For Sale
$610,000

800 Park StWilliamston, NC 27892

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a single-tenant, 4,164 square foot medical office building in Williamston, NC. The property, located at 800 Park St, boasts a strong 7.51% cap rate and a 10-year net lease with Affinity Health Partners, LLC, commencing May 1, 2024, and expiring April 30, 2034. The lease includes two 5-year renewal options and features 3% annual rent escalations. The building, constructed in 1992 and renovated in 2020, comprises two suites (approximately 1,200 and 2,950 square feet) and sits on a 0.63-acre lot zoned M1. The asking price is $610,000, translating to $146.49 per square foot. Landlord responsibilities are limited to roof and structural maintenance. The property enjoys a prime location near Highway 17, offering excellent visibility and proximity to major retailers like Belk, Food Lion, and AutoZone. Currently 100% occupied, this investment offers exceptional stability and growth potential. The Net Operating Income (NOI) is $45,804. This is a turnkey investment with a secure, long-term lease and built-in rent growth.

Highlights

  • $610,000 asking price for a 4,164 SF medical office building in Williamston, NC.
  • Net-leased to Affinity Health Partners, LLC, a strong medical operator, on a 10-year lease (commencing May 1, 2024) with two 5-year renewal options.
  • 7.51% cap rate with 3% annual rent escalations.
  • 100% occupancy, generating a net operating income (NOI) of $45,804.
  • Property features a 2020 renovation and is situated in a high-traffic retail area near Hwy 17.

Property Details for 800 Park St

Property type
Office properties, Medical offices
Square Feet
4,164 SF
Class
B
Year Built/Renovated
1992/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
27,443 SF
Units
2

Location Insight

City
Williamston
County
Martin
State
North Carolina
Latitude
35.84761122
Longitude
-77.04820407
800 Park St, Williamston, North Carolina

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800 Park St
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