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1480 Rymco Dr
Winston-Salem, NC 27103
Winston Salem Dental Sale Leaseback · Office Property For Sale


Investment 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
- Strategic Medical Hub: The property is located just 1.5 miles from Novant Health Medical Center
- Robust Retail Environment: The property is surrounded by over 1 million square feet of national retail tenants
- Attractive Rental Increases: The leases include a 3% annual rental increase, ensuring consistent revenue growth and protection against inflation
- Convenient Highway Access: Proximity to major highways, specifically Interstate 40 and US Highway 421
- Lease Options: Tenants have two, 5-year renewal options, allowing for continued occupancy & stability in cash flow beyond the initial lease term
Executive Summary
Broker of Record
Gerard Hamas
Broker Lic. No.: 362768 (NC)
Firm Lic. No.: C421113 (NC)
Gerard Hamas
Broker Lic. No.: 362768 (NC)
Firm Lic. No.: C421113 (NC)
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,392 SF
Building Class
B
Year Built
2005
Price
$4,793,985 CAD
Price Per SF
$750.00 CAD
Cap Rate
7.06%
NOI
$338,592 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,392 SF
Zoning
GO-S
Amenities
- Bus Line
Property Taxes
| Parcel Number | 6814-18-7270 | Improvements Assessment | $1,411,740 CAD |
| Land Assessment | $376,528 CAD | Total Assessment | $1,788,268 CAD |
Property Taxes
Parcel Number
6814-18-7270
Land Assessment
$376,528 CAD
Improvements Assessment
$1,411,740 CAD
Total Assessment
$1,788,268 CAD
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