11618 Hwy 70 E - Medical FOR SALE


Clayton, NC 27520
$6,500,000 USD
919-618-3026
11618 Hwy 70 E, Clayton, NC for Sale
$6,500,000 USD
Medical - FOR SALE
1/8
null | 7% Cap Rate

11618 Hwy 70 E
Clayton, NC 27520


HIGHLIGHTS

  • Well-Maintained Medical Office Building Built in 2003 with a TPO roof warranted through 2037. HVAC Replaced in 2020.
  • Generous Parking & Visibility Sits on 4.03 acres along high-traffic US Business Highway 70.
  • Functional Multi-Tenant Layout 31,330 SF across two stories with 15,665 SF floorplates.

OVERVIEW

Clayton Summit presents a compelling fully-leased medical office investment opportunity in one of the Southeast's fastest-growing suburban markets. Offered at $6,500,000 (7.00% cap rate) with an estimated NOI of $455,146, the 31,330 SF two-story building sits on 4.03 acres along high-traffic US Business Highway 70, approximately 14 miles from Downtown Raleigh. The property is 100% occupied by a diversified mix of eight medical and professional tenants — anchored by a federally-backed VA Clinic (11,855 SF, lease through 2035) — providing immediate, stable cash flow with a weighted average lease term of nearly six years. The NNN rent roll generates $548,580 in base rent at an average of $17.15 PSF, with annual escalations ranging from 2.0%–3.0% across all leases. Built in 2003 with a TPO roof warranted through 2037, as well as the HVAC having been replaced in 2020. The asset requires minimal near-term capital expenditure. Clayton's surging population growth (3.82% annually), the landmark $4.1B Novo Nordisk campus investment, and sustained demand for healthcare services all support strong long-term occupancy fundamentals for this well-positioned asset.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clayton Summit Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

208

LAND DETAILS

LAND ACRES

4.03 AC

LAND SF

175,547 SF

ZONING

B-3

APN/PARCEL ID

05026095C

ASK ABOUT THIS PROPERTY

Dylan Heafner, CCIM, SIORRich Commercial RealtyMore Info
919-618-3026

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Dylan Heafner, CCIM, SIORRich Commercial RealtyMore Info
919-618-3026

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.