1202 Medical Center Dr - Hospitals FOR SALE


Wilmington, NC 28401- Cape Fear Country Club
$11,850,000 USD
910-279-3227
1202 Medical Center Dr, Wilmington, NC for Sale
$11,850,000 USD
Hospitals - FOR SALE
1/9
null | Request Cap Rate

1202 Medical Center Dr
Wilmington, NC 28401
Cape Fear Country Club


HIGHLIGHTS

  • Located in high growth population area
  • Stabilized cashflow through leaseback
  • Located in premier healthcare corridor

OVERVIEW

1202 Medical Center Drive FOR SALE | SALE-LEASEBACK OPPORTUNITY 1202 Medical Center Drive | Wilmington, NC 28401 ________________________________________ 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. ________________________________________ 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 ________________________________________ 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. ________________________________________ 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. #saleleaseback#incomeproperty#Medicaloffice#medical

FOR SALE DETAILS

PRICE

$11,850,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

320

LAND DETAILS

LAND ACRES

6.3 AC

LAND SF

274,428 SF

ZONING

-

APN/PARCEL ID

R06010-008-017-000,R06010-009-004-000

ASK ABOUT THIS PROPERTY

Steve HallBlue Coast CommercialMore Info
910-279-3227

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Steve HallBlue Coast CommercialMore Info
910-279-3227

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