Flowers Plantation Retail Strip Center, Calyton, NC
34 Oleander Dr
Clayton, NC 27527
Highlights
- Immediate Cash Flow + Upside Potential
- Value-Add Without Heavy Development Risk
- Top Growth Location
- 14,895 SF building with 7 units
- Constructed in 2003
- Zoned PUD
- Strategic Raleigh/Durham location
- 85% occupancy
- Under market rents
- High visibility from Hwy 42 East
- Flowers Plantation Location
Description
Welcome to 34 Oleander Drive — a proven neighborhood retail strip center positioned at the front door of Flowers Plantation, one of Johnston County’s largest and most dynamic master-planned communities within the expanding Triangle MSA.
This center delivers immediate income and clear upside. Current NOI is estimated at approximately $215,000 (unverified pending ownership record review), with below-market rents across nearly every suite. Once rents are adjusted to market, NOI is projected to exceed $250,000+, creating a strong value-add story for the next owner.
This is an investor’s kind of opportunity: stable cash flow today, operational upside tomorrow.
Great investment opportunity at the entrance to Flowers Plantation in Parkway Village. With high traffic and visibility from Hwy 42, this strategically positioned property offers a prime location for investors seeking to capitalize on the dynamic Raleigh market. Situated at the gateway to Flowers Plantation, the area boasts a vibrant mix of residential and commercial activity, making it an attractive prospect for retail strip center investors. The property's high visibility and accessibility make it an ideal choice for investors looking to establish a strong presence in this thriving area.
Documents
Offering Memorandum 34 OleanderOffering Memorandum 1 (L)
