2150 Herbert Ct - Medical FOR SALE


Greenville, NC 27834- Southwest Greenville
$3,335,000 USD
919-612-6696
2150 Herbert Ct, Greenville, NC for Sale
$3,335,000 USD
Medical - FOR SALE
1/8
null | 6.75% Cap Rate

2150 Herbert Ct
Greenville, NC 27834
Southwest Greenville


HIGHLIGHTS

  • Fully leased to ECU Pediatric Specialty Care, backed by East Carolina University and the State of North Carolina.
  • Long-term lease in place through December 31, 2031, with annual 3% rent escalations.
  • Located within Greenville’s primary medical district near ECU Health Medical Center and Brody School of Medicine.

OVERVIEW

This single-tenant medical investment property is located in the heart of Greenville’s established medical district, offering a stable, long-term income opportunity. The property is fully leased to ECU Pediatric Specialty Care, a division of East Carolina University operating on behalf of the State of North Carolina, ensuring a strong credit-backed tenancy. The tenant has occupied the building since 2005 and recently extended its commitment, with the current lease expiring December 31, 2031. The offering provides an attractive net operating income of $225,137 with annual rent escalations of 3%, creating predictable cash flow and built-in growth. The property sits on approximately 1.24 acres and features a well-maintained medical office facility with a standing seam metal roof. Landlord responsibilities include property taxes, insurance, and common area maintenance, while the tenant handles utilities and janitorial services. Located in close proximity to ECU Health Medical Center and the Brody School of Medicine, the property benefits from strong demand drivers and proximity to a dense network of medical professionals. Greenville’s growing population and its role as a regional healthcare hub further enhance the long-term investment appeal of this asset.

FOR SALE DETAILS

PRICE

$3,335,000 USD

PRICE/SF

$291 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

MO

APN/PARCEL ID

066543

ASK ABOUT THIS PROPERTY

Michael WaldropWaldrop Properties, LLCMore Info
919-612-6696

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Michael WaldropWaldrop Properties, LLCMore Info
919-612-6696

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