795 US-64 - Medical FOR SALE
Plymouth, NC 27962 |
$1,135,872 USD
919-475-5769
795 US-64
Plymouth, NC 27962
HIGHLIGHTS
- 10-Year Medical Lease (2022) - Credit healthcare tenant provides long-term income security.
- Attractive Returns - ±$74,388.60 NOI, ±6.55% cap rate, with 2% annual rent escalations.
- Renovated in 2020 - Purpose-built medical office with exam rooms, nurse’s station, offices, and breakroom.
- Hospital-Adjacent Location - Directly across from Washington Regional Medical Center on US-64 East (±14,500 AADT).
- Low-Management Investment - Ideal for 1031 and passive buyers seeking stable, long-term cash flow.
OVERVIEW
This ±3,886 SF single-tenant medical office offers immediate, dependable income backed by a long-term healthcare tenant on a 10-year lease signed in 2022. Fully renovated in 2020 and purpose-built for medical use, the asset generates a current NOI of ±$74,388.60 and delivers a strong ±6.55% cap rate with 2% annual rent escalations and minimal management.
FOR SALE DETAILS
PRICE
$1,135,872 USD
PRICE/SF
$292 USD /SF
CAP RATE
6.55%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Prime 6.55% 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
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919-475-5769
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919-475-5769
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