For Sale
$5,624,467

Bird Rd Albemarle, NC 28001

High-yield NNN medical office, 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional investment opportunity presents a fee-simple, 6,507 square-foot medical office building in Albemarle, North Carolina. Located at Bird Rd, 28001, this property sits on a 1.29-acre lot and boasts a strong 7.50% cap rate, generating a substantial net operating income (NOI) of $421,835 annually. The property is currently under a 20-year triple-net (NNN) lease with Parachute Plasma, a corporate-guaranteed tenant, ensuring minimal landlord responsibilities. Built in 2024, the building benefits from a new construction and long-term lease stability. The lease includes annual rent increases of 2.00% commencing in year six, providing consistent growth in income. This investment offers a secure, high-return opportunity in a growing market, backed by a financially sound tenant with a significant expansion plan. The tenant, Parachute Plasma, currently operates 26 locations and projects expansion to over 100 locations by the end of 2028. The asking price for this exceptional property is $5,624,467. This is a rare opportunity to acquire a high-quality, long-term net lease investment with significant upside potential.

Property Details for 0 Bird Rd

Property type
Office properties, Medical offices
Square Feet
6,507 SF
Year Built
2024
Lot Size (sq. ft)
56,192 SF

Location Insight

City
Albemarle
County
Stanly
State
North Carolina
Latitude
35.3444933
Longitude
-80.1682339
Bird Rd, Albemarle, North Carolina

FAQs

What type of property is this?
Office property - High-yield NNN medical office, 20-year lease.
Where is the office property located?
The property is located at Bird Rd Albemarle, NC.
What is the asking price?
The asking price for this property is $5,624,467.
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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0 Bird Rd
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