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701 Hartness Rd 7,207 SF Office Building Statesville, NC 28677 $4,227,189 CAD ($586.54 CAD/SF) 6.50% Cap Rate
Investment Highlights
- 7,702 SF building / Built in 1980
- Well-established pediatric dental practice
- Room on lower part of site for additional MOB development
- Strategic Statesville location
- Building and site renovated and updated(prior to tenant occupancy (2 years ago)
- Adjacent to Iredell Memorial Hwy in a Class A medical district
Executive Summary
Sperry-Griffin Partners is pleased to present this exceptional MOB investment sale-leaseback opportunity situated in the thriving Statesville market, a bedroom community of Charlotte, NC, strategically located approx. 40 miles North of Uptown Charlotte. The building sits on a large 1.60+- acre site adjacent to Iredell Memorial Hospital and zoned O-I-2. This property is ideally suited for Office/Medical investors seeking stable returns and long-term security. This offering represents a prestigious and lucrative addition to any investment portfolio.
The tenant, Happy Teeth Pediatric Dentistry, is a well-established pediatric dental practice with three locations—Statesville (subject property), Mooresville, and Huntersville—further strengthening the credit and stability of this opportunity. : Absolute NNN lease with 8 years remaining on the initial lease term and an attractive 6.5% cap rate with two 5- year options to renew.
The building is two floors the main level is 3441 SF, the lower level is 3,766 SF. The large 1.60 acres campus allows for a possible MOB addition on the lower level of the site for future development. Secure your position in this flourishing market with this remarkable, low-maintenance investment.
The tenant, Happy Teeth Pediatric Dentistry, is a well-established pediatric dental practice with three locations—Statesville (subject property), Mooresville, and Huntersville—further strengthening the credit and stability of this opportunity. : Absolute NNN lease with 8 years remaining on the initial lease term and an attractive 6.5% cap rate with two 5- year options to renew.
The building is two floors the main level is 3441 SF, the lower level is 3,766 SF. The large 1.60 acres campus allows for a possible MOB addition on the lower level of the site for future development. Secure your position in this flourishing market with this remarkable, low-maintenance investment.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
7,207 SF
Building Class
B
Year Built
1985
Price
$4,227,189 CAD
Price Per SF
$586.54 CAD
Cap Rate
6.50%
NOI
$274,767 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,604 SF
Building FAR
0.10
Lot Size
1.60 AC
Opportunity Zone
Yes
Zoning
O1-2 - O1-2,County of Iredell.The purpose of this district is to establish areas exclusively for office, institutional, and other
low-density commercial use.
Parking
24 Spaces (3.33 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Property Taxes
| Parcel Number | 4745-21-2019.000 | Improvements Assessment | $1,019,292 CAD |
| Land Assessment | $528,349 CAD | Total Assessment | $1,547,641 CAD |
Property Taxes
Parcel Number
4745-21-2019.000
Land Assessment
$528,349 CAD
Improvements Assessment
$1,019,292 CAD
Total Assessment
$1,547,641 CAD
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701 Hartness Rd
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