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355 Venus St 6,600 SF 100% Leased Office Building Monroe, NC 28112 $1,739,743 ($263.60/SF) 7% Cap Rate
Investment Highlights
- Atrium Health is an AA-rated credit tenant
- The in-place lease features 2% annual rental escalations
- The property benefits from a weighted average lease term (WALT) exceeding five years
Executive Summary
The property offers investors a compelling opportunity to acquire a well-positioned office asset underpinned by stable, long-term cash flow. The asset is 100% leased to Atrium Health on a single-tenant basis.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$132,000
|
$20.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,000
|
$20.00
|
| Taxes |
$5,697
|
$0.86
|
| Operating Expenses |
$4,521
|
$0.69
|
| Total Expenses |
$10,218
|
$1.55
|
| Net Operating Income |
$121,782
|
$18.45
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $132,000 |
| Annual Per SF | $20.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $132,000 |
| Annual Per SF | $20.00 |
| Taxes | |
|---|---|
| Annual | $5,697 |
| Annual Per SF | $0.86 |
| Operating Expenses | |
|---|---|
| Annual | $4,521 |
| Annual Per SF | $0.69 |
| Total Expenses | |
|---|---|
| Annual | $10,218 |
| Annual Per SF | $1.55 |
| Net Operating Income | |
|---|---|
| Annual | $121,782 |
| Annual Per SF | $18.45 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,600 SF
Building Class
B
Year Built
1996
Price
$1,739,743
Price Per SF
$263.60
Cap Rate
7%
NOI
$121,782
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,600 SF
Building FAR
0.47
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
GB MONROE
Parking
25 Spaces (3.79 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Convenience Store
- Day Care
- Dry Cleaner
- Restaurant
- Signage
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Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Total Assessment | $2,800,800 | |
| Land Assessment | $507,900 | Annual Taxes | $5,697 ($0.86/SF) |
| Improvements Assessment | $2,292,900 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$507,900
Improvements Assessment
$2,292,900
Total Assessment
$2,800,800
Annual Taxes
$5,697 ($0.86/SF)
Tax Year
2025
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Contact the Sale Advisor
355 Venus St