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UNC Health 2201 Old Nc 86 Hwy 5,470 SF Office Building Hillsborough, NC 27278 $2,275,000 ($415.90/SF) 6.33% Cap Rate
Investment Highlights
- TRIANGLE REGION ECONOMIC GROWTH
- AFFLUENT SURROUNDING DEMOGRAPHICS
- PROXIMITY TO MAJOR GROWTH & REDEVELOPMENT
Executive Summary
INSTITUTIONAL MEDICAL TENANT
- UNC Health Care is a leading, not for-profit integrated health system owned by the State of North Carolina
- Backed by University of North Carolina Hospitals at Chapel Hill
- Systemwide operations include 15 hospitals and over 900 outpatient clinics statewide
AFFLUENT SURROUNDING DEMOGRAPHICS
- Hillsborough benefits from high household incomes and strong homeownership
- 3-mile AHHI exceeds $145K
- Stable professional base anchored by UNC, Duke, and Research Triangle Park employment centers
STRATEGIC MEDICAL CORRIDOR LOCATION
- Positioned along Old NC 86 Hwy near I-85 & I-40
- Minutes from UNC Health Hillsborough Campus and less than 15 miles from UNC Medical Center in Chapel Hill
- Serves as a key access point for patients from Hillsborough, Durham, and Mebane markets
PROXIMITY TO MAJOR GROWTH & REDEVELOPMENT
- Located within the rapidly expanding Orange County corridor experiencing strong healthcare, residential, and mixed-use development
- Nearby projects include the Collins Ridge master-planned community (1,200+ homes) and UNC Health’s recent medical campus expansion
TRIANGLE REGION ECONOMIC GROWTH
- Part of the greater Raleigh-Durham-Chapel Hill MSA, one of the fastest-growing regions in the U.S.
- The Triangle has added over 300,000 residents in the past decade
- Continued job expansion in healthcare, technology, and education sectors drives long-term real estate demand
- UNC Health Care is a leading, not for-profit integrated health system owned by the State of North Carolina
- Backed by University of North Carolina Hospitals at Chapel Hill
- Systemwide operations include 15 hospitals and over 900 outpatient clinics statewide
AFFLUENT SURROUNDING DEMOGRAPHICS
- Hillsborough benefits from high household incomes and strong homeownership
- 3-mile AHHI exceeds $145K
- Stable professional base anchored by UNC, Duke, and Research Triangle Park employment centers
STRATEGIC MEDICAL CORRIDOR LOCATION
- Positioned along Old NC 86 Hwy near I-85 & I-40
- Minutes from UNC Health Hillsborough Campus and less than 15 miles from UNC Medical Center in Chapel Hill
- Serves as a key access point for patients from Hillsborough, Durham, and Mebane markets
PROXIMITY TO MAJOR GROWTH & REDEVELOPMENT
- Located within the rapidly expanding Orange County corridor experiencing strong healthcare, residential, and mixed-use development
- Nearby projects include the Collins Ridge master-planned community (1,200+ homes) and UNC Health’s recent medical campus expansion
TRIANGLE REGION ECONOMIC GROWTH
- Part of the greater Raleigh-Durham-Chapel Hill MSA, one of the fastest-growing regions in the U.S.
- The Triangle has added over 300,000 residents in the past decade
- Continued job expansion in healthcare, technology, and education sectors drives long-term real estate demand
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
5,470 SF
Building Class
A
Year Built
2007
Price
$2,275,000
Price Per SF
$415.90
Cap Rate
6.33%
NOI
$144,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,470 SF
Building FAR
0.12
Lot Size
1.07 AC
Parking
68 Spaces (12.43 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- UNC Health
- Health Care and Social Assistance
- 5,470 SF
- -
- Apr 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| UNC Health | Health Care and Social Assistance | 5,470 SF | - | Apr 2028 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 9863982019 | Improvements Assessment | $1,673,600 |
| Land Assessment | $559,300 | Total Assessment | $2,232,900 |
Property Taxes
Parcel Number
9863982019
Land Assessment
$559,300
Improvements Assessment
$1,673,600
Total Assessment
$2,232,900
Contacts
-
David Hoppe -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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UNC Health | 2201 Old Nc 86 Hwy
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