NNN Single Tenant Medical Office Building

701 North 2nd Street, Albemarle, NC

$1,415,000

Price

$85,215

NOI

4,369 sqft

Building Size

Gallery
Street
Map
Overview
NOI
$85,215
Building Size
4,369 sqft
Lot Area
0.58 acres
Occupancy
100%
Class
A
Lease Type
Absolute Net
Year Built
1996
Tenancy
Single
Floors
1
Parking Spots
22
Year Last Renovated
2022
Gross Leaseable Area
4369
Description

10-Year NNN Single Tenant Medical Office Lease with Attractive Annual Rental Increases. Tenant operates across 20 locations and boasts strong guarantor positions that offer safety and peace of mind to an investor. The Tenant is operating under a new 10+ Year NNN lease with no landlord responsibilities that includes annual 3.0% rental increases, providing a significant hedge against inflation and a boost to the overall cash flow of the asset.

Documents
Title
701_N_Second_St_NNN_MOB_Flyer.pdf
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Location
Gallery