2100 Cumberland St Dunn, NC 28334

Property Details for 2100 Cumberland St

Property size

4,216 SF

Property type

Medical offices

Description

This exceptional investment opportunity presents a 4,216 square foot medical office building in Dunn, North Carolina, occupied by an AFC Urgent Care franchisee under a 15-year absolute triple-net (NNN) lease. The lease commenced November 1, 2024, and expires November 1, 2039, with six five-year renewal options. The property boasts a strong 6.25% cap rate and a substantial net operating income (NOI) of $160,000. Rent increases are built in, with an 8% bump every five years, ensuring consistent income growth. Located at 2100 West Cumberland Street, this prime outparcel enjoys exceptional visibility and high traffic counts exceeding 22,000 vehicles per day. The building is situated near major national retailers, including Tractor Supply Co., Planet Fitness, Michaels, Belk, and Ollie's Bargain Outlet, as well as other prominent businesses such as Lowe's, Walmart, and several fast-food restaurants. Its proximity to Betsy Johnson Hospital, a facility with 87 inpatient beds, further enhances its strategic location. The tenant, a well-established and reputable franchisee of AFC Urgent Care, recently renovated the property to meet current brand standards. AFC Urgent Care operates over 350 centers nationwide, demonstrating the brand's strength and stability. This is a secure, low-maintenance investment with significant long-term potential. The asking price is $2,560,000, representing a price per square foot of $607.21. The property is currently 100% occupied.