706 Wilkins St - Medical FOR SALE


Smithfield, NC 27577
$833,333 USD
919-464-3630
706 Wilkins St, Smithfield, NC for Sale
$833,333 USD
Medical - FOR SALE
1/32
null | 6% Cap Rate

Jun '27


706 Wilkins St
Smithfield, NC 27577


OVERVIEW

FOR SALE: STABLE MEDICAL OFFICE INVESTMENT | LONG-TERM LEASES | STRONG NOI Property Overview High-quality, fully leased medical office investment offering stable cash flow and long-term upside. This property features established medical tenants with extended lease terms, making it an ideal acquisition for investors seeking predictable income and low management intensity. Investment Highlights - Strong Net Operating Income: $50,000/year - Fully leased with $4,500/month gross rental income - Long-term tenant stability, including medical practices - Favorable lease structure with reliable tenants - Low annual expenses ($3,500 property taxes) - Consistent, recession-resistant medical tenancy Tenant Profile The property includes multiple units with a mix of long-standing and newer tenants. Two tenants are established medical practices, providing durable occupancy and reduced turnover risk. Lease terms include long-duration agreements, enhancing income security and investment appeal. Financial Summary - Gross Annual Rent: $54,000 - Expenses (Taxes): $3,500 - Net Operating Income (NOI): $50,000 Investment Positioning Medical office assets continue to outperform traditional office due to necessity-based demand and tenant stickiness. This property offers a rare combination of: - Long-term leases - Medical tenancy - Below-market rents with upside potential

FOR SALE DETAILS

PRICE

$833,333 USD

PRICE/SF

$178 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

OFF

APN/PARCEL ID

15010043

ASK ABOUT THIS PROPERTY

Mir AliNCECFMore Info
919-464-3630

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Mir AliNCECFMore Info
919-464-3630

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