1505 Medical Center Dr - Medical FOR SALE


Wilmington, NC 28401- Cape Fear Country Club
$450,000 USD
910-352-7957
1505 Medical Center Dr, Wilmington, NC for Sale
$450,000 USD
Medical - FOR SALE
1/22
null | 6.7% Cap Rate

1505 Medical Center Dr
Wilmington, NC 28401
Cape Fear Country Club


OVERVIEW

Located in a well-positioned commercial corridor of Wilmington, 1505 Medical Center Dr presents a strong investment opportunity with an established long-term tenant already in place. The property is currently leased to Edward Jones – Financial Advisor under a GM lease structure through February 2030, providing steady cash flow with scheduled 3% annual rent increases and a current net income of $30,135.60. Zoned O&I, this asset offers stability with a nationally recognized tenant, a reported 6.5% cap rate, and an additional renewal option in place, making it an attractive option for investors seeking dependable income in a desirable Wilmington location. Buyer to verify lease terms, income figures, and all due diligence items upon review of the lease agreement. Assignment of Contract.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

O&I

APN/PARCEL ID

R06011-002-010-001

ASK ABOUT THIS PROPERTY

Tyler BroughtonProsper Real EstateMore Info
910-352-7957

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Tyler BroughtonProsper Real EstateMore Info
910-352-7957

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