For Sale
$15,600,000

5402 Market St Greensboro, NC 27409

High-yield, NNN-leased medical offices in Greensboro

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional portfolio comprises six net-leased medical office buildings totaling $15,600,000. Located in Greensboro, North Carolina, at 5402 W Market St, zip code 27409, this 100% occupied investment opportunity boasts a weighted average lease term of approximately 5.65 years, with one tenant holding a lease extending approximately 11.4 years. The portfolio features an assumable loan with a 3.92% interest rate, a remaining balance of $9,338,500, and a 30-year amortization schedule maturing October 8, 2031, resulting in a 6.62% cash-on-cash return. All leases include attractive rental increases. Tenants are all corporate-guaranteed by highly reputable healthcare companies including FastMed Urgent Care, Centura Health, Dayton Respiratory Center, M Health Fairview Clinic, Fresenius Medical Care, and Redirect Health. This presents a stable, high-return investment with significant long-term potential in a growing market. The portfolio's strong tenant base and long-term leases provide a secure and predictable income stream. This is a rare opportunity to acquire a diversified, high-quality medical office portfolio with exceptional financial performance and significant upside potential. The properties are strategically located in a high-demand area with excellent access to major transportation routes and amenities.

Highlights

  • FastMed Urgent Care occupies the space, operating nearly 200 urgent care centers nationwide.
  • Centura Health, a leading regional healthcare provider, occupies the space.
  • Dayton Respiratory Center, offering comprehensive respiratory services, occupies the space.
  • M Health Fairview Clinic, a partnership between the University of Minnesota and Fairview Health Services, occupies the space.
  • Fresenius Medical Care, a global leader in kidney care, occupies the space.
  • Redirect Health, a healthcare solutions platform, occupies the space.

Property Details for 5402 Market St

Property type
Office properties, Medical offices

Location Insight

City
Greensboro
County
Guilford
State
North Carolina
Latitude
36.0737473
Longitude
-79.8862356

FAQs

What type of property is this?
Office property - High-yield, NNN-leased medical offices in Greensboro
Where is the office property located?
The property is located at 5402 Market St Greensboro, NC.
What is the asking price?
The asking price for this property is $15,600,000.
What are key features of this property?
This property features: FastMed Urgent Care occupies the space, operating nearly 200 urgent care centers nationwide.; Centura Health, a leading regional healthcare provider, occupies the space.; Dayton Respiratory Center, offering comprehensive respiratory services, occupies the space.
How can I contact the broker?
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5402 Market St
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