101 Virginia Ave - Medical FOR SALE
Wilmington, NC 28401 |
101 Virginia Ave
Wilmington, NC 28401
HIGHLIGHTS
- Behavioral Health Clinic – Healthcare Real Estate tends to offer a secure income with a tenant type that is resilient against economic adversity.
- This asset provides for a ‘hands off’ investment with a NNN lease, allowing for predictable income safeguarded from increased expenses.
- Ground-level medical offices allow patients who may be elderly, injured, or disabled to access the facility easily.
- Growing Income – A future owner may benefit from the rare 3% rental increases included in this lease
- Wilmington, NC – As one of the top 3 largest coastal cities in North Carolina
- Tight Market – Wilmington holds an impressive 1.6% vacancy with the submarket of the subject property being at 0%.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Cross River Therapy | 15 Yr NNN MOB | 7% Cap
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Freestanding, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
10000
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
46
LAND DETAILS
LAND ACRES
0.9 AC AC
LAND SF
39,204 SF
ZONING
-
APN/PARCEL ID
R06013-012-002-000
