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Prime 6.29% CAP Net-Leased Medical Office 795 US-64 3,886 SF Office Building Plymouth, NC 27962 $1,585,586 CAD ($408.03 CAD/SF) 6.29% Cap Rate
INVESTMENT HIGHLIGHTS
- 6.29% CAP Rate - Net Leased Investment - e delivering strong, immediate returns.
- Growing NOI with 2% annual increases; $71,500 starting April 2024.
- High-Visibility US-64 E with 14,500 AADT for maximum exposure.
- 10-Year Lease signed in 2022 for long-term income security.
- Fully Renovated 2020 with modern exam rooms, nurse’s station, and breakroom.
- Prime Medical Location across from Washington Regional Medical Center and near major retail.
EXECUTIVE SUMMARY
This exceptional 3,886 SF net-leased medical office delivers a strong 6.29% CAP with a secure tenant under a 10-year lease signed in 2022. Fully renovated in 2020, it features modern exam rooms, a nurse’s station, offices, restrooms, and a breakroom. The NOI increases 2% annually, with the current NOI at $71,500 beginning April 2024, offering reliable, built-in income growth.
Located on high-visibility US-64 E with 14,500 AADT, the property sits directly across from Washington Regional Medical Center and near major retail, ensuring powerful exposure, steady traffic, and long-term demand.
Located on high-visibility US-64 E with 14,500 AADT, the property sits directly across from Washington Regional Medical Center and near major retail, ensuring powerful exposure, steady traffic, and long-term demand.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,886 SF
Building Class
B
Year Built
2005
Price
$1,585,586 CAD
Price Per SF
$408.03 CAD
Cap Rate
6.29%
NOI
$99,808 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,886 SF
Building FAR
0.11
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
C2, Neighborhood Business - C2, Neighborhood Business
Parking
26 Spaces (6.69 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
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PROPERTY TAXES
| Parcel Number | 6777.09-16-8876 | Improvements Assessment | $753,936 CAD |
| Land Assessment | $124,097 CAD | Total Assessment | $878,034 CAD |
PROPERTY TAXES
Parcel Number
6777.09-16-8876
Land Assessment
$124,097 CAD
Improvements Assessment
$753,936 CAD
Total Assessment
$878,034 CAD
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Prime 6.29% CAP Net-Leased Medical Office | 795 US-64
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