NNN Single Tenant Medical Office Building
$1,415,000
701 North 2nd Street, Albemarle, NC 28001
For Sale
Office
Medical
Active
Last Updated: 11/03/2022
85,215
NOI
4,369 sqft
Building Size
Details:
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: 4,369
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:
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701_N_Second_St_NNN_MOB_Flyer.pdf
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Location
Gallery
