853 Laurel St, Lincolnton, NC 28092-3642

This exceptional investment opportunity presents a 3,000 square foot medical office building in Lincolnton, North Carolina, currently 100% occupied by Atrium Health under a triple-net (NN) lease. The property, situated on a 0.495-acre lot at 853 S Laurel St, boasts 15 parking spaces and is conveniently located approximately five minutes from Highway 321 and ten minutes from Lincolnton Hospital. Built in 1986 and last renovated in 2014, the single-story building features O-I zoning. The current lease, with a corporate guarantee from Atrium Health, commenced December 1, 2022, and has a remaining term of three years, expiring December 1, 2027, with a five-year option at 102% of the current rate. The asking price is $640,000, representing a compelling 7.00% cap rate and a price per square foot of $213.33. The landlord is responsible for roof, asphalt, and HVAC replacement. This property has enjoyed continuous occupancy for over two decades, demonstrating its enduring appeal and strong tenant history. This is a rare opportunity to acquire a stable, net-leased medical office building with a high-quality tenant in a desirable location.