NNN Orthopedic
For Sale
Contact for pricing
510 Emergency Drive, Lexington, NC 27292
Single-tenant NNN orthopedic clinic on Atrium Health campus with a new five-year lease extension.
Property Size13,671 SF
Lot Size5.23 Acres
Price / SF$221.56
Days on Market60
Property Features for 510 Emergency Drive
General Information
Standard status
Active
Size
13,671 SF
Lot size
5.23 Acres
Property subtype
Office
Building Details
Tenancy
Single
Listing Agency:
Linville Team Partners
Listed By:
Ben Bloodworth · License #NC 263200
Source:
Crexi
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 29 at 4:59AM
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 Linville Team Partners
Investment Insights
Based on property information with market context.
This offering is an approximately 13,671-square-foot NNN orthopedic clinic on 5.23 acres. The property is positioned to serve as dedicated healthcare space as part of Atrium Health’s hospital campus.
The clinic is located at 510 Emergency Drive in Lexington, NC, and it sits on Atrium Health’s hospital campus directly across from the hospital entrance. This placement supports straightforward access and visibility to the hospital environment for orthopedic care operations.
For buyers seeking a healthcare-focused, NNN structure, this asset is anchored by Atrium Health. Atrium has signed a brand new five-year lease extension, providing continuity for the clinic’s use within their orthopaedic services footprint. The property’s campus location and entrance-facing position are practical considerations for an operator that needs convenient, mission-driven access to the hospital setting.
The clinic is located at 510 Emergency Drive in Lexington, NC, and it sits on Atrium Health’s hospital campus directly across from the hospital entrance. This placement supports straightforward access and visibility to the hospital environment for orthopedic care operations.
For buyers seeking a healthcare-focused, NNN structure, this asset is anchored by Atrium Health. Atrium has signed a brand new five-year lease extension, providing continuity for the clinic’s use within their orthopaedic services footprint. The property’s campus location and entrance-facing position are practical considerations for an operator that needs convenient, mission-driven access to the hospital setting.
Key Highlights
- Single‑tenant, 13,671 SF NNN orthopedic clinic on Atrium Health’s hospital campus
- Located on 5.23 acres on the hospital campus
- Atrium has signed a brand new 5‑year lease extension
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $344.5k | $25.20 |
| − Vacancy | −$36.2k | −$2.65 |
| EGI | $308.3k | $22.55 |
| − OpEx | −$123.3k | −$9.02 |
| NOI | $185.0k | $13.53 |
13,671 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.64M
$2.31M – $3.08M
NOI $185,001 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.47M
$3.03M – $4.05M
NOI $242,797 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Explore this area
Business Placement
Demographics for 27292, NC
39,337
Population
18,749
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
144.0 sq mi
ZIP Area
273
Density / Sq Mi
$54,468
Median Household Income
$34,776
Median Earnings
$831
Median Rent
$193,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Single-tenant NNN orthopedic clinic on Atrium Health campus with a new five-year lease extension.
Where is this medical center located?
The property is located at 510 Emergency Drive Lexington, NC.
What is the asking price?
The asking price for this property is $3,029,000.
What are key features of this property?
This property features: Single‑tenant, 13,671 SF NNN orthopedic clinic on Atrium Health’s hospital campus; Located on 5.23 acres on the hospital campus; Atrium has signed a brand new 5‑year lease extension
