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1202 Medical Center Dr 66,164 SF Health Care Building Offered at $11,850,000 in Wilmington, NC 28401
INVESTMENT HIGHLIGHTS
- Located in high growth population area
- Located in premier healthcare corridor
- Stabilized cashflow through leaseback
EXECUTIVE SUMMARY
1202 Medical Center Drive
FOR SALE | SALE-LEASEBACK OPPORTUNITY
1202 Medical Center Drive | Wilmington, NC 28401
________________________________________
Flagship Medical Facility in Prime Healthcare Corridor
1202 Medical Center Drive presents a rare opportunity to acquire a ±66,164 RSF medical office building located in Wilmington’s most established and sought-after medical district.
Wilmington Health, the region’s leading healthcare provider, will complete a sale-leaseback on the building as they transition select services to The Pointe at Barclay. The remaining space offers exceptional upside for additional medical tenancy in a high-demand submarket.
________________________________________
Investment Highlights
• Total Building Size: ±66,164 RSF (3 floors)
• In-Place Tenant: Wilmington Health (sale-leaseback at closing)
• Parking: Ample on-site parking for staff and patients
• Infrastructure: Robust power & medical-ready buildout
• Lease Structure: Triple Net
• Cap Rate / Pro Forma: Available upon request
• Zoning: O&I
________________________________________
Location Advantages
• Located in Wilmington’s premier healthcare corridor
• Adjacent to Novant Health New Hanover Regional Medical Center, one of the largest and busiest hospitals in the region.
• Minutes from Wrightsville Beach, Landfall Submarket, and many other residential communities, along with multiple commercial development zones.
• Excellent access via 17th Street, Independence Blvd, & Carolina Beach Road
• Located in a high-growth population corridor, with increasing demand for healthcare services fueled by both aging demographics and continued residential and economic growth in New Hanover, Brunswick, and surrounding counties.
________________________________________
Investment Strength
• Stabilized cash flow through leaseback with a creditworthy medical tenant
• Ideal for investors seeking medical office stability and long-term upside
• Located in one of the fastest-growing coastal regions in the Southeast
Don’t miss this rare opportunity to acquire a highly visible medical office building in one of the most dynamic healthcare corridors in coastal North Carolina — with a long-term leaseback from an established medical practice.
For More Information, please contact the Listing Broker.
#saleleaseback#incomeproperty#Medicaloffice#medical
FOR SALE | SALE-LEASEBACK OPPORTUNITY
1202 Medical Center Drive | Wilmington, NC 28401
________________________________________
Flagship Medical Facility in Prime Healthcare Corridor
1202 Medical Center Drive presents a rare opportunity to acquire a ±66,164 RSF medical office building located in Wilmington’s most established and sought-after medical district.
Wilmington Health, the region’s leading healthcare provider, will complete a sale-leaseback on the building as they transition select services to The Pointe at Barclay. The remaining space offers exceptional upside for additional medical tenancy in a high-demand submarket.
________________________________________
Investment Highlights
• Total Building Size: ±66,164 RSF (3 floors)
• In-Place Tenant: Wilmington Health (sale-leaseback at closing)
• Parking: Ample on-site parking for staff and patients
• Infrastructure: Robust power & medical-ready buildout
• Lease Structure: Triple Net
• Cap Rate / Pro Forma: Available upon request
• Zoning: O&I
________________________________________
Location Advantages
• Located in Wilmington’s premier healthcare corridor
• Adjacent to Novant Health New Hanover Regional Medical Center, one of the largest and busiest hospitals in the region.
• Minutes from Wrightsville Beach, Landfall Submarket, and many other residential communities, along with multiple commercial development zones.
• Excellent access via 17th Street, Independence Blvd, & Carolina Beach Road
• Located in a high-growth population corridor, with increasing demand for healthcare services fueled by both aging demographics and continued residential and economic growth in New Hanover, Brunswick, and surrounding counties.
________________________________________
Investment Strength
• Stabilized cash flow through leaseback with a creditworthy medical tenant
• Ideal for investors seeking medical office stability and long-term upside
• Located in one of the fastest-growing coastal regions in the Southeast
Don’t miss this rare opportunity to acquire a highly visible medical office building in one of the most dynamic healthcare corridors in coastal North Carolina — with a long-term leaseback from an established medical practice.
For More Information, please contact the Listing Broker.
#saleleaseback#incomeproperty#Medicaloffice#medical
PROPERTY FACTS
| Price | $11,850,000 | Building Size | 66,164 SF |
| Price Per Bed | $11,850,000 | No. Beds | 1 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Health Care | Year Built/Renovated | 1992/2022 |
| Property Subtype | Hospital | Tenancy | Single |
| Building Class | B | Parking Ratio | 4.84/1,000 SF |
| Lot Size | 6.30 AC |
| Price | $11,850,000 |
| Price Per Bed | $11,850,000 |
| Sale Type | Investment |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | B |
| Lot Size | 6.30 AC |
| Building Size | 66,164 SF |
| No. Beds | 1 |
| No. Stories | 3 |
| Year Built/Renovated | 1992/2022 |
| Tenancy | Single |
| Parking Ratio | 4.84/1,000 SF |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $12,920,800 | |
| Land Assessment | $814,000 | Total Assessment | $13,734,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$814,000
Improvements Assessment
$12,920,800
Total Assessment
$13,734,800
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