1001 Innovation Way - Medical FOR SALE


Kinston, NC 28504
$2,235,000 USD
303-475-2335
1001 Innovation Way, Kinston, NC for Sale
$2,235,000 USD
Medical - FOR SALE
1/4
null | 7.01% Cap Rate

1001 Innovation Way
Kinston, NC 28504


HIGHLIGHTS

  • Single-Tenant Net Leased Dental Office Located in Kinston North Carolina
  • Long Historical Occupancy of Eskra Plastic Surgery
  • 10-Year Absolute Net Lease | 3.0% Annual Escalations | Personal Guarantee
  • Rare Opportunity to Acquire Fully Stabilized Medical Office Building in Kinston NC
  • 6,959 Square-Feet of Fully Clinical Buildout | 1.83 Acres
  • Fully Operational Operating Room

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in the medical office property located at 1001 Innovation Way, Kinston, NC. This single- tenant medical building is 100% occupied by a well-established behavioral health provider, offering immediate and secure in-place income. Purpose-built for medical use, the facility features modern construction, ample parking, and strong visibility within a regional healthcare corridor. The asset is ideally situated near UNC Lenoir Health Care and other key medical facilities, benefiting from consistent referral traffic and long-term demand for outpatient services. Kinston, North Carolina is a growing community supported by healthcare, education, and advanced manufacturing. The city has received targeted investment in recent years, including healthcare infrastructure improvements and regional workforce development initiatives. As demand for behavioral and outpatient medical services continues to grow nationwide, this property stands out as a resilient investment with a credit-worthy tenant, strategic location, and alignment with long-term demographic and healthcare trends in eastern North Carolina.

FOR SALE DETAILS

PRICE

$2,235,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

O & I

APN/PARCEL ID

359504628996

ASK ABOUT THIS PROPERTY

CJ WilsonMarcus & MillichapMore Info
303-475-2335

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CJ WilsonMarcus & MillichapMore Info
303-475-2335

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.