2509 Richardson Dr Reidsville, NC 27320
8,000 SF Medical/Retail Complex, 7.75% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Stable Medical Office Building Investment: Healthcare tenants offer long-term lease stability.
- Strong 7.75% Cap Rate: Attractive year-one return in the current interest rate environment.
- Significant Value-Add Opportunity: Below-market rents offer potential for lease rate increases.
- Desirable Reidsville, Rockingham County Location: Combines small-town charm with ample amenities and economic opportunities.
- $27 Million Community Investment: New Drylock manufacturing center creating over 100 jobs.
- Creditworthy Cone Health Tenant: Long-term tenant backed by a large, reputable healthcare system.
Property Details for 2509 Richardson Dr
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 8,000 SF
- Year Built
- 1972
- Buildings
- 1
- Stories
- 1
- Units
- 4
Location Insight
- City
- Reidsville
- County
- Rockingham
- State
- North Carolina
- Latitude
- 36.3334108
- Longitude
- -79.6947879
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - 8,000 SF Medical/Retail Complex, 7.75% Cap Rate
- Where is the lifestyle center located?
- The property is located at 2509 Richardson Dr Reidsville, NC.
- What is the asking price?
- The asking price for this property is $1,013,471.
- What are key features of this property?
- This property features: Stable Medical Office Building Investment: Healthcare tenants offer long-term lease stability.; Strong 7.75% Cap Rate: Attractive year-one return in the current interest rate environment.; Significant Value-Add Opportunity: Below-market rents offer potential for lease rate increases.
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