Free-Standing Building in Prime Clayton Location

Free-Standing Building in Prime Clayton Location

315 W Main St | Clayton, NC 27520

CityPlat is pleased to present an Office/Mixed-Use property located at 315 West Main Street in Clayton, NC 27520 in Johnston County. It is in a pinnacle location of downtown Clayton on main street. This historic barn was constructed in 1951 and renovated in 2009, with commercial zoning. The property is currently occupied by J & D Sprinkler Co (NNN tenant).

This building features 2 bathrooms (separate for men and women), 17,860 SF lot, and 5,280 SF of space. There are 14 free parking spaces available on site. Parking ratio is 2.44/1,000 SF. The property comes with one loading dock. Improvements include renovated roof, HVAC units and interior upgrades.

Similar establishments, retail centers, restaurants and other amenities are within a short walk. This superb location benefits from pedestrian traffic, great visibility, signage and $58,370K+ Household Revenue within a 3-mile radius. The traffic count is 4,963 VPD. It’s a rare find due to the limited number of commercial properties available within Clayton’s downtown. This is a result of the rapid and significant development transpiring in the area.

Geographically, Clayton is very well positioned in the Triangle. It is home to some of the world’s largest companies (Grifols, Novo Nordisk, Caterpillar, and more). Strategically located less than 20 miles from Raleigh, 30 miles from the RDU airport, and 33 miles from the Research Triangle Park, Clayton, NC is in western Johnston County (part of the Research Triangle Region) with close proximity to I-40, US 70, NC 42, and the future I-540 and I-42. Clayton is also close to both North Carolina beaches and mountains and sits on the Mountains-to-Sea Trail.

The Town of Clayton is one of the fastest growing cities in the Research Triangle Park Region in North Carolina. Downtown is charming and flush with a variety of destination shops, dining, arts, and the center piece, The Clayton Center Performing Arts venue. Outside of downtown, three golfing communities and recreational opportunities like the new Clayton River Walk on the Neuse, which is part of the state-wide Mountain to the Sea.

Key Offering Highlights

  • Class C Flex Building
  • Price is $1.2M
  • NNN Tenant
  • Leased to J&D Sprinkler
  • Established Business & Tenant for 25+ years
  • Lease expires 8/31/2024
  • Leaseback with 2.5% Escalation Clause in place
  • Cap Rate is 8%
  • Pinnacle Location in Downtown Clayton
  • Signage
  • 0.41-acre lot
  • 5,726 SF
  • Built in 1951
  • One Loading Dock
  • Heating Type: HEAT PUMP
  • Cooling Type: CENTRAL
  • Asphalt Roof
  • Original Barn Wood used as Antique Reclaimed baseboards
  • 2 Separate Bathrooms for men and women
  • Renovated roof, HVAC units & interior upgrades
  • Parking ratio is 2.44/1,000 SF
  • Traffic count is 4,963 VPD
  • Low crime and natural disaster risk
  • RDU International Airport is 30 miles away
  • For Sale for $1.2M
  • CAP Rate | 7.6%
  • 2020 NOI | $91,200