102 Endo LnHamlet, NC 28345

Property Details for 102 Endo Ln

Lot size

3.33 AC

Property size (Sq ft)

14,344 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a 14,344 square foot medical office building in Hamlet, North Carolina. The property consists of two single-story buildings situated on a 3.33-acre lot, with an option to purchase an additional 10.21 acres. Built in 2006, each building offers 7,172 rentable square feet. The property is currently 77% occupied by FirstHealth of the Carolinas, a highly rated (Fitch AA) not-for-profit healthcare network with a long-term lease in place. The current Net Lease agreement has a remaining term of approximately 2.6 years, with a lease expiration date of June 30, 2027, and includes three 2-year renewal options. Rent increases are capped at 2% annually based on the CPI. The asking price is $2,500,000, representing a 7.25% capitalization rate and a price per square foot of $174.29. The property generates a Net Operating Income (NOI) of $181,326. This presents a stable, low-management investment with significant upside potential. The property's location in Hamlet, NC, offers convenient access to a large service area within Richmond County. The property's strong tenant and favorable lease terms make it an attractive investment opportunity for discerning buyers.

Location Insight

City

Hamlet

County

Richmond

State

North Carolina

Latitude

34.9001

Longitude

-79.7064

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