1202 Medical Center Drive
FOR SALE | SALE-LEASEBACK OPPORTUNITY
1202 Medical Center Drive | Wilmington, NC 28401
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Flagship Medical Facility in Prime Healthcare Corridor
1202 Medical Center Drive presents a rare opportunity to acquire a ±66,164 RSF medical office building located in Wilmington’s most established and sought-after medical district.
Wilmington Health, the region’s leading healthcare provider, will complete a sale-leaseback on the building as they transition select services to The Pointe at Barclay. The remaining space offers exceptional upside for additional medical tenancy in a high-demand submarket.
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Investment Highlights
• Total Building Size: ±66,164 RSF (3 floors)
• In-Place Tenant: Wilmington Health (sale-leaseback at closing)
• Parking: Ample on-site parking for staff and patients
• Infrastructure: Robust power & medical-ready buildout
• Lease Structure: Triple Net
• Cap Rate / Pro Forma: Available upon request
• Zoning: O&I
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Location Advantages
• Located in Wilmington’s premier healthcare corridor
• Adjacent to Novant Health New Hanover Regional Medical Center, one of the largest and busiest hospitals in the region.
• Minutes from Wrightsville Beach, Landfall Submarket, and many other residential communities, along with multiple commercial development zones.
• Excellent access via 17th Street, Independence Blvd, & Carolina Beach Road
• Located in a high-growth population corridor, with increasing demand for healthcare services fueled by both aging demographics and continued residential and economic growth in New Hanover, Brunswick, and surrounding counties.
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Investment Strength
• Stabilized cash flow through leaseback with a creditworthy medical tenant
• Ideal for investors seeking medical office stability and long-term upside
• Located in one of the fastest-growing coastal regions in the Southeast
Don’t miss this rare opportunity to acquire a highly visible medical office building in one of the most dynamic healthcare corridors in coastal North Carolina — with a long-term leaseback from an established medical practice.
For More Information, please contact the Listing Broker.
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