For Sale
$1,000,000

2265 Lewisville Clemmons RdClemmons, NC 27012

1,676 SF, 10-Year NNN Lease, 7.2% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This fee-simple condo, a 1,676 square foot medical office building in Clemmons, NC, presents a compelling investment opportunity. Currently 100% occupied by a single tenant under a 10-year absolute NNN lease, the property boasts a 7.20% cap rate and a $72,000 annual net operating income (NOI). The lease includes 3% annual rent bumps, mitigating inflation risk, and offers three and five-year renewal options. Built in 1995, this property is situated at 2265 Lewisville Clemmons Rd, Suite A, Clemmons, NC 27012, benefiting from high visibility on a major thoroughfare with over 33,000 vehicles per day. The location is within a thriving commercial area, near other medical offices, national retailers, and amenities. The asking price is $1,000,000, translating to $597 per square foot. This investment offers a stable, management-free opportunity in a high-growth market, with the tenant providing a personal guarantee. The property's strong location, long-term lease, and built-in rent increases make it an attractive option for investors seeking a recession-resistant, healthcare-related asset. The tenant has been operating successfully since 1996.

Highlights

  • 1,676 SF medical office condo in Clemmons, NC, on a major thoroughfare with over 33,000 VPD.
  • 100% occupied by a single tenant under a 10-year absolute NNN lease with 3% annual rent increases and renewal options.
  • 7.20% cap rate and $72,000 annual NOI.
  • High-visibility location near other medical offices and national retailers. Asking price: $1,000,000 ($597/SF).

Property Details for 2265 Lewisville Clemmons Rd

Property type
Retail properties, Office properties
Square Feet
1,676 SF
Year Built
1995

Location Insight

City
Clemmons
County
Forsyth
State
North Carolina
Latitude
36.042036
Longitude
-80.3865405
2265 Lewisville Clemmons Rd, Clemmons, North Carolina

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2265 Lewisville Clemmons Rd
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