ECU Pediatric Specialty Care Leased Medical Office Building
Office | 11,441 SqFt
Marketing description
This single-tenant medical investment property is located in the heart of Greenville’s established medical district, offering a stable, long-term income opportunity. The property is fully leased to ECU Pediatric Specialty Care, a division of East Carolina University operating on behalf of the State of North Carolina, ensuring a strong credit-backed tenancy. The tenant has occupied the building since 2005 and recently extended its commitment, with the current lease expiring December 31, 2031.
The offering provides an attractive net operating income of $225,137 with annual rent escalations of 3%, creating predictable cash flow and built-in growth. The property sits on approximately 1.24 acres and features a well-maintained medical office facility with a standing seam metal roof. Landlord responsibilities include property taxes, insurance, and common area maintenance, while the tenant handles utilities and janitorial services.
Located in close proximity to ECU Health Medical Center and the Brody School of Medicine, the property benefits from strong demand drivers and proximity to a dense network of medical professionals. Greenville’s growing population and its role as a regional healthcare hub further enhance the long-term investment appeal of this asset.
Investment highlights
This single-tenant medical investment property is located in the heart of Greenville’s established medical district, offering a stable, long-term income opportunity. The property is fully leased to ECU Pediatric Specialty Care, a division of East Carolina University operating on behalf of the State of North Carolina, ensuring a strong credit-backed tenancy. The tenant has occupied the building since 2005 and recently extended its commitment, with the current lease expiring December 31, 2031.
The offering provides an attractive net operating income of $225,137 with annual rent escalations of 3%, creating predictable cash flow and built-in growth. The property sits on approximately 1.24 acres and features a well-maintained medical office facility with a standing seam metal roof. Landlord responsibilities include property taxes, insurance, and common area maintenance, while the tenant handles utilities and janitorial services.
Located in close proximity to ECU Health Medical Center and the Brody School of Medicine, the property benefits from strong demand drivers and proximity to a dense network of medical professionals. Greenville’s growing population and its role as a regional healthcare hub further enhance the long-term investment appeal of this asset.
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