800 Park St, Williamston, NC 27892-2769
- Medical Office Space
- 0.63 lot acres
Current Use by Public Records
- Medical Office Space
Property Details for 800 Park St
- Lot size
- 0.63 lot acres
- Zone code
- M1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 504669
- APU
- 504669
Description
This exceptional investment opportunity presents a single-tenant, 4,164 square foot medical office building in Williamston, NC. The property, located at 800 Park St, boasts a strong 7.51% cap rate and a 10-year net lease with Affinity Health Partners, LLC, commencing May 1, 2024, and expiring April 30, 2034. The lease includes two 5-year renewal options and features 3% annual rent escalations. The building, constructed in 1992 and renovated in 2020, comprises two suites (approximately 1,200 and 2,950 square feet) and sits on a 0.63-acre lot zoned M1. The asking price is $610,000, translating to $146.49 per square foot. Landlord responsibilities are limited to roof and structural maintenance. The property enjoys a prime location near Highway 17, offering excellent visibility and proximity to major retailers like Belk, Food Lion, and AutoZone. Currently 100% occupied, this investment offers exceptional stability and growth potential. The Net Operating Income (NOI) is $45,804. This is a turnkey investment with a secure, long-term lease and built-in rent growth.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Williamston
- County
- Martin
- State
- North Carolina
- Longitude
- -77.0486
- Latitude
- 35.8474
