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33845045
33845051

2 Locations

Lee & Associates - Charlotte
RB
CA CA 01826517
Lee & Associates San Diego - Carlsbad
Listed by Lee & Associates - Charlotte, Lee & Associates San Diego - Carlsbad
$5,350,000
2 days on market
Updated 2 days ago

North Carolina Medical Portfolio | 100% Leased

Details
APN 38472 / 51187
Property Type Office
Sub Type Medical Office
Cap Rate 7.87%
NOI $421,228
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Remaining Term 6.4
Rent Bumps Yes
Lease Options None
Price per SqFt $422
Broker Co-Op True
Buildings 2
Acreage 0.97 - 2
Investment Type Net Lease
Ownership Fee Simple
Sale Condition 1031 exchange

STNL Medical Portfolio | 100% Leased | North Carolina

Marketing description

Lee & Associates is pleased to present the exclusive opportunity to acquire the North Carolina Medical Portfolio, a 100% leased, fee simple medical office investment consisting of two outpatient healthcare properties in Jacksonville and Kinston, North Carolina. The portfolio is fully occupied by E.S.I. Investments, LLC and operated by Atlantic Medical Group affiliates, including specialty medical, ambulatory surgery, and veterans healthcare services. Built in 2012 and 2014, the properties are strategically positioned within established healthcare corridors and benefit from long-term absolute NNN lease structures with minimal landlord responsibilities and annual contractual rent increases.

The portfolio is anchored by mission-critical healthcare facilities that provide gastroenterology, ambulatory surgery, urology, and veterans healthcare services throughout Eastern North Carolina. Both locations are situated near major healthcare providers, with the Jacksonville property located less than one mile from Onslow Memorial Hospital and the Kinston property positioned less than one mile from UNC Health Lenoir. The healthcare-focused tenancy benefits from substantial tenant investment, specialized medical buildouts, and recurring patient demand, creating a durable operating platform supported by established patient bases and long-standing community presence. The combination of private practice healthcare providers, UNC Health affiliation, and government-related healthcare services provides diversified and stable income characteristics.

Located within growing regional healthcare markets, the portfolio offers investors stable cash flow generated by long-term leases extending through October 2032 with built-in 3% annual rent escalations. Jacksonville continues to benefit from the economic strength and population growth generated by Camp Lejeune and Marine Corps Air Station New River, while Kinston serves as a regional healthcare and commercial hub supported by UNC Health Lenoir and proximity to the North Carolina Global TransPark.

Investment highlights

  • Strategic Healthcare Portfolio with UNC Health Affiliation – Strong Resiliency due to Recurring Patient Demand – 100% Leased and Occupied by Established Medical Operators
  • Long-Term Net Leases with Built-In Rent Growth – Long-Term Lease Commitments with Remaining Terms Extending through 2032 – Annual Rental Increases
  • Mission-Critical Medical Facilities – Specialty Medical Services Including gastroenterology, Ambulatory Surgery, Veterans Healthcare, and Urology
  • Proximity to Major Regional Health Systems – Jacksonville Property is Less than One Mile from Onslow Memorial Hospital – Kinston Property is Less than One Mile from UNC Health Lenoir – Both Locations are Near Major Hospitals
  • Diversified Healthcare Tenancy with Strong Operating Histories – Longstanding Occupancy – Established Patient Bases

Listing Contacts

Lee & Associates - Charlotte
RB
CA CA 01826517
Lee & Associates San Diego - Carlsbad
Listed by Lee & Associates - Charlotte, Lee & Associates San Diego - Carlsbad

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$421,228.00
$35,102.33/mo

Valuation Metrics

0
DSCR
7.87%
Cap Rate
7.87%
ROI

Map

Zoning

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O-I MixedMixed UseOffice And Institutional
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Last updated May 14, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Benjamin Bivens, CCIM
License
252681
Brokerage
Lee & Associates Charlotte
Brokerage Phone
7043136869
Title
Director - Healthcare Real Estate Services
Brokerage Address
4600 Park Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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