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11618 Hwy 70 E
Clayton, NC 27520
Clayton Summit Medical Center · Office Property For Sale
Investment Highlights
- Well-Maintained Medical Office Building Built in 2003 with a TPO roof warranted through 2037.
- 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, 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
A
Year Built
2003
Price
$8,905,000 CAD
Price Per SF
$284.23 CAD
Cap Rate
7%
NOI
$623,550 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,665 SF
Slab To Slab
14’
Building FAR
0.18
Lot Size
4.03 AC
Zoning
B-3 - Zoning: B-3 — Highway Business
Parking
320 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Signage
Property Taxes
| Parcel Number | 05026095C | Improvements Assessment | $3,884,334 CAD |
| Land Assessment | $3,449,208 CAD | Total Assessment | $7,333,542 CAD |
Property Taxes
Parcel Number
05026095C
Land Assessment
$3,449,208 CAD
Improvements Assessment
$3,884,334 CAD
Total Assessment
$7,333,542 CAD
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