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Catawba Valley Family Med - Hosp Adjcnt - NNN 3511 Graystone Pl SE 9,920 SF Office Building Conover, NC 28613 $2,102,700 ($211.97/SF) 8% Cap Rate
Investment Highlights
- Stable Asset Class – Healthcare Real Estate holds a strong track record of providing investors with long-term tenancy
- Growing Rental Rate – Keep up with inflationary pressures with this lease’s rent escalations matching the CPI capped at 4% annually.
- Hospital Tenant – Catawba Valley Medical Center leases this property as an extension of its 50+ locations throughout the region.
- Passive Income – Taxes, insurance, utilities, and routine maintenance are all covered by the tenant under this triple-net lease.
- Favorable Return – An 8.24% cap rate is offered for this asset, a unique opportunity to receive such a favorable return starting day one.
- Critical Healthcare Location – This asset sits less than 1,000 feet from the 258-bed, flagship hospital for Catawba Valley Medical Center
Executive Summary
Kyle Matthews
License # C38369, 288917 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # C38369, 288917 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,920 SF
Building Class
B
Year Built
1974
Price
$2,102,700
Price Per SF
$211.97
Cap Rate
8%
NOI
$168,216
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,960 SF
Building FAR
0.21
Lot Size
1.10 AC
Amenities
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 3722168257790000 | Improvements Assessment | $1,430,900 |
| Land Assessment | $167,700 | Total Assessment | $1,598,600 |
Property Taxes
Parcel Number
3722168257790000
Land Assessment
$167,700
Improvements Assessment
$1,430,900
Total Assessment
$1,598,600
Contacts
-
Ryan Burke -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Catawba Valley Family Med - Hosp Adjcnt - NNN | 3511 Graystone Pl SE
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