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Prime 6.55% CAP Net-Leased Medical Office 795 US-64 3,886 SF Office Building Plymouth, NC 27962 $1,135,872 ($292.30/SF) 6.55% Cap Rate
Investment Highlights
- 10-Year Medical Lease (2022) - Credit healthcare tenant provides long-term income security.
- Renovated in 2020 - Purpose-built medical office with exam rooms, nurse’s station, offices, and breakroom.
- Low-Management Investment - Ideal for 1031 and passive buyers seeking stable, long-term cash flow.
- Attractive Returns - ±$74,388.60 NOI, ±6.55% cap rate, with 2% annual rent escalations.
- Hospital-Adjacent Location - Directly across from Washington Regional Medical Center on US-64 East (±14,500 AADT).
Executive Summary
This ±3,886 SF single-tenant medical office offers immediate, dependable income backed by a long-term healthcare tenant on a 10-year lease signed in 2022. Fully renovated in 2020 and purpose-built for medical use, the asset generates a current NOI of ±$74,388.60 and delivers a strong ±6.55% cap rate with 2% annual rent escalations and minimal management.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,886 SF
Building Class
B
Year Built
2005
Price
$1,135,872
Price Per SF
$292.30
Cap Rate
6.55%
NOI
$74,400
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,886 SF
Building FAR
0.11
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
C2, Neighborhood Business - C2, Neighborhood Business
Parking
26 Spaces (6.69 Spaces per 1,000 SF Leased)
Amenities
- Signage
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Property Taxes
| Parcel Number | 6777.09-16-8876 | Improvements Assessment | $540,100 |
| Land Assessment | $88,900 | Total Assessment | $629,000 |
Property Taxes
Parcel Number
6777.09-16-8876
Land Assessment
$88,900
Improvements Assessment
$540,100
Total Assessment
$629,000
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Prime 6.55% CAP Net-Leased Medical Office | 795 US-64
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