Listed by KW Commercial VG Realty
$1,135,872
Renovated Medical Office | 10-Year Lease | 2% Annual
Details
Property Type Office
Sub Type Medical Office
Square Footage 3,886
Net Rentable (SqFt) 3,886
Units 26
Cap Rate 6.55%
NOI $74,388
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 10
Remaining Term 5.7
Rent Bumps Yes
Price per SqFt $292
Class B
Year Built 2005
Year Renovated 2020
Buildings 1
Acreage 0.800
Zoning C2
Parking Spaces 26 spaces
Parking per 1,000 SqFt 6.69
Investment Type Net Lease
Renovated Single-Tenant Medical Office | 10-Year Lease (2022) | 2% Annual Escalations | Eastern NC
Marketing description
A fully renovated, 3,886 SF single-tenant medical office on US-64 East, purpose-built with exam rooms, nurse's station, and staff breakroom. Secured by a 10-year healthcare lease signed in 2022 with 2% annual rent escalations, generating $74,388 NOI with minimal landlord obligations. Situated in a federally designated Opportunity Zone with direct highway visibility, 26 dedicated parking spaces, and zero near-term rollover risk. A stabilized, low-management asset in eastern North Carolina's primary healthcare corridor.
Investment highlights
- 10-Year NNN Lease (2022) - Healthcare tenant locked through 2032 with 2% annual rent bumps built in
- $74,388 NOI | 6.55% Cap Rate - Immediate, stabilized income with zero management burden
- Purpose-Built Medical Buildout - Exam rooms, nurse's station, breakroom; high tenant replacement cost
- US-64 Frontage | 13,500+ AADT - Prime highway visibility in eastern NC's main healthcare corridor
- Opportunity Zone Designated - Potential capital gains tax deferral for eligible investors
Listing Contacts
Listed by KW Commercial VG Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,388.00
$6,199.00/mo
Valuation Metrics
0
DSCR
6.55%
Cap Rate
6.55%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
