Listed by Cushman & Wakefield
$2,199,000
2900 Kidd Rd
Details
Property Type Office
Sub Type Medical Office
Square Footage 10,067
Net Rentable (SqFt) 10,067
Cap Rate 6.82%
NOI $150,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 4.9
Lease Expiration 01/31/2030
Remaining Term 3.6
Rent Bumps Yes
Lease Options One, 5-year Renewal
Price per SqFt $218
Class A
Year Built 2009
Buildings 1
Stories 2
Acreage 0.930
Zoning OX-3-CU
Parking Spaces 23 spaces
Parking Per SqFt 2.28
Investment Type Net Lease
Lease Commencement 03/25/2025
Occupancy Date 03/25/2025
Ground Lease No
Sale Condition 1031 exchange
Single Tenant NNN Medical Office | 6.82% CAP | 10,067 SF
Marketing description
10,067 SF single-tenant NNN medical office with just under 5 years of term remaining in the WakeMed Raleigh micro market. Leased to a regional behavioral health services provider with multiple locations in North Carolina. Mark to market opportunity once the current term expires.
Investment highlights
Sub-$3m price. Rare for a single tenant NNN investment
3% annual increases
One 5-year renewal option
2009 construction with minimal Landlord responsibilities
Adjacent to WakeMed Raleigh and multiple healthcare providers
Excellent tenant with strong likelihood of renewal
Listing Contacts
Listed by Cushman & Wakefield
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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$150,000.00
$12,500.00/mo
Valuation Metrics
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DSCR
6.82%
Cap Rate
6.82%
ROI
Map
Zoning
OX-3-CU MixedMixed UseOffice Mixed Use Conditional Zoning District
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View all 90 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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