3701 John Platt Dr
Morehead City, NC 28557
Office Property For Sale

3701 John Platt Drive in Morehead City, and provides convenient access to Carteret Health Care.
An approximately 3,900 square foot, single tenant medical office building located on approximately .46 acres. The property is leased to Kidzcare Pediatrics (https://kidzcare.com/). The lease term expires on May 31, 2030, with one (1) five (5) year renewal option. The estimated Net Operating Income is $79,600. The Base Lease Rate escalates annually by three percent (3%). The Lease is “essentially” triple net, with the exception of the Landlord being responsible for paying for lawn maintenance. The Tenant is responsible for reimbursing for property taxes and insurance and maintenance to the interior of the building as indicated below.
Tenant responsibilities include the following: Tenant shall maintain in good order and repair Premises (except those repairs expressly required to be made by the Landlord), specifically including but not limited to all light bulb and ballast replacements, plumbing fixtures and system repairs within the Premises, the exterior and interior portion of all doors, windows and glass, floors and floor coverings, painting the walls as necessary and water heater repairs. With respect to the HVAC system. Tenant, at is expense, shall maintain those portions of the heating, ventilation and air conditioning system(s) located inside the Premises (HVAC Systems) in good order and repair, including but not limited to the replacement of parts, filters, compressors, air handling units and heating units. Landlord, at its expense, shall maintain those portions of the HVAC System located on the exterior of the Premises and shall be responsible for paying the replacement cost of the HVAC Systems.
Landlord Responsibilities include the following: Landlord is to keep in good repair and shall be solely responsible for replacing when needed the roof, foundation, structural supports, exterior walls (exclusive of all doors, windows, and glass),of the Premises and the parking areas provided that Landlord shall not be responsible for repairs or capital replacements rendered necessary by the negligence or intentional wrongful acts of Tenant, its employees, agents, invitees, or contractors.
Please note the Property is located in a strong medical submarket, and as indicated above, provides convenient access to Carteret Health Care (https://www.carterethealth.org/), which is one ten remaining independent hospitals in North Carolina. CHC is currently building a new Radiation Oncology Center, which is an approximately $50 million dollar project. This project is funded fully through operations and contributions.