12011 US Highway 70 Business - Storefront FOR SALE


Clayton, NC 27520
$5,154,783 USD
202-847-4200
12011 US Highway 70 Business, Clayton, NC for Sale
$5,154,783 USD
Storefront - FOR SALE
1/5
null | 5.75% Cap Rate

12011 US Highway 70 Business
Clayton, NC 27520


HIGHLIGHTS

  • New Construction - Long Term Leases
  • Attractive Rent Increases
  • Dynamic Corporate Tenants
  • Minimal Landlord Responsibilities
  • Strategic Retail Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a new construction, two-tenant plaza located at 12011 US Highway 70 Business W in Clayton, North Carolina (the “Property”). The build to suit, two-tenant plaza is improved with Heartland Dental and TD Bank and contains 6,393 square feet. Heartland Dental and TD Bank executed 10-year Double Net (NN) Leases, Heartland Dental’s lease has three (3), 5-year renewal options, and TD Bank’s lease has four (4), 5-year renewal options. Both leases feature attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. The plaza is currently under construction and both tenants have an anticipated rent commencement date of June 1, 2025. The new construction Plaza is well-located along US Highway 70 Business W, the area’s primary commercial and commuter corridor. The Property is positioned in the heart of a large commercial cluster and is surrounded by new construction retailers and restaurants, as well as new residential developments, all of which drive traffic to the area and provide a built-in customer base. The Property offers convenient access to NC Route 42 and Interstates 40 and 42, as well as to Johnston Health (Hospital and Medical Center), area schools, and the area’s largest employers (Novo Nordisk and Grifols).

FOR SALE DETAILS

PRICE

$5,154,783 USD

PRICE/SF

$806 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TD Bank - Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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