Novant Health Medical Office 885 Summit Crossing Pl 11,588 SF Office Building Gastonia, NC 28054 $8,150,000 ($703.31/SF) 6% Cap Rate

Flagship Healthcare Properties, LLC is pleased to present the exclusive sale of a 100% occupied, single tenant medical office building investment leased to Novant Medical Group, Inc. in Gastonia, North Carolina. Constructed as a Build-to-Suit in 2023, the property is leased to Novant for 10 years with two (2) three (3) year renewal options. Novant Medical Group, Inc. is a subsidiary of Novant Health, Inc. with a long-term credit rating of A+.
This state-of-the-art, healthcare facility is offered for sale at $8,150,000, reflecting a 6.0% cap rate on projected Net Operating Income (NOI) for calendar year 2027. The current lease expiration date of August 31, 2033 reflects a Weighted Average Lease Term (WALT) of 7 years. The lease is structured as triple net (NNN) with minimal Landlord responsibilities.
The 11,588 GSF outpatient clinic is located on 2.75 acres in close proximity to CaroMont Regional Medical Center and numerous specialty medical practices. The property serves the greater Gastonia area, which is the largest city in Gaston County and one of the core counties in the Charlotte MSA.