Single-Tenant Medical Office
959 Cox Road, Gastonia, NC 28054
For Sale
Contact for pricing
A newly signed net lease provides annual rent increases and two renewal options.
Property Size13,886 SF
Price / SF$307.69
Days on Market50
Property Features for 959 Cox Road
General Information
Standard status
Size
Property subtype
Additional Details
Office Units
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Northmarq - Chicago
Listed By:
Isaiah Harf · License #IL 471019332
(312) 777-2437
Source:
Crexi
Added: Sep 21
Changed: Oct 28
Last Checked: Nov 8 at 8:10AM
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 Northmarq - Chicago
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 13,886-square-foot medical office building in Gastonia is occupied by Kintegra Health under a newly signed ten-year net lease. The agreement includes 2.5% annual rent increases and two five-year renewal options. The offering is for the fee simple interest in the property at 959 Cox Road.
Kintegra Health operates more than 40 practices across 20 counties and employs over 1,200 people. Gastonia is the organization’s founding market and home to its administrative headquarters.
Kintegra Health operates more than 40 practices across 20 counties and employs over 1,200 people. Gastonia is the organization’s founding market and home to its administrative headquarters.
Key Highlights
- 13,886‑square‑foot medical office building leased to Kintegra Health
- New ten‑year net lease with 2.5% annual rent increases
- Two five‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$197,928
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,958,560
$4.0M
Cap Rate 7%
$2,827,543
$2.8M
Cap Rate 9%
$2,199,200
$2.2M
Market Conditions
NOI Build-Up for 13,886 SF
Gross rent
$291.6K $21.00/SF
− Vacancy
−$27.7K −$2.00/SF
EGI
$263.9K $19.01/SF
− OpEx
−$66.0K −$4.75/SF
NOI
$197.9K $14.25/SF
Area
Gaston County, NC
Vacancy
9.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,958,560
Cap Rate 7%
$2,827,543
Cap Rate 9%
$2,199,200
Alternative Uses
Best Use
Office B
$2.83M
$2.47M – $3.30M
NOI $197,928 @ 7.0% cap · market cap 4.63%
Second Best
Healthcare Medical
$2.76M
$2.42M – $3.22M
NOI $193,400 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$4.89M
$4.28M – $5.71M
NOI $342,649 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,653
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28054, NC
40,548
Population
18,351
Households
2.2
Avg Household Size
40
Median Age
25%
College-Educated
90%
High-School Grad
19.3 sq mi
ZIP Area
2,101
Density / Sq Mi
$59,524
Median Household Income
$39,883
Median Earnings
$1,150
Median Rent
$220,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A newly signed net lease provides annual rent increases and two renewal options.
Where is this medical office space located?
The property is located at 959 Cox Road Gastonia, NC.
What is the asking price?
The asking price for this property is $4,272,615.
What are key features of this property?
This property features: 13,886‑square‑foot medical office building leased to Kintegra Health; New ten‑year net lease with 2.5% annual rent increases; Two five‑year renewal options
