839 Durham Rd Wake Forest, NC 27587
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Prospa Massage and Wellness / Alternative Medicine Practice / Spa & Massage Center
- Heather C. Brewer, LCSW / Physician
- SOL MEDICAL GROUP PLLC / Medical Clinic
- Cardinal Points Imaging Wake Forest / Medical Clinic
- Taylor Academy of Dance / Training Center
Property Details for 839 Durham Rd
- Property size
- 8,759 SF
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents the chance to acquire two medical office buildings totaling 8,759 square feet, currently 100% occupied by Outpatient Imaging Affiliates (OIA), a leading national operator of outpatient imaging centers. The properties, located at 839 Durham Rd, Wake Forest, NC 27587 and 398 Hughes Rd, Madison, AL 35758, are situated in high-traffic areas with excellent visibility. The Wake Forest location is adjacent to a high-performing Target store, while the Madison building is an outparcel to a Publix supermarket. Both locations benefit from significant daily vehicle traffic counts: 50,000 vehicles per day on Capital Blvd (Wake Forest) and 20,000 vehicles per day on Hughes Rd (Madison). The properties are held fee simple and feature absolute NNN leases with no landlord responsibilities. OIA recently renewed both leases, demonstrating strong tenant commitment. The leases include annual rent bumps of 2.0% through December 31, 2027, and 3.0% thereafter. The current net operating income (NOI) is $152,538, representing a 6.71% cap rate on the asking price of $2,274,000. The remaining lease term is 7.3 years. These properties are located in rapidly growing Southeastern states with restrictive certificate of need regulations for outpatient diagnostic centers, creating a significant barrier to entry for new competition. The substantial investment in medical equipment, including MRI machines, further enhances the mission-critical nature of these assets. This offering provides a rare opportunity to acquire a stable, high-performing investment in a growing healthcare sector.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wake Forest
- County
- Wake
- State
- North Carolina
- Longitude
- -78.5363
- Latitude
- 35.9782
