For Sale
$995,000

900 Old Winston RdKernersville, NC 27284

Kernersville, NC: Prime Medical Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a Class B, 4,701 square foot medical office building located in Kernersville, North Carolina. The property, situated at 900 Old Winston Rd, consists of two units (222 and 320) within the desirable Linville Professional Center. Currently leased to Wake Forest Health Network under a five-year modified gross lease, the property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $69,650. The asking price is $995,000, translating to a price per square foot of $211.66. Built in 2007, the single-building property is zoned for office use and features a convenient location with easy access to Business 40 and South Main Street. The property's location within the Carolina Core ensures high visibility and accessibility for patients and staff. This turnkey investment offers a stable income stream with a creditworthy tenant, making it an attractive opportunity for discerning investors seeking a strong return on investment in a thriving medical market. The Forsyth County location and the established tenant provide a secure and profitable investment prospect. The property's APN is 6876-51-8519 & 6876-51-8527.

Highlights

  • 7% capitalization rate.
  • Five-year lease term.
  • Investment-grade credit tenant.
  • Modified gross lease structure.

Property Details for 900 Old Winston Rd

Property type
Office properties, Medical offices
Square Feet
4,701 SF
Class
B
Year Built
2007
Buildings
1
Units
2

Location Insight

City
Kernersville
County
Forsyth
State
North Carolina
Latitude
36.112008196802
Longitude
-80.097278464024
900 Old Winston Rd, Kernersville, North Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
900 Old Winston Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message