Property summary
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
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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