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    OFF-MARKET
    Office Spaces

    102 Endo Ln, Hamlet, NC 28345

    14,344 SF 3.33 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 14,344 square foot medical office building in Hamlet, North Carolina. The property consists of two single-story buildings situated on a 3.33-acre lot, with an option to purchase an additional 10.21 acres. Built in 2006, each building offers 7,172 rentable square feet. The property is currently 77% occupied by FirstHealth of the Carolinas, a highly rated (Fitch AA) not-for-profit healthcare network with a long-term lease in place. The current Net Lease agreement has a remaining term of approximately 2.6 years, with a lease expiration date of June 30, 2027, and includes three 2-year renewal options. Rent increases are capped at 2% annually based on the CPI. The asking price is $2,500,000, representing a 7.25% capitalization rate and a price per square foot of $174.29. The property generates a Net Operating Income (NOI) of $181,326. This presents a stable, low-management investment with significant upside potential. The property's location in Hamlet, NC, offers convenient access to a large service area within Richmond County. The property's strong tenant and favorable lease terms make it an attractive investment opportunity for discerning buyers.

    Property profile
    Verified
    Property type Office Spaces
    Total area 14,344 SF
    Lot 3.33 ac (145,055 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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