The Plaza at Park 51
Plaza at Park 51 | 6.15% CAP | Medical Office Investment
Marketing description
Redevelopment – down-to-the-studs renovation of 58,483 SF, creating modern medical office space for long-term tenancy
Hospital-Adjacent / On-Campus – 170 yards from Atrium Health Pineville, a 235-bed regional hospital, capturing referral-driven patient traffic and physician demand
Hospital Grade Anchor Tenant – Tryon Medical Partners occupies 42% of the building, providing stable, credit-backed income
NNN Lease Structure – minimal landlord responsibilities, ensuring predictable cash flow
Built-In Income Growth – annual rent increases during base and option periods provide an inflation hedge and long-term NOI growth
Prime South Charlotte Location – immediate access to Interstate 485, North Carolina Highway 51, and Park Road, serving a large, affluent population
Retail Synergy – adjacent to Aldi and Cook Out, enhancing convenience for patients, staff, and visitors
Investment highlights
Redevelopment – down-to-the-studs renovation of 58,483 SF, creating modern medical office space for long-term tenancy
Hospital-Adjacent / On-Campus – 170 yards from Atrium Health Pineville, a 235-bed regional hospital, capturing referral-driven patient traffic and physician demand
Hospital Grade Anchor Tenant – Tryon Medical Partners occupies 42% of the building, providing stable, credit-backed income
NNN Lease Structure – minimal landlord responsibilities, ensuring predictable cash flow
Built-In Income Growth – annual rent increases during base and option periods provide an inflation hedge and long-term NOI growth
Prime South Charlotte Location – immediate access to Interstate 485, North Carolina Highway 51, and Park Road, serving a large, affluent population
Retail Synergy – adjacent to Aldi and Cook Out, enhancing convenience for patients, staff, and visitors
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
