Listed by Matthews
$2,041,500
Catawba Valley Family Medicine - Hospital Adjacent - NNN
Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 9,920
Net Rentable (SqFt) 9,920
Cap Rate 8.24%
NOI $168,216
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 12
Lease Expiration 08/29/2028
Remaining Term 2.2
Rent Bumps Yes
Lease Options One, 5-Year Option
Price per SqFt $206
Broker Co-Op Yes
Class B
Year Built 1974
Buildings 1
Stories 2
Acreage 1.100
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 08/29/2016
Ground Lease No
Ownership Fee Simple
Hospital Tenant – 8.24% Cap - CPI Increases
Investment highlights
- Stable Asset Class – Healthcare Real Estate holds a strong track record of providing investors with long-term tenancy and insulation from economic headwinds and shifting consumer trends.
- Passive Income – Taxes, insurance, utilities, and routine maintenance are all covered by the tenant under this triple-net lease.
- Growing Rental Rate – Keep up with inflationary pressures with this lease’s rent escalations matching the CPI capped at 4% annually.
- Favorable Return – An 8.24% cap rate is offered for this asset, a unique opportunity to receive such a favorable return starting day one.
- Hospital Tenant – Catawba Valley Medical Center leases this property as an extension of its 50+ locations throughout the region.
- Critical Healthcare Location – This asset sits less than 1,000 feet from the 258-bed, flagship hospital for Catawba Valley Medical Center, an invaluable location for any medical operator or healthcare real estate investor.
- Easy Accessibility – Located roughly one mile from Hwy 40 with ground level entrances, this clinic aligns with patient demands for convenient access.
- Medical Corridor – Numerous medical practices such as dentistry, oral surgery, pediatrics, chiropractic, urgent care, and infectious disease surround the subject property creating the potential for local referrals and location familiarity for patients.
- Sizeable Operator – Catawba Valley Medical Center is the region’s largest not-for-profit health system which had its strongest recent fiscal year in 2025.
- Growing Industry – Family Medicine has seen a strong history of growth, totaling a market size of roughly $281 billion with an expected CAGR of 3.4% over the next ten years.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,216.00
$14,018.00/mo
Valuation Metrics
0
DSCR
8.24%
Cap Rate
8.24%
ROI
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