4 Northcrest Dr - Office FOR SALE


Weaverville, NC 28787
$899,900 USD
575-650-8615
4 Northcrest Dr, Weaverville, NC for Sale
$899,900 USD
Office - FOR SALE
1/24
null | 6.3% Cap Rate

4 Northcrest Dr
Weaverville, NC 28787


HIGHLIGHTS

  • High traffic commercial / medical corridor | Near Walmart, Lowe's & Advent Health
  • NNN Lease to Whole Family Therapy, PLLC
  • Stable NNN lease at 6.3% cap - currently $56,700 NOI

OVERVIEW

Positioned at the corner of Northcrest Road and Monticello Road on a busy 8,000cpd lot near Walmart and Lowe's, 4 Northcrest Drive sits at the epicenter of Weaverville's rapidly expanding commercial and medical corridor. With AdventHealth's 67-bed hospital now fully cleared for construction just minutes away, this asset represents one of Western North Carolina's most significant healthcare-driven growth opportunities. Investors gain access to a stabilized, passive NNN income stream with the security of an excellent tenant showing pride of business ownership, built in rental escalations and strong future marketability. The building offers 2700 rentable sq.ft., 8 offices and 2 bathrooms, a 13 car parking lot, a new metal roof and HVAC systems replaced within the last few years, and a well maintained exterior including attractive landscaping. NOI is currently $56,700 and increases to $58,600 in November. Rent is $21/sf and TICAMs are $3/sf. Tenant has signaled desire to remain in place.

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$333 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1888

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

I-1

APN/PARCEL ID

9733-70-1669-00000

ASK ABOUT THIS PROPERTY

Jake MossmanKeller Williams ProfessionalsMore Info
575-650-8615

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Jake MossmanKeller Williams ProfessionalsMore Info
575-650-8615

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