AMG Healthcare Portfolio 2 Office Properties Offered at $5,200,000 in Multiple Locations

The AMG Healthcare Portfolio is offered for $5,200,000, reflecting a 7.9% cap rate on current net income of $408,960. Both properties are secured under a single 10-year absolute net master lease with 3% annual increases. Subtenants include Atlantic Medical Group (AMG) and the U.S. Department of Veterans Affairs (VA). The leases extend through October 2032, offering consistent cash flow and long-term income security.
Property Descriptions
The AMG Healthcare Portfolio presents a rare opportunity to acquire two fully leased, net-leased medical office assets totaling 12,653 SF across Kinston and Jacksonville, North Carolina. Both single-story buildings feature high-quality construction with monument signage and attractive façades designed for outpatient care delivery. The portfolio is 100% leased to strong healthcare operators under a master absolute net lease, providing a truly passive investment with zero landlord responsibilities.
The Jacksonville property spans 6,775 SF on 0.97 acres near Onslow Memorial Hospital, while the Kinston property encompasses 5,878 SF on 2 acres near UNC Lenoir Health Care. The Kinston site includes an Ambulatory Surgery Center (ASC) with a state-issued Certificate of Need (CON), ensuring tenant stability and long-term medical use. Combined net rent of $408,960 supports a 7.9% cap rate, backed by long-standing tenancy and annual escalations through 2032.
Location Description
Positioned in two growing regional medical markets, these assets benefit from strong healthcare demand and proximity to major hospitals. Jacksonville, the commercial center of Onslow County, is home to Marine Corps Base Camp Lejeune and a 162-bed acute-care hospital less than a mile from the property. The area’s expanding population and military-supported economy sustain a robust base of medical and professional services.
Kinston, located 80 miles east of Raleigh, supports UNC Lenoir Health Care, a 261-bed hospital just 0.7 miles away. The city hosts major aerospace employers such as Spirit AeroSystems and Global TransPark, alongside a rising healthcare employment base. Kinston’s low cost of living, over 21% below the national average, enhances physician recruitment and patient accessibility.