1767 & 1781 Metromedical Dr - Medical FOR SALE


Fayetteville, NC 28304- Terry Sanford
$8,000,000 USD
717-514-6390
1767 & 1781 Metromedical Dr, Fayetteville, NC for Sale
$8,000,000 USD
Medical - FOR SALE
1/30
null | 10.1% Cap Rate

1767 & 1781 Metromedical Dr
Fayetteville, NC 28304
Terry Sanford


HIGHLIGHTS

  • 100% leased to Cape Fear Valley Health, the region's dominant healthcare system - Fayetteville Ambulatory Surgery Center
  • Mission-critical outpatient surgical facility featuring 11 operating rooms, a dedicated Recovery Care Center
  • Contractual rental growth with four successive six-month renewal options, each featuring 5% rent escalations
  • First lease extension already exercised through January 31, 2027

OVERVIEW

Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire 1767 & 1781 Metromedical Drive in Fayetteville, North Carolina, a 40,816- square-foot hospital adjacent ambulatory surgery center and medical office investment strategically located within one of southeastern North Carolina's premier healthcare corridors. The property is 100% leased to Cape Fear Valley Health, the region's dominant healthcare provider, providing stable in-place income with contractual rental growth through multiple renewal options. The property is home to Fayetteville Ambulatory Surgery Center, a critical outpatient surgical facility within the Cape Fear Valley Health network. Originally established in 1981 as one of the nation's first freestanding ambulatory surgery centers, the facility features 11 operating rooms, a dedicated Recovery Care Center, and serves a broad network of physician specialists. The current lease includes four successive six-month renewal options, each with a 5% contractual rent increase, and Cape Fear Valley Health has already exercised the first extension through January 31, 2027. Positioned immediately adjacent to Cape Fear Valley Medical Center, the property benefits from its location within Fayetteville's premier medical corridor, surrounded by physician offices, specialty clinics, imaging providers, pharmacies, and complementary healthcare services. This established healthcare ecosystem reinforces the property's long-term strategic importance and supports continued demand for outpatient medical space. Originally constructed in 1981 and expanded in 1987, the asset was renovated in 2002 and 2009 and consists of 23,810 square feet on the main level, 5,465 square feet on the second floor, and an 11,541-square-foot climate-controlled lower level, approximately half of which is improved office space with the balance dedicated to conditioned storage. The facility is fully heated and cooled and includes two backup generators, ensuring operational continuity for surgical procedures. The property has benefited from significant recent capital improvements, including a new shingle roof (2020), replacement of the boiler and associated piping by the tenant (2024), and replacement of the building's main water and sewer service lines by the landlord (2024), minimizing near-term capital expenditure requirements. Home to Fort Bragg, one of the world's largest military installations, Fayetteville continues to experience steady population and economic growth, supporting long-term healthcare demand. Backed by a dominant regional health system, an irreplaceable hospital-adjacent location, and continued investment in the facility, 1767 & 1781 Metromedical Drive presents a compelling opportunity to acquire a well-positioned healthcare asset with stable cash flow and contractual rental growth.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$196 USD /SF

CAP RATE

10.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fayetteville Ambulatory Surgery Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

92

LAND DETAILS

LAND ACRES

1.88 AC

LAND SF

81,850 SF

ZONING

OI - Office and Instituti

APN/PARCEL ID

0426-16-4991,0426-16-5725

ASK ABOUT THIS PROPERTY

Nick MyersZeustra Real Estate Investment ServicesMore Info
717-514-6390

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Nick MyersZeustra Real Estate Investment ServicesMore Info
717-514-6390

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