For Sale
$2,594,070

4431 Us-220 Summerfield, NC 27358

High-Yield Medical Office Building in NC

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fully occupied, single-tenant medical office building situated on a 2-acre lot in the thriving Summerfield, North Carolina market. The property, located at 4431 US-220, boasts 10,144 square feet within a single-story building. Currently leased to Atrium Health Family Medicine under a modified lease with a remaining term of 5.1 years (expiring January 1, 2030), this asset offers a strong, stable income stream. The lease includes annual rent bumps of 2%, ensuring consistent growth in rental income. The property's current Net Operating Income (NOI) is $181,585, resulting in an attractive 7.00% capitalization rate. The asking price is $2,594,070, translating to a price per square foot of $255.72. The building has undergone renovations and benefits from a roof warranty extending until 2031, minimizing potential maintenance expenses. This turnkey investment is ideal for those seeking a secure, high-yield property in a rapidly expanding area. The 100% occupancy rate and long-term lease provide significant peace of mind for investors. The property's location in Guilford County, NC, zip code 27358, offers excellent access to major transportation routes and a growing patient base.

Highlights

  • $2,594,070 asking price for a 10,144 SF medical office building.
  • 7.00% cap rate with a $181,585 NOI.
  • 100% occupancy with Atrium Health as the single tenant.
  • 5.1 years remaining on a modified lease expiring January 1, 2030, with 2% annual rent bumps.
  • Located on a 2-acre lot at 4431 US-220, Summerfield, NC 27358.

Property Details for 4431 Us-220

Property type
Office properties, Medical offices
Square Feet
10,144 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Summerfield
County
Guilford
State
North Carolina
Latitude
36.1865635
Longitude
-79.8899222

FAQs

What type of property is this?
Office property - High-Yield Medical Office Building in NC
Where is the office property located?
The property is located at 4431 Us-220 Summerfield, NC.
What is the asking price?
The asking price for this property is $2,594,070.
What are key features of this property?
This property features: $2,594,070 asking price for a 10,144 SF medical office building.; 7.00% cap rate with a $181,585 NOI.; 100% occupancy with Atrium Health as the single tenant.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4431 Us-220
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