Single-Tenant Government-Leased Office
For Sale
Contact for pricing
702 Henson St, Albemarle, NC 28001
Stabilized office building with durable cash flow and rental growth.
Property Size6,894 SF
Price / SF$282.71
Days on Market162
Property Features for 702 Henson St
General Information
Standard status
Active
Size
6,894 SF
Class
B
Total Parking Spaces
29
Property subtype
Office
Zoning
HID
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$95,000
Building Details
Year Built
1998
Buildings
1
Stories
1
Units
29
Tenancy
Single
Listing Agency:
NextHome Providence
(704) 957-5172
Listed By:
Dawn Westall · License #283999
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 11 at 11:14AM
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 NextHome Providence
Investment Insights
Based on property information with market context.
This stabilized, single-tenant office building is fully leased to a government entity. The property, containing approximately 5,942 square feet, is under a modified gross structure typical of government-occupied facilities. It offers durable cash flow and built-in rental growth, with fixed annual rent increases averaging approximately 2.8% throughout the initial term. Long-term occupancy is in place with renewal options extending well beyond the current lease expiration, providing predictable income and limited rollover exposure. The property is located within a designated Opportunity Zone and may offer potential tax advantages to qualified investors. It presents an appealing option for investors seeking stable income, contractual growth, and strategic tax positioning.
Key Highlights
- Single‑tenant government‑leased office investment ensures durable cash flow.
- Contractual rent increases average approximately 2.8% annually.
- Long‑term occupancy with renewal options provides predictable income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
478
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?
Office building - Stabilized office building with durable cash flow and rental growth.
Where is this office building located?
The property is located at 702 Henson St Albemarle, NC.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: Single‑tenant government‑leased office investment ensures durable cash flow.; Contractual rent increases average approximately 2.8% annually.; Long‑term occupancy with renewal options provides predictable income.
