$3,500,000 USD
510-684-0574
1480 Rymco Dr
Winston-Salem, NC 27103
S Downtown Winston-Salem
HIGHLIGHTS
- Stable Long-Term Leases: One tenant has just signed a new 10-year lease, while the other tenant will be signing a new 10-year lease
- Attractive Rental Increases: The leases include a 3% annual rental increase, ensuring consistent revenue growth and protection against inflation
- Strategic Medical Hub: The property is located just 1.5 miles from Novant Health Medical Center
- Convenient Highway Access: Proximity to major highways, specifically Interstate 40 and US Highway 421
- Robust Retail Environment: The property is surrounded by over 1 million square feet of national retail tenants
- Lease Options: Tenants have two, 5-year renewal options, allowing for continued occupancy & stability in cash flow beyond the initial lease term
FOR SALE DETAILS
PRICE
$3,500,000 USD
PRICE/SF
$547 USD /SF
CAP RATE
7.06%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Winston Salem Dental Sale Leaseback
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
GO-S
APN/PARCEL ID
6814-18-7270
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510-684-0574
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510-684-0574
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