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795 US Highway 64 E 3,886 SF Office Building Plymouth, NC 27962 $1,548,943 CAD ($398.60 CAD/SF) 6.55% Cap Rate
Investment Highlights
- 10-Year NNN Lease (2022) — Healthcare tenant locked through 2032 with 2% annual rent bumps built in
- Purpose-Built Medical Buildout — Exam rooms, nurse's station, breakroom; high tenant replacement cost
- Opportunity Zone Designated — Potential capital gains tax deferral for eligible investors
- $74,388 NOI | 6.55% Cap Rate — Immediate, stabilized income with zero management burden
- US-64 Frontage | 13,500+ AADT — Prime highway visibility in eastern NC's main healthcare corridor
Executive Summary
A fully renovated, 3,886 SF single-tenant medical office on US-64 East, purpose-built with exam rooms, nurse's station, and staff breakroom. Secured by a 10-year healthcare lease signed in 2022 with 2% annual rent escalations, generating $74,388 NOI with minimal landlord obligations. Situated in a federally designated Opportunity Zone with direct highway visibility, 26 dedicated parking spaces, and zero near-term rollover risk. A stabilized, low-management asset in eastern North Carolina's primary healthcare corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,886 SF
Building Class
B
Year Built/Renovated
2005/2020
Price
$1,548,943 CAD
Price Per SF
$398.60 CAD
Cap Rate
6.55%
NOI
$101,441 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
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 6777.09-16-8876 | Improvements Assessment | $736,513 CAD |
| Land Assessment | $121,229 CAD | Total Assessment | $857,742 CAD |
Property Taxes
Parcel Number
6777.09-16-8876
Land Assessment
$121,229 CAD
Improvements Assessment
$736,513 CAD
Total Assessment
$857,742 CAD
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795 US Highway 64 E
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