795 US-64 - Medical FOR SALE


Plymouth, NC 27962
$1,135,872 USD
919-475-5769
795 US-64, Plymouth, NC for Sale
$1,135,872 USD
Medical - FOR SALE
1/18
null | 6.29% Cap Rate

795 US-64
Plymouth, NC 27962


HIGHLIGHTS

  • 6.29% CAP Rate - Net Leased Investment - e delivering strong, immediate returns.
  • 10-Year Lease signed in 2022 for long-term income security.
  • Growing NOI with 2% annual increases; $71,500 starting April 2024.
  • Fully Renovated 2020 with modern exam rooms, nurse’s station, and breakroom.
  • High-Visibility US-64 E with 14,500 AADT for maximum exposure.
  • Prime Medical Location across from Washington Regional Medical Center and near major retail.

OVERVIEW

This exceptional 3,886 SF net-leased medical office delivers a strong 6.29% CAP with a secure tenant under a 10-year lease signed in 2022. Fully renovated in 2020, it features modern exam rooms, a nurse’s station, offices, restrooms, and a breakroom. The NOI increases 2% annually, with the current NOI at $71,500 beginning April 2024, offering reliable, built-in income growth. Located on high-visibility US-64 E with 14,500 AADT, the property sits directly across from Washington Regional Medical Center and near major retail, ensuring powerful exposure, steady traffic, and long-term demand.

FOR SALE DETAILS

PRICE

$1,135,872 USD

PRICE/SF

$292 USD /SF

CAP RATE

6.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime 6.29% CAP Net-Leased Medical Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

C2, Neighborhood Business

APN/PARCEL ID

6777.09-16-8876

ASK ABOUT THIS PROPERTY

Vandan Gandhi, CCIMKW CommercialMore Info
919-475-5769

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Vandan Gandhi, CCIMKW CommercialMore Info
919-475-5769

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