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Two-Story Medical Office Building
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275 N Highway 16, Denver, NC 28037

Fully leased healthcare facility serving multiple medical practices under NNN lease structures.

Property Size23,142 SF
Days on Market9

Property Features for 275 N Highway 16

General Information

Standard status Active
Size 23,142 SF
Property subtype Office
Occupancy 100%

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Buildings 1
Stories 2
Building Size 23,142 SF
Tenancy Multi
Listed By: Chris Bunko · License #449106
Source: Crexi
Added: Sep 15 Changed: Sep 18 Last Checked: Sep 22 at 1:46PM

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 Chris Bunko

Investment Insights

Based on property information with market context.

Catawba Springs Commons is a 23,142-square-foot, two-story medical office building at 275 N. Highway 16 in Denver, North Carolina. The property is fully leased to eight healthcare practices, with occupants representing dentistry, primary care, dermatology, chiropractic care, pain management, physical rehabilitation, and hospice and palliative care. The building’s tenant mix provides a range of healthcare services within one professional setting.

Leases include NNN structures and contractual annual escalations ranging from 1.5% to 3.0%. The weighted average lease term remaining is approximately 3.5 years. The property is located in the West Lake market and serves as a dedicated medical office facility for established healthcare users.

Key Highlights

  • 23,142‑square‑foot, two‑story medical office building
  • 100% leased to eight healthcare practices
  • Tenant mix includes dentistry, primary care, dermatology, chiropractic, pain management, rehabilitation, and hospice care

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Building Supply HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Barber Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

560
Businesses Nearby
Well-served
Demand for This Use

Demographics for 28037, NC

25,596
Population
11,930
Households
2.1
Avg Household Size
46
Median Age
46%
College-Educated
96%
High-School Grad
44.7 sq mi
ZIP Area
573
Density / Sq Mi
$109,779
Median Household Income
$54,345
Median Earnings
$1,126
Median Rent
$455,700
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Fully leased healthcare facility serving multiple medical practices under NNN lease structures.
Where is this medical office space located?
The property is located at 275 N Highway 16 Denver, NC.
What are key features of this property?
This property features: 23,142‑square‑foot, two‑story medical office building; 100% leased to eight healthcare practices; Tenant mix includes dentistry, primary care, dermatology, chiropractic, pain management, rehabilitation, and hospice care
More about this property
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