1402 Eastchester Dr High Point, NC 27265-2308
- Office Properties & Spaces
- 3,396 SF
- 0.81 lot acres
Current Use by Public Records
- The Eyecare Group / Contact Lenses Supplier / Optometrist
- Dr. John B. McWhorter OD / Optometrist
- Kowal David J OD / Optometrist
- Call Becky E OD / Optometrist / Eye Care
- Dr. Andrew Simpson / Optometrist / Practitioner Service Location
Property Details for 1402 Eastchester Dr
- Year built
- 1996
- Construction
- FRAME
- Lot size
- 0.81 lot acres
- Property size
- 3,396 SF
- Zone code
- OI
- Property type
- Office Properties & Spaces
- APN
- 196869
- APU
- 196869
Description
This single-story, 3,396 square foot medical office building at 1402 Eastchester Drive in High Point, North Carolina, presents a compelling investment opportunity. Currently 100% occupied by The Eye Care Group under a triple-net (NNN) lease, the property boasts a strong 7.40% capitalization rate and a substantial net operating income (NOI) of $72,000. The lease, recently renewed, extends through July 31, 2028, with two 5-year renewal options. The building is exceptionally well-maintained and benefits from excellent visibility on Eastchester Drive, along with ample surface parking. Its strategic location offers convenient access to High Point Medical Center, High Point University, and Interstate 74, ensuring high patient traffic and strong tenant appeal. The asking price for this turnkey investment is $975,000. This property is a rare find, combining a stable, long-term lease with a desirable location and strong financial performance. The building's single-tenant occupancy minimizes management complexities, making it an ideal investment for both seasoned and new investors seeking a reliable income stream in a thriving medical market. The property is located in Guilford County, North Carolina, zip code 27265.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,005,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $975,000
- 6.5%
- $985,000
- 7%
- $1,000,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,165,000
- Geo Method
- $1,030,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $940,000
- Retail
- $1,115,000
- Mixed-Use
- $1,000,000
- Hospitality
- $1,010,000
- Educational
- $955,000
- Residential Income
- $1,000,000
- Energy
- $1,075,000
- Income-Based Land
- $950,000
- Food Service
- $925,000
Location Insight
- Map
- Local Demand
- City
- High Point
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.994
- Latitude
- 35.9978
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
