bus

Property type
Lifestyle centers, Power centers
Square Feet
9,600 SF
Year Built
2006
Buildings
1
Lot Size (sq. ft)
75,359 SF

Location Insight

City
Clayton
County
Johnston
State
North Carolina
Latitude
35.664992090803
Longitude
-78.498497531638

FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Investment: 6% Cap Rate
Where is the lifestyle center located?
The property is located at 12989 Hwy Bus Clayton, NC.
What is the asking price?
The asking price for this property is $2,969,000.
What are key features of this property?
This property features: 9,600 SF shopping center in Clayton, NC, fully leased with 100% occupancy.; Prime location on US Hwy 70 Bus W, anchored by Walmart.; Strong NOI of $178,101 and 6.00% cap rate; asking price $2,969,000 ($309.27/SF).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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12989 Hwy Bus
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