4955 Southport-Supply Rd Southport, NC 28461
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Office Spaces
Property Details for 4955 Southport-Supply Rd
- Property size
- 11,748 SF
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a portfolio of three medical office buildings totaling 11,748 square feet, situated in Southport, Oak Island, and Brunswick, North Carolina. The property is 100% occupied by Southern Veterinary Partners (SVP), a national veterinary service provider, under a triple-net (NNN) lease with a corporate guarantee. The current lease commenced February 10, 2020, and expires February 27, 2035, offering a substantial remaining lease term of 10.3 years, with two 5-year renewal options. The buildings, constructed in 1966, 1991, and 2001, underwent renovations in 2000, 2000, and 2006 respectively. Each single-story building is strategically located on major thoroughfares, experiencing combined daily traffic exceeding 70,000 vehicles. The portfolio boasts a strong net operating income (NOI) of $238,423, resulting in a compelling 6.97% cap rate and a price per square foot of $291.28. The asking price for this exceptional investment is $3,422,000. The lease includes annual rent increases of 2.5% or CPI (whichever is less) providing consistent income growth for the investor. This portfolio offers a secure, low-maintenance investment in a growing sector of the healthcare industry, backed by a financially stable and reputable tenant with over 300 locations nationwide. The portfolio's prime location and strong tenant history make it an attractive opportunity for discerning investors.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Southport
- County
- Brunswick
- State
- North Carolina
- Longitude
- -78.0521
- Latitude
- 33.9525
