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Clayton Summit Medical Center 11618 Hwy 70 E 31,330 SF 100% Leased Office Building Clayton, NC 27520 $6,500,000 ($207.47/SF) 7% Cap Rate
Investment Highlights
- Well-Maintained Medical Office Building Built in 2003 with a TPO roof warranted through 2037. HVAC Replaced in 2020.
- Functional Multi-Tenant Layout 31,330 SF across two stories with 15,665 SF floorplates.
- Generous Parking & Visibility Sits on 4.03 acres along high-traffic US Business Highway 70.
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
31,330 SF
Building Class
B
Year Built
2003
Price
$6,500,000
Price Per SF
$207.47
Cap Rate
7%
NOI
$455,146
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,665 SF
Building FAR
0.18
Lot Size
4.03 AC
Zoning
B-3 - Zoning: B-3 — Highway Business
Parking
208 Spaces (6.64 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Signage
1 1
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 05026095C | Improvements Assessment | $2,835,280 |
| Land Assessment | $2,517,670 | Total Assessment | $5,352,950 |
Property Taxes
Parcel Number
05026095C
Land Assessment
$2,517,670
Improvements Assessment
$2,835,280
Total Assessment
$5,352,950
Contacts
-
Dylan Heafner, CCIM, SIOR -
Sam DiFranco CCIM, SIOR -
Conley Moretz -
Rich Commercial Realty
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Clayton Summit Medical Center | 11618 Hwy 70 E
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