Current Use by Public Records
- Office Spaces
Property Details for 4431 Us-220
- Lot size
- 2.00 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a fully occupied, single-tenant medical office building situated on a 2-acre lot in the thriving Summerfield, North Carolina market. The property, located at 4431 US-220, boasts 10,144 square feet within a single-story building. Currently leased to Atrium Health Family Medicine under a modified lease with a remaining term of 5.1 years (expiring January 1, 2030), this asset offers a strong, stable income stream. The lease includes annual rent bumps of 2%, ensuring consistent growth in rental income. The property's current Net Operating Income (NOI) is $181,585, resulting in an attractive 7.00% capitalization rate. The asking price is $2,594,070, translating to a price per square foot of $255.72. The building has undergone renovations and benefits from a roof warranty extending until 2031, minimizing potential maintenance expenses. This turnkey investment is ideal for those seeking a secure, high-yield property in a rapidly expanding area. The 100% occupancy rate and long-term lease provide significant peace of mind for investors. The property's location in Guilford County, NC, zip code 27358, offers excellent access to major transportation routes and a growing patient base.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Summerfield
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.8899
- Latitude
- 36.1866
