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4275 Western Blvd 10,800 SF Office Building Jacksonville, NC 28546 $3,900,000 ($361.11/SF) 6.50% Cap Rate
Investment Highlights
- Exclusive Triple Net (NNN) investment opportunity for a 100% leased asset providing steady income and long-term growth potential.
- Single-tenant lease to Carolina East Health, a long-standing tenant, with a new five-year lease extension signed and options through 2040.
- Stabilized income-producing asset well-suited for an investor or 1031 exchange buyer seeking predictable cash flow and minimal day-to-day management.
- 4275 Western Boulevard, Jacksonville, NC, is a 10,800-square-foot Class A building comprising medical, office, and mixed-use space.
- High-traffic location with an optimistic demand outlook supported by many surrounding commercial destinations and traffic counts exceeding 47,000 VPD.
- Strong tenancy, durable fundamentals, and a clear path to long-term value preservation.
Executive Summary
Explore this valuable single-tenant, Triple Net (NNN) investment opportunity providing secure income on a robust lease and future-forward flexibility at 4275 Western Boulevard in Jacksonville, North Carolina.
4275 Western Boulevard is fully occupied by Carolina East Health, a well-regarded tenant with long-term occupancy and an outstanding rental history. Carolina East Health has just signed a new five-year lease extension with extensions through 2040 and scheduled rent increases, reinforcing the stability and long-term viability of this investment.
Spanning 10,800 square feet, this Class A medical, office, and mixed-use space is meticulously maintained, offering a turnkey solution for investors seeking an income-producing asset or a possible 1031 exchange. Originally developed as an investment property, it remains in excellent condition and has the flexibility to be subdivided should the tenant ever decide to vacate, though no such indication is anticipated.
Boasting significant frontage along Western Boulevard, the area’s primary commercial corridor, this address is particularly well-positioned to hold long-term value. The 2-mile stretch down Western Boulevard from this property to Highway 17 is lined with premier co-traffic drivers like Target, Chick-fil-A, Starbucks, two Walmart locations, Planet Fitness, and dozens of restaurants, underscoring this node’s desirability.
4275 Western Boulevard is fully occupied by Carolina East Health, a well-regarded tenant with long-term occupancy and an outstanding rental history. Carolina East Health has just signed a new five-year lease extension with extensions through 2040 and scheduled rent increases, reinforcing the stability and long-term viability of this investment.
Spanning 10,800 square feet, this Class A medical, office, and mixed-use space is meticulously maintained, offering a turnkey solution for investors seeking an income-producing asset or a possible 1031 exchange. Originally developed as an investment property, it remains in excellent condition and has the flexibility to be subdivided should the tenant ever decide to vacate, though no such indication is anticipated.
Boasting significant frontage along Western Boulevard, the area’s primary commercial corridor, this address is particularly well-positioned to hold long-term value. The 2-mile stretch down Western Boulevard from this property to Highway 17 is lined with premier co-traffic drivers like Target, Chick-fil-A, Starbucks, two Walmart locations, Planet Fitness, and dozens of restaurants, underscoring this node’s desirability.
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- Operating and Financials
- Rent Schedule
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
10,800 SF
Building Class
B
Year Built
2014
Price
$3,900,000
Price Per SF
$361.11
Cap Rate
6.50%
NOI
$253,500
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,800 SF
Building FAR
0.16
Lot Size
1.53 AC
Zoning
CC - Corridor Commercial
Parking
20 Spaces
1 1
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
7,945
38,013
64,114
2024 Population
7,695
36,425
62,290
Population Growth '20-'24
-3.2%
-4.2%
-2.8%
2020 Households
3,396
15,167
24,999
2024 Households
3,193
14,435
24,208
Household Growth '20-'24
-6.0%
-4.8%
-3.2%
Average Age
30
33
34
Median Household Income
$40,195
$50,883
$51,457
Daytime Employees
4,620
18,118
37,800
Total Businesses
542
2,010
4,019
College Degree + Higher
20%
23%
22%
Property Taxes
| Parcel Number | 060791 | Improvements Assessment | $1,427,790 |
| Land Assessment | $789,310 | Total Assessment | $2,217,100 |
Property Taxes
Parcel Number
060791
Land Assessment
$789,310
Improvements Assessment
$1,427,790
Total Assessment
$2,217,100
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