1781 METROMEDICAL DR, FAYETTEVILLE, NC 28304-3862 For Sale

Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire 1767 & 1781 Metromedical Drive in Fayetteville, North Carolina, a 40,816- square-foot hospital adjacent ambulatory surgery center and medical office investment strategically located within one of southeastern North Carolina's premier healthcare corridors. The property is 100% leased to Cape Fear Valley Health, the region's dominant healthcare provider, providing stable in-place income with contractual rental growth through multiple renewal options.

The property is home to Fayetteville Ambulatory Surgery Center, a critical outpatient surgical facility within the Cape Fear Valley Health network. Originally established in 1981 as one of the nation's first freestanding ambulatory surgery centers, the facility features 11 operating rooms, a dedicated Recovery Care Center, and serves a broad network of physician specialists. The current lease includes four successive six-month renewal options, each with a 5% contractual rent increase, and Cape Fear Valley Health has already exercised the first extension through January 31, 2027.

Positioned immediately adjacent to Cape Fear Valley Medical Center, the property benefits from its location within Fayetteville's premier medical corridor, surrounded by physician offices, specialty clinics, imaging providers, pharmacies, and complementary healthcare services. This established healthcare ecosystem reinforces the property's long-term strategic importance and supports continued demand for outpatient medical space.

Originally constructed in 1981 and expanded in 1987, the asset was renovated in 2002 and 2009 and consists of 23,810 square feet on the main level, 5,465 square feet on the second floor, and an 11,541 square-foot climate-controlled lower level, approximately half of which is improved office space with the balance dedicated to conditioned storage. The facility is fully heated and cooled and includes two backup generators, ensuring operational continuity for surgical procedures. The property has benefited from significant recent capital improvements, including a new shingle roof (2020), replacement of the boiler and associated piping by the tenant (2024), and replacement of the building's main water and sewer service lines by the landlord (2024), minimizing near-term capital expenditure requirements.

Home to Fort Bragg, one of the world's largest military installations, Fayetteville continues to experience steady population and economic growth, supporting long-term healthcare demand. Backed by a dominant regional health system, an irreplaceable hospital-adjacent location, and continued investment in the facility, 1767 & 1781 Metromedical Drive presents a compelling opportunity to acquire a well-positioned healthcare asset with stable cash flow and contractual rental growth.