Single-Tenant Medical Center
For Sale
Contact for pricing
110 Enterprise Drive, Rocky Mount, NC 27804
Single-tenant medical facility on a 1.54-acre lot with a 15-year NNN lease and scheduled opening in September 2026.
Property Size8,556 SF
Lot Size1.54 Acres
Price / SF$364.66
Days on Market117
Property Features for 110 Enterprise Drive
General Information
Standard status
Active
Size
8,556 SF
Class
A
Total Parking Spaces
60
Lot size
1.54 Acres
Property subtype
Retail, Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$234,092
Additional Details
Traffic Count
25,000 vehicles/day
Building Details
Year Built
2017
Year Renovated
2026
Tenancy
Single
Listing Agency:
JLL Austin
Listed By:
Kirby Hayes · License #TX 755222
Source:
Crexi
Added: May 12
Changed: Sep 2
Last Checked: Sep 4 at 11:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Austin
Investment Insights
Based on property information with market context.
The property is a single-tenant Lighthouse Autism Center medical facility scheduled to open in September 2026. The offering is structured as a 15-year NNN lease with 2% annual rent escalations and minimal landlord responsibilities. The site comprises 8,556 square feet on a 1.54-acre lot.
The center is located in Rocky Mount’s medical corridor, which the listing notes sees over 25,000 vehicles per day. This creates a visibility-focused placement within an established healthcare area.
As presented, the asset is designed for long-term occupancy with a specialized healthcare operator, supporting the property’s healthcare use within the Eastern North Carolina region.
The center is located in Rocky Mount’s medical corridor, which the listing notes sees over 25,000 vehicles per day. This creates a visibility-focused placement within an established healthcare area.
As presented, the asset is designed for long-term occupancy with a specialized healthcare operator, supporting the property’s healthcare use within the Eastern North Carolina region.
Key Highlights
- Single‑tenant Lighthouse Autism Center medical facility built in 2017, totaling 8,556 SF on a 1.54‑acre lot
- 15‑year NNN lease structure with 2% annual rent escalations and minimal landlord responsibilities
- Scheduled opening in September 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$99,243
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,984,860
$2.0M
Cap Rate 7%
$1,417,757
$1.4M
Cap Rate 9%
$1,102,700
$1.1M
Market Conditions
NOI Build-Up for 8,556 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$184.8K $21.60/SF
− Vacancy
−$19.4K −$2.27/SF
EGI
$165.4K $19.33/SF
− OpEx
−$66.2K −$7.73/SF
NOI
$99.2K $11.60/SF
Area
Nash County, NC
Vacancy
10.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,984,860
Cap Rate 7%
$1,417,757
Cap Rate 9%
$1,102,700
Alternative Uses
Best Use
Healthcare Medical
$1.42M
$1.24M – $1.65M
NOI $99,243 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,462 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 27804, NC
28,707
Population
14,352
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
89%
High-School Grad
43.0 sq mi
ZIP Area
668
Density / Sq Mi
$58,837
Median Household Income
$36,445
Median Earnings
$977
Median Rent
$177,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - Single-tenant medical facility on a 1.54-acre lot with a 15-year NNN lease and scheduled opening in September 2026.
Where is this rehabilitation center located?
The property is located at 110 Enterprise Drive Rocky Mount, NC.
What is the asking price?
The asking price for this property is $3,120,000.
What are key features of this property?
This property features: Single‑tenant Lighthouse Autism Center medical facility built in 2017, totaling 8,556 SF on a 1.54‑acre lot; 15‑year NNN lease structure with 2% annual rent escalations and minimal landlord responsibilities; Scheduled opening in September 2026
