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102 Endo Ln Hamlet, NC 28345

OFF-MARKET Office Spaces Google Maps
14,344 SF 3.33 ac lot
Estimated value
No estimation on file for this property yet.
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

Value estimations

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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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