5402 Market StGreensboro, NC 27409

Property Details for 5402 Market St

Year built

1990

Construction

FRAME

Lot size

3.93 AC

Property size (Sq ft)

6,400 SF

Zone code

C-M

Property type

Commercial real estate

APN

42161

APU

42161

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $795,776

  6.5%

  $734,562

  7%

  $682,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $812,371

  Geo Method

  $1,469,060

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,639,110

  Retail / Commercial

  $802,760

  Mixed-Use / Specialty

  $770,136

  Hospitality / Lodging

  $526,276

  Office

  $734,562

  Institutional / Educational

  $789,995

  Residential Income

  $924,294

  Multifamily

  $1,273,540

  Automotive / Energy

  $677,138

  Parking / Income-Based Land

  $263,076

  Restaurant / Food Service

  $337,036

  Healthcare / Senior Housing

  $820,281

Location Insight

City

Greensboro

County

Guilford

State

North Carolina

Latitude

36.0744

Longitude

-79.8863

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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