Property profile

812 Van Buren Rd Eden, NC 27288

OFF-MARKET
Office Spaces
3,400 SF 0.34 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 3,400 square foot medical office building in Eden, North Carolina, currently boasting 100% occupancy with two tenants. Located at 812 S Van Buren Rd, 27288, this property offers a compelling 8.50% cap rate and a strong net lease structure (NN) with annual rent bumps of 1% at the beginning of each year. The asking price is $671,653, translating to $197.54 per square foot. The building sits on a 0.34-acre lot and benefits from its strategic location as an outparcel of Eden Centre, a shopping center anchored by prominent retailers, Food Lion and Tractor Supply Co. This prime location ensures excellent visibility and accessibility from S Van Buren Road, a high-traffic thoroughfare with 20,000 vehicles per day. Furthermore, the property's proximity to UNC Health Rockingham, a 108-bed community hospital less than a mile away, enhances its desirability and potential for long-term growth. The current Net Operating Income (NOI) stands at $57,090. This is a rare opportunity to acquire a stable, high-performing medical office investment in a desirable location. The property's strong tenant base, favorable lease terms, and strategic positioning make it an attractive addition to any investment portfolio.

Property profile

Verified
Property type Office Spaces
Total area 3,400 SF
Lot 0.34 ac (14,810 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Eye Care Center Optometrist
  • Physician
  • (Bike/Boat/Book/etc) Store
  • Physician

Location

812 Van Buren Rd Eden, NC 27288
Eden metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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