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1480 Rymco Dr
Winston-Salem, NC 27103

$3,500,000 USD

Medical For Sale  •  6,688 SF

Property Details

  • Property Type Medical
  • Total Building Size 6,392 SF
  • Lot Size 1 AC
  • Building Class B
  • Year Built 2005
  • Cap Rate 6.85 %
  • Tenancy Multiple
  • Zoning GO-S
0 Transit Score
42 Walk Score

Highlights

STABLE LONG-TERM LEASES: One tenant has just signed a new 10-year lease, while the other tenant will be signing a new 10-year lease at the close
ATTRACTIVE RENTAL INCREASES: The leases include a 3% annual rental increase, ensuring consistent revenue growth and protection against inflation
STRATEGIC MEDICAL HUB: The property is located just 1.5 miles from Novant Health Medical Center, enhancing its appeal as part of a well-established
CONVENIENT HIGHWAY ACCESS: Proximity to major highways, specifically Interstate 40 and US Highway 421, facilitates easy access for patients and client
ROBUST RETAIL ENVIRONMENT: The property is surrounded by over 1 million square feet of national retail tenants, including Costco, Target, Home Depot,
FLEXIBLE LEASE OPTIONS: Tenants have two, 5-year renewal options, allowing for continued occupancy and stability in cash flow beyond the initial lease
Cap Rate: 6.85 %

Amenities

  • Bus Line

Public Transportation

AirportDriveWalkDistance
Piedmont Triad International 39 min - 25.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 28
Type: Surface
Included in Rent: Yes
Thor St John 310-955-1774 Matthews Real Estate Investment Services
Thor St John 310-955-1774 Matthews Real Estate Investment Services