2265 Lewisville Clemmons RdClemmons, NC 27012

Property Details for 2265 Lewisville Clemmons Rd

Year built

1995

Construction

STEEL FRAME

Lot size

3.24 AC

Property size (Sq ft)

1,675 SF

Zone code

LO-S

Property type

Medical offices

Property subtype

Medical centers

APN

5893-07-0096.00

APU

589307009600

Description

This fee-simple condo, a 1,676 square foot medical office building in Clemmons, NC, presents a compelling investment opportunity. Currently 100% occupied by a single tenant under a 10-year absolute NNN lease, the property boasts a 7.20% cap rate and a $72,000 annual net operating income (NOI). The lease includes 3% annual rent bumps, mitigating inflation risk, and offers three and five-year renewal options. Built in 1995, this property is situated at 2265 Lewisville Clemmons Rd, Suite A, Clemmons, NC 27012, benefiting from high visibility on a major thoroughfare with over 33,000 vehicles per day. The location is within a thriving commercial area, near other medical offices, national retailers, and amenities. The asking price is $1,000,000, translating to $597 per square foot. This investment offers a stable, management-free opportunity in a high-growth market, with the tenant providing a personal guarantee. The property's strong location, long-term lease, and built-in rent increases make it an attractive option for investors seeking a recession-resistant, healthcare-related asset. The tenant has been operating successfully since 1996.

• CAP approach

  CAP return

  Valuation

  6%

  $183,767

  6.5%

  $169,631

  7%

  $157,515

• Comparable approach

  Method

  Valuation

  Relative Method

  $212,613

  Geo Method

  $283,644

• Alternative Use

  Use

  Valuation

  Residential

  $210,343

  Hospitality

  $192,673

  Educational

  $160,302

  Medical

  $165,815

  Retail

  $249,358

Location Insight

City

Clemmons

County

Forsyth

State

North Carolina

Latitude

36.042

Longitude

-80.3865

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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