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417 Vance St 13,368 SF 100% Leased Office Building Clinton, NC 28328 $3,413,024 CAD ($255.31 CAD/SF) 9% Cap Rate



INVESTMENT HIGHLIGHTS
- Attractive Rent Increases
- 100% Occupied & E-Commerce Resistant Investment
- Strong Corporate Tenants
- Strategic Location
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in the medical office building located at 417 Vance Street in Clinton, North Carolina (the “Property”). The Property consists of a fully occupied, three-tenant medical office building with 13,368 square feet of space on a 1.35-acre parcel. The medical office building is anchored by Anne Arundel Dermatology (which occupies 53.55% of the RBA), a national operator with more than 112 locations and 270 providers in seven states. The remaining two suites are leased to UNC Physicians Network and Cape Fear Valley Health System. The Property is strategically located along Vance Street in the heart of Clinton. The well-maintained and attractive medical office building benefits from outstanding visibility, frontage, and signage and is across the street from both CVS and Walgreens. The Property is 0.8 miles from Sampson Regional Medical Center and is convenient to national retailers and restaurants and several large industrial facilities that drive traffic to the area. 417 Vance Street is one block from Beaman Street, 0.8 miles from US Route 701 Business and NC Route 24, and 1.2 miles from US Routes 421 and 701, the area’s primary highways. Clinton, North Carolina is the largest city and county seat of Sampson County and is 35 miles from Fayetteville, and 65 miles from Wilmington.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
13,368 SF
Building Class
B
Year Built
2007
Price
$3,413,024 CAD
Price Per SF
$255.31 CAD
Cap Rate
9%
NOI
$307,215 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,684 SF
Building FAR
0.23
Lot Size
1.35 AC
Opportunity Zone
Yes
Zoning
C40 - Medical
PROPERTY TAXES
| Parcel Number | 12084684001 | Improvements Assessment | $1,420,267 CAD |
| Land Assessment | $534,879 CAD | Total Assessment | $1,955,146 CAD |
PROPERTY TAXES
Parcel Number
12084684001
Land Assessment
$534,879 CAD
Improvements Assessment
$1,420,267 CAD
Total Assessment
$1,955,146 CAD
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417 Vance St
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