Medical For Sale • 6,688 SF
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 % |
Airport | Drive | Walk | Distance |
---|---|---|---|
Piedmont Triad International | 39 min | - | 25.6 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 28 |
Type: | Surface |
Included in Rent: | Yes |