1107 Erwin Rd - Assisted Livings FOR SALE


Dunn, NC 28334
$599,000 USD
919-230-1525
1107 Erwin Rd, Dunn, NC for Sale
$599,000 USD
Assisted Livings - FOR SALE
1/14
null | Request Cap Rate

1107 Erwin Rd
Dunn, NC 28334


OVERVIEW

Contact Michelle 919-230-1525 or MJ 910-890-0353 for details and showings. This turnkey investment opportunity in the heart of Dunn's established medical corridor will provide immediate and growing cash flow from day one. Offering includes two buildings plus two outbuildings situated on a combined 1.92 acres across adjacent parcels. A brand new 3-year lease extends through June 2029 plus renewal options. Current rent is $4,500/month with annual 3% escalations. The long-term tenant operates an Adult Day Care and Family Care Home -- stable, need-driven uses -- and pays all utilities plus some maintenance, keeping operating expenses lean for the owner. Contact the listing agent for complete lease terms and documentation. Zoned Office & Institutional within the City of Dunn just around the corner from Betsy Johnson Harnett Health Hospital and numerous medical practices that continue to attract healthcare-related users -- a natural fit for the current tenancy and future demand. For lease terms, financials, and showing inquiries, contact the listing agent. Confidentiality Agreement required to release lease terms. Do not disturb tenant. Contact listing agent for all inquiries and showing.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunn Adult/Family Care Home

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Continuing Care Retirement Com

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,514 SF

ZONING

R10

APN/PARCEL ID

021506 0094 01

ASK ABOUT THIS PROPERTY

Michelle WaiteC21 CommercialMore Info
919-230-1525

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Michelle WaiteC21 CommercialMore Info
919-230-1525

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