470 Center St - Medical FOR SALE


Bryson City, NC 28713
$4,225,000 USD
678-808-2804
470 Center St, Bryson City, NC for Sale
$4,225,000 USD
Medical - FOR SALE
1/6
null | 7% Cap Rate

470 Center St
Bryson City, NC 28713


HIGHLIGHTS

  • Duke LifePoint Healthcare Medical Office on the Swain Community Hospital Campus
  • NNN Lease with Minimal Landlord Responsibility | 10+ Years of Term Remaining with the Recently Executed Option
  • Attractive 3% Annual Escalations Throughout the Base Term & the Remaining 10-Year Option
  • Tenant Pays Majority of Operating Expenses Directly | Management Fee Reimbursements Can Go to Landlord’s Bottom Line
  • Guaranteed by Great Smokies Health Foundation, Inc. With a $2M Letter of Credit from CitiBank, N.A.
  • Tenant has a State Certificate of Need | Requires Government Approval to Relocate & Guarantees a Local Monopoly

OVERVIEW

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire leasehold interest in the Duke LifePoint Medical Office in Bryson City, North Carolina. The medical office is strategically positioned on the Swain Community Hospital campus, which houses a 48-bed facility. Being on this campus provides the medical office with a direct connection to the hospital’s established patient base, ensuring a consistent flow of traffic and demand for medical services. The property’s tenant, Duke LifePoint Healthcare, is a subsidiary of Lifepoint Health, a well-respected healthcare organization known for operating community hospitals, physician practices, and outpatient centers. Lifepoint Health was acquired by Apollo Global Management in 2018, further strengthening its financial backing and operational capacity. Bryson City, located in Swain County, North Carolina, is a charming mountain town and gateway to the Great Smoky Mountains National Park. With a population of approximately 1,500, it offers a peaceful small-town atmosphere and proximity to major attractions. Situated along U.S. Route 19, about 70 miles west of Asheville, the town provides easy access to popular regional destinations in western North Carolina and eastern Tennessee. Swain Community Hospital serves as the primary healthcare provider for Bryson City and surrounding areas, offering comprehensive services to residents and tourists. Its strategic location near major highways and the national park solidifies its role as a key healthcare provider in the region.

FOR SALE DETAILS

PRICE

$4,225,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Bryson City - Duke Lifepoint Critical Access

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

commercial

APN/PARCEL ID

6674-15-62-7860

ASK ABOUT THIS PROPERTY

Ani PaulsonMarcus & MillichapMore Info
678-808-2804

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Ani PaulsonMarcus & MillichapMore Info
678-808-2804

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