Leased Medical Office
For Sale
$4,353,950
341 S Mcpherson Church Rd, Fayetteville, NC 28303
Three fully leased medical office buildings are occupied by Rainbow Pediatrics under NNN lease structures.
Property Size15,931 SF
Price / SF$273.30
Days on Market50
Property Features for 341 S Mcpherson Church Rd
General Information
Standard status
Active
Size
15,931 SF
Class
B
Property subtype
Office
Occupancy
100%
Net Operating Income
$278,504
Building Details
Building Size
15,931 SF
Tenancy
Single
Listing Agency:
(910) 861-0449
Listed By:
Patrick Murray, CCIM, SIOR · License #NC #231098
(910) 861-0449
Source:
Grantmurrayre
Added: Jun 24
Changed: Aug 8
Last Checked: Aug 11 at 6:21AM
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 Patrick Murray, CCIM, SIOR
Investment Insights
Based on property information with market context.
This three-property medical office portfolio totals 15,931 square feet and is fully leased to Rainbow Pediatrics across all sites. Each building is purpose-built for pediatric use, with modern exam rooms, efficient layouts designed to support patient throughput, and dedicated administrative areas. Ownership is structured with NN lease terms, which are intended to reduce landlord operational responsibilities while maintaining consistent rental income.
Rainbow Pediatrics has served the Fayetteville, NC area since 2005, and the business recently committed to new long-term leases at all three locations. The leases include scheduled annual rent increases and multiple renewal options, supporting predictable, increasing cash flow. The lease term extends through January 2032.
The portfolio is positioned along high-traffic corridors near key healthcare services, aligning the properties with an established demand base for pediatric care.
Rainbow Pediatrics has served the Fayetteville, NC area since 2005, and the business recently committed to new long-term leases at all three locations. The leases include scheduled annual rent increases and multiple renewal options, supporting predictable, increasing cash flow. The lease term extends through January 2032.
The portfolio is positioned along high-traffic corridors near key healthcare services, aligning the properties with an established demand base for pediatric care.
Key Highlights
- Portfolio of three fully leased medical office buildings totaling 15,931 SF
- All space is occupied by Rainbow Pediatrics under NNN lease structures
- Rainbow Pediatrics has been the tenant since 2005
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
$194,752
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
4.47%
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%
$3,895,040
$3.9M
Cap Rate 7%
$2,782,171
$2.8M
Cap Rate 9%
$2,163,911
$2.2M
Market Conditions
NOI Build-Up for 15,931 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
$325.0K $20.40/SF
− Vacancy
−$65.3K −$4.10/SF
EGI
$259.7K $16.30/SF
− OpEx
−$64.9K −$4.07/SF
NOI
$194.8K $12.22/SF
Area
Fayetteville, NC
Vacancy
20.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
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%
$3,895,040
Cap Rate 7%
$2,782,171
Cap Rate 9%
$2,163,911
Alternative Uses
Best Use
Office B
$2.78M
$2.43M – $3.25M
NOI $194,752 @ 7.0% cap · market cap 4.47%
Second Best
Healthcare Medical
$2.36M
$2.06M – $2.75M
NOI $165,173 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$3.49M
$3.05M – $4.07M
NOI $244,394 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 28303, NC
30,842
Population
15,554
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,003
Density / Sq Mi
$53,261
Median Household Income
$37,238
Median Earnings
$1,125
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Three fully leased medical office buildings are occupied by Rainbow Pediatrics under NNN lease structures.
Where is this medical center located?
The property is located at 341 S Mcpherson Church Rd Fayetteville, NC.
What is the asking price?
The asking price for this property is $4,353,950.
What are key features of this property?
This property features: Portfolio of three fully leased medical office buildings totaling 15,931 SF; All space is occupied by Rainbow Pediatrics under NNN lease structures; Rainbow Pediatrics has been the tenant since 2005
