Current Use by Public Records
- Lifestyle centers
Property Details for 12989 Hwy Bus
- Year built
- 2006
- Lot size
- 1.73 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clayton
- County
- Johnston
- State
- North Carolina
- Longitude
- -78.4985
- Latitude
- 35.665
