NNN Multi-Tenant Medical
For Sale
Contact for pricing
6023 Beatties Ford Road, Charlotte, NC 28216
NNN medical and office building with available signage and convenient highway access for patients and staff.
Property Size7,385 SF
Price / SF$324.20
Days on Market51
Property Features for 6023 Beatties Ford Road
General Information
Standard status
Active
Size
7,385 SF
Total Parking Spaces
37
Property subtype
Office
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$185,550
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2003
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
MPV Properties
(704) 248-2140
Listed By:
Chad Pyke · License #341663
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Jul 23 at 1:23PM
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 MPV Properties
Investment Insights
Based on property information with market context.
This NNN multi-tenant medical/office property is offered for sale as a specialty commercial building designed to support multiple office users. The asset features prominent building and monument signage that can help identify the property for visitors and patients. As an NNN structure, it is marketed with minimal landlord responsibilities, aligning with buyers seeking a more hands-off ownership model.
Located at 6023 Beatties Ford Road in Charlotte, the property benefits from a corridor setting along Beatties Ford Road. The area is described as convenient to I-85 and I-77, providing approximately 10-minute connectivity to Uptown Charlotte and Charlotte Douglas International Airport. Surrounding retailers include Food Lion, Aldi, Walgreens, Starbucks, Bojangles, and Domino’s Pizza, supporting everyday convenience for patients, staff, and visitors.
For medical office and other professional tenants, the configuration offers a multi-tenant environment within a retail-active area. For buyers, the NNN structure and signage support a straightforward ownership and leasing platform for medical and office use. Accessibility via major interstates and proximity to established retail amenities may be helpful for tenant and client convenience.
Located at 6023 Beatties Ford Road in Charlotte, the property benefits from a corridor setting along Beatties Ford Road. The area is described as convenient to I-85 and I-77, providing approximately 10-minute connectivity to Uptown Charlotte and Charlotte Douglas International Airport. Surrounding retailers include Food Lion, Aldi, Walgreens, Starbucks, Bojangles, and Domino’s Pizza, supporting everyday convenience for patients, staff, and visitors.
For medical office and other professional tenants, the configuration offers a multi-tenant environment within a retail-active area. For buyers, the NNN structure and signage support a straightforward ownership and leasing platform for medical and office use. Accessibility via major interstates and proximity to established retail amenities may be helpful for tenant and client convenience.
Key Highlights
- 2003‑built multi‑tenant medical/office building with NNN structure
- Located on Beatties Ford Road with prominent building and monument signage available
- Convenient access to I‑85 and I‑77 with approximately 10‑minute connectivity to Uptown Charlotte and Charlotte Douglas International Airport
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
$130,870
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
5.47%
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%
$2,617,400
$2.6M
Cap Rate 7%
$1,869,571
$1.9M
Cap Rate 9%
$1,454,111
$1.5M
Market Conditions
NOI Build-Up for 7,385 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
$195.0K $26.40/SF
− Vacancy
−$20.5K −$2.77/SF
EGI
$174.5K $23.63/SF
− OpEx
−$43.6K −$5.91/SF
NOI
$130.9K $17.72/SF
Area
ZIP 28216
Vacancy
10.50%
Lease Rate
$26.40 /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%
$2,617,400
Cap Rate 7%
$1,869,571
Cap Rate 9%
$1,454,111
Alternative Uses
Best Use
Office B
$1.87M
$1.64M – $2.18M
NOI $130,870 @ 7.0% cap · market cap 5.47%
Second Best
Healthcare Medical
$1.61M
$1.41M – $1.88M
NOI $112,757 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$2.60M
$2.28M – $3.04M
NOI $182,231 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28216, NC
57,196
Population
24,902
Households
2.3
Avg Household Size
35
Median Age
35%
College-Educated
89%
High-School Grad
30.0 sq mi
ZIP Area
1,907
Density / Sq Mi
$64,977
Median Household Income
$43,643
Median Earnings
$1,464
Median Rent
$246,100
Median Home Value
Market
Vacancy Rate% for Office in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - NNN medical and office building with available signage and convenient highway access for patients and staff.
Where is this medical office space located?
The property is located at 6023 Beatties Ford Road Charlotte, NC.
What is the asking price?
The asking price for this property is $2,394,194.
What are key features of this property?
This property features: 2003‑built multi‑tenant medical/office building with NNN structure; Located on Beatties Ford Road with prominent building and monument signage available; Convenient access to I‑85 and I‑77 with approximately 10‑minute connectivity to Uptown Charlotte and Charlotte Douglas International Airport
