839 Durham Rd Wake Forest, NC 27587
Two-building medical office portfolio, strong lease terms.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Leading healthcare tenant, OIA, a major national operator, occupies both properties.
- Both tenants recently executed early lease renewals.
- Absolute NNN leases with 2.0% annual rent increases through 12/31/2027, increasing to 3.0% thereafter.
- High-traffic locations: Wake Forest site is near a top-performing Target; Madison site is in a dense retail area and near a Publix.
- Excellent visibility and access: Wake Forest site is on Capital Blvd (50,000 VPD); Madison site is on Hughes Rd (20,000 VPD).
- Located in high-growth Southeastern markets.
Property Details for 839 Durham Rd
- Property type
- Office properties, Medical offices
- Square Feet
- 8,759 SF
- Buildings
- 2
Location Insight
- City
- Wake Forest
- County
- Wake
- State
- North Carolina
- Latitude
- 35.9782376
- Longitude
- -78.5362729
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Two-building medical office portfolio, strong lease terms.
- Where is the office property located?
- The property is located at 839 Durham Rd Wake Forest, NC.
- What is the asking price?
- The asking price for this property is $2,274,000.
- What are key features of this property?
- This property features: Leading healthcare tenant, OIA, a major national operator, occupies both properties.; Both tenants recently executed early lease renewals.; Absolute NNN leases with 2.0% annual rent increases through 12/31/2027, increasing to 3.0% thereafter.
- How can I contact the broker?
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