Single-Tenant NNN Medical
For Sale
Contact for pricing
Pending
701 N 2nd St, Albemarle, NC 28001
Medical office leased on an NNN basis with annual 3.0% rent increases and no landlord responsibilities.
Property SizeContact for details
Days on Market142
Property Features for 701 N 2nd St
General Information
Standard status
Pending
Property subtype
Office
Additional Details
Cap Rate
6.02%
Building Details
Tenancy
Single
Listing Agency:
Greybridge Partners
Listed By:
Brian Cillian · License #SC 93373
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 3:54PM
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 Greybridge Partners
Investment Insights
Based on property information with market context.
Located at 701 N 2nd St in Albemarle, NC, this single-tenant medical office is offered with a newly executed NNN lease. The lease provides annual 3.0% rental increases and assigns no landlord responsibilities, supporting a simplified ownership structure.
The tenant operates across 20 locations, adding operating scale to the lease profile. The property is presented at a 6.02% cap rate, with the medical office use and NNN structure forming the core of the offering.
The tenant operates across 20 locations, adding operating scale to the lease profile. The property is presented at a 6.02% cap rate, with the medical office use and NNN structure forming the core of the offering.
Key Highlights
- 6.02% cap rate
- Single‑tenant medical office at 701 N 2nd St, Albemarle, NC 28001
- New NNN lease with no landlord responsibilities
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 28001, NC
27,185
Population
12,847
Households
2.1
Avg Household Size
43
Median Age
21%
College-Educated
88%
High-School Grad
131.4 sq mi
ZIP Area
207
Density / Sq Mi
$55,610
Median Household Income
$36,684
Median Earnings
$823
Median Rent
$194,200
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?
NNN property - Medical office leased on an NNN basis with annual 3.0% rent increases and no landlord responsibilities.
Where is this nnn property located?
The property is located at 701 N 2nd St Albemarle, NC.
What are key features of this property?
This property features: 6.02% cap rate; Single‑tenant medical office at 701 N 2nd St, Albemarle, NC 28001; New NNN lease with no landlord responsibilities
