1023 Creekside Medical DrYork, SC 29745

Property Details for 1023 Creekside Medical Dr

Year built

1988

Lot size

0.95 AC

Property size (Sq ft)

6,440 SF

Property type

Other commercial real estate

APN

070-15-01-020

APU

701501020

Description

This exceptional investment opportunity presents a 7,088 square foot medical office building located at 1023 Creekside Medical Dr, York, SC 29745. The property, built in 1988 and renovated in 1995, sits on a 0.95-acre lot and boasts a strong 8.37% cap rate with a Net Operating Income (NOI) of $127,433. Currently 100% occupied by a single tenant under a Net Lease (NN+) agreement with a remaining lease term of approximately 1.6 years, expiring June 29, 2026. The lease commenced June 30, 2019, and includes CPI rent bumps. The asking price is $1,523,000, translating to a price per square foot of $214.87. This freestanding family medicine practice is strategically located in a retail and residential corridor, benefiting from a surging population growth and significant residential development nearby, including the McFarland Estates development. The tenant has occupied the space since 1988, demonstrating a stable patient base and long-term commitment. This property offers a compelling investment opportunity in a high-growth area with a strong tenant and favorable lease terms. The property is a single-tenant net lease medical office investment owned by a major hospital system.

• Alternative Use

  Use

  Valuation

  Residential

  $1,733,703

  Hospitality

  $1,588,063

  Educational

  $1,321,250

  Medical

  $1,366,690

  Retail

  $2,055,277

Location Insight

City

York

County

York

State

South Carolina

Latitude

34.9847

Longitude

-81.2196

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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