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4 Northcrest Dr 2,700 SF Office Building Weaverville, NC 28787 $1,251,383 CAD ($463.48 CAD/SF) 6.30% Cap Rate



Investment Highlights
- High traffic commercial / medical corridor | Near Walmart, Lowe's & Advent Health
- Stable NNN lease at 6.3% cap - currently $56,700 NOI
- NNN Lease to Whole Family Therapy, PLLC
Executive Summary
Positioned at the corner of Northcrest Road and Monticello Road on a busy 8,000cpd lot near Walmart and Lowe's, 4 Northcrest Drive sits at the epicenter of Weaverville's rapidly expanding commercial and medical corridor. With AdventHealth's 67-bed hospital now fully cleared for construction just minutes away, this asset represents one of Western North Carolina's most significant healthcare-driven growth opportunities. Investors gain access to a stabilized, passive NNN income stream with the security of an excellent tenant showing pride of business ownership, built in rental escalations and strong future marketability. The building offers 2700 rentable sq.ft., 8 offices and 2 bathrooms, a 13 car parking lot, a new metal roof and HVAC systems replaced within the last few years, and a well maintained exterior including attractive landscaping. NOI is currently $56,700 and increases to $58,600 in November. Rent is $21/sf and TICAMs are $3/sf. Tenant has signaled desire to remain in place.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
2,700 SF
Building Class
C
Year Built
1888
Price
$1,251,383 CAD
Price Per SF
$463.48 CAD
Cap Rate
6.30%
NOI
$78,837 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,350 SF
Building FAR
0.15
Lot Size
0.42 AC
Zoning
I-1 - Light industrial and commercial
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 9733-70-1669-00000 | Improvements Assessment | $499,890 CAD |
| Land Assessment | $84,824 CAD | Total Assessment | $584,714 CAD |
Property Taxes
Parcel Number
9733-70-1669-00000
Land Assessment
$84,824 CAD
Improvements Assessment
$499,890 CAD
Total Assessment
$584,714 CAD
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4 Northcrest Dr
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