1222 Medical Center Dr - Medical FOR SALE


Wilmington, NC 28401- Cape Fear Country Club
$2,680,000 USD
910-279-3227
1222 Medical Center Dr, Wilmington, NC for Sale
$2,680,000 USD
Medical - FOR SALE
1/3
null | 6.25% Cap Rate

1222 Medical Center Dr
Wilmington, NC 28401
Cape Fear Country Club


HIGHLIGHTS

  • Institutional-grade net lease structure
  • NNN lease eliminates landlord expense exposure
  • Passive ownership profile suitable for 1031 exchange buyers
  • Durable healthcare tenancy
  • On-building and free-standing signage

OVERVIEW

This Offering Memorandum presents an opportunity to acquire a 100%-leased, single-tenant medical office building in the dominant healthcare corridor of Wilmington. The Property is leased to Lumexa Imaging Holdings Inc., a scaled national imaging platform, under a long-term triple net (NNN) lease, providing passive, durable cash flow with contractual growth.

FOR SALE DETAILS

PRICE

$2,680,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

O&I

APN/PARCEL ID

R06010-009-002-000

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 Notice.