Log In/Sign Up
Your email has been sent.
Peak Performance Physical Therapy 1202 E Main St 14,400 SF 100% Leased Office Building Havelock, NC 28532 $1,915,000 ($132.99/SF) 8.45% Cap Rate
EXECUTIVE SUMMARY
Stable Cash Flow: Anchored by Peak Performance Sports & Physical Therapy, a strong regional medical tenant with 14 locations, on a new 10-year lease commencing May 2025.
Diverse Tenancy: Current occupancy at 83%, with three tenants in place including medical, educational, and wellness uses, and one vacant suite offering lease-up potential.
Long-Term Tenancy: Peak Performance, and Kidz Choice just signed 10 year leases, putting the WALT of occupied space to 8.69 years.
Value-Add Opportunity: 2,600 SF of vacancy allows for additional rental income upside and improved overall yield.
Favorable Market Fundamentals: Competitive price per square foot of $132.99 which is well below replacement cost.
Close to MCAS Cherry Point: Minutes from one of the nation’s largest Marine Corps air stations, supporting over 23,000 military personnel and families and driving strong local demand.
Diverse Tenancy: Current occupancy at 83%, with three tenants in place including medical, educational, and wellness uses, and one vacant suite offering lease-up potential.
Long-Term Tenancy: Peak Performance, and Kidz Choice just signed 10 year leases, putting the WALT of occupied space to 8.69 years.
Value-Add Opportunity: 2,600 SF of vacancy allows for additional rental income upside and improved overall yield.
Favorable Market Fundamentals: Competitive price per square foot of $132.99 which is well below replacement cost.
Close to MCAS Cherry Point: Minutes from one of the nation’s largest Marine Corps air stations, supporting over 23,000 military personnel and families and driving strong local demand.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
14,400 SF
Year Built
2006
Price
$1,915,000
Price Per SF
$132.99
Cap Rate
8.45%
NOI
$161,834
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
14,400 SF
1 1
PROPERTY TAXES
| Parcel Number | 6-101-134 | Improvements Assessment | $836,800 |
| Land Assessment | $163,950 | Total Assessment | $1,000,750 |
PROPERTY TAXES
Parcel Number
6-101-134
Land Assessment
$163,950
Improvements Assessment
$836,800
Total Assessment
$1,000,750
1 of 22
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Peak Performance Physical Therapy | 1202 E Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.