Current Use by Public Records
- Office Spaces
Property Details for 714 Highway St
- Lot size
- 1.13 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a 3,899 square foot, single-tenant medical office building located at 714 Hwy St, Madison, NC 27025. The property boasts 100% occupancy with a strong, creditworthy tenant under a Net Lease (NN) agreement, providing a secure and stable income stream. The asking price is $1,104,622, representing a compelling 7.50% cap rate and a price per square foot of $283.31. The building sits on a 1.13-acre lot and benefits from a 1% annual rent increase at the beginning of each year, ensuring consistent growth in rental income. The property's Net Operating Income (NOI) is $82,846. Strategically positioned as an outparcel to the New Market Madison Shopping Center, anchored by Rose's and Tractor Supply Co., this location offers excellent visibility and accessibility from Highway Street, which sees 11,000 vehicles per day. Nearby retailers include Food Lion, Walmart, Lowe's Home Improvement, Harbor Freight Tools, CVS, and Dollar Tree, creating a vibrant and thriving commercial environment. This freestanding building is approximately 30 miles northeast of Winston-Salem and 33 miles northwest of Greensboro, NC, providing convenient access to major transportation routes and a substantial regional population. This is a rare opportunity to acquire a high-performing, single-tenant medical office building in a prime location with significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Rockingham
- State
- North Carolina
- Longitude
- -79.9685
- Latitude
- 36.3955
