Medical Condo For Sale

Medical Condo For Sale

2076 NC Hwy 42 BUS | West Clayton, NC 27520

CityPlat is pleased to present the opportunity to acquire Medical Office Condo (Suite 230) located at 2076 NC Highway 42 West, Clayton, NC 27520 in Johnston County. This A-Class Building was constructed in 2009 and current zoning is Medical Condo. The property is suited for a host of professional and healthcare related service organizations.

The building is adjacent to Johnson Medical Center, just off Highway 70. Johnston Regional Airport (JNX) is only 10.5 miles away. Similar establishments, retail centers, restaurants and other amenities are within short driving distance. This superb location benefits from pedestrian traffic, great visibility and $96K+ Household Revenue within a 1-mile radius. Suite 230 is located on the second floor and it is 3,026 SQFT. With professional management already in place, this NNN asset provides investors with long-term passive cash flow, ensured by credit-worthy parent companies. It’s a rare find due to few commercial properties available within the area as a result of rapid and significant development.

Clayton Is Very Well Positioned. 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 Trail. Clayton is a wonderful place to visit.

Tenant Info

  • Second floor | Suite 230
  • Tenant | VAIDYA MD PLLC
  • Tenant has been here since 2011
  • Lease runs through 6/30/2022 + 1 year option
  • 3% escalator throughout
  • Tenant’s rent is $24.78/sqft or $75,000/yr NNN on 3,026 sqft of space

Key Offering Highlights

  • Medical Office Space
  • Adjacent to Johnston Medical Center
  • Located just off Hwy 70
  • 3,026 SQFT
  • FOR SALE | $1,000,000
  • CAP RATE | 7.5%
  • NOI | $75,000