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Parkway Village 34 Oleander Dr 14,895 SF of Retail Space Available in Clayton, NC 27527
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| - | 14,895 SF | 3-5 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
34 Oleander Dr
Positioned at the entrance of the booming Flowers Plantation master-planned community, this 14,895 SF single-story retail center delivers immediate cash flow with clear value-add potential. Featuring 7 flexible retail suites and 85% occupancy, the property offers excellent visibility along Hwy 42, strong traffic counts, and consistent demand from thousands of nearby residents. Built in 2003, the center provides modern layouts ideal for service, retail, and daily-needs tenants. With current rents sitting below market, investors have a rare opportunity to capture significant upside with minimal risk. The property’s stable ~$215K NOI, combined with exceptional demographics and high household incomes within the rapidly growing Raleigh–Durham MSA, makes this an attractive and sought-after neighborhood retail asset—perfectly positioned for long-term performance and appreciation.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT PARKWAY VILLAGE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Charles P & Jamie N Tyler
- -
- 1
- -
- Little River Clinic Of Chiropractic, Inc., The
- Health Care and Social Assistance
- 1
- -
- Oh Yoga
- Educational Services
- 1
- -
- Parkway Village Shopping Center
- Retailer
- 1
- -
- Revolution Self Defense
- Services
- -
- -
- Woodall Fitness Training
- Fitness
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Charles P & Jamie N Tyler | - | 1 | - |
| Little River Clinic Of Chiropractic, Inc., The | Health Care and Social Assistance | 1 | - |
| Oh Yoga | Educational Services | 1 | - |
| Parkway Village Shopping Center | Retailer | 1 | - |
| Revolution Self Defense | Services | - | - |
| Woodall Fitness Training | Fitness | 1 | - |
PROPERTY FACTS
| Total Space Available | 14,895 SF | Frontage | 200’ on Oleander Dr |
| Center Type | Strip Center | Gross Leasable Area | 14,895 SF |
| Parking | 57 Spaces | Total Land Area | 1.71 AC |
| Stores | 1 | Year Built | 2007 |
| Center Properties | 1 | Cross Streets | Neuse River Pkwy |
| Total Space Available | 14,895 SF |
| Center Type | Strip Center |
| Parking | 57 Spaces |
| Stores | 1 |
| Center Properties | 1 |
| Frontage | 200’ on Oleander Dr |
| Gross Leasable Area | 14,895 SF |
| Total Land Area | 1.71 AC |
| Year Built | 2007 |
| Cross Streets | Neuse River Pkwy |
ABOUT THE PROPERTY
This 14,895 SF retail center was constructed in 2003 and is strategically positioned at the entrance of Flowers Plantation, one of Johnston County’s most vibrant and fastest-growing master-planned communities. The single-story layout features modern storefronts, ample customer parking, and direct visibility to Hwy 42, creating a highly accessible and appealing retail environment. The property’s clean design and functional configuration make it ideal for neighborhood retail, service providers, and specialty uses that thrive in high-demand suburban corridors. Surrounded by strong demographics, high household incomes, and rapid residential expansion, the center benefits from a built-in consumer base that continues to grow year after year. Tenants are supported by consistent traffic, strong visibility, and the property’s placement within the thriving Raleigh–Durham MSA. With its stable tenant mix, high-growth location, and compelling market fundamentals, this retail center stands out as an attractive long-term asset poised to capture ongoing demand and future appreciation.
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NEARBY MAJOR RETAILERS
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Parkway Village | 34 Oleander Dr
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