Summerfield Family Practice | 4431 Highway 220 N
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Summerfield Family Practice 4431 Highway 220 N
10,144 SF Office Building Summerfield, NC 27358 $2,594,070 ($255.72/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 5.5 Year Lease
- Lease Type: Modified Net
- Tenant: Atrium Health Wake Forest Baptist
- Roof: Age 2016 (15 Year Warranty)
EXECUTIVE SUMMARY
Renovated Atrium Health Family Medicine located in the rapidly growing market of Summerfield, NC. This 5.5 year lease has minimal landlord requirements. Roof warranty in place until 2031.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,144 SF
Building Class
C
Year Built
1962
Price
$2,594,070
Price Per SF
$255.72
Cap Rate
7%
NOI
$181,585
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,144 SF
Building FAR
0.12
Lot Size
2.00 AC
Zoning
HB - Highway Business
Parking
42 Spaces (4.14 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Atrium Health Wake Forrest
- Health Care and Social Assistance
- 10,144 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Atrium Health Wake Forrest | Health Care and Social Assistance | 10,144 SF | - | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 0146025 | Improvements Assessment | $449,900 |
| Land Assessment | $258,700 | Total Assessment | $708,600 |
PROPERTY TAXES
Parcel Number
0146025
Land Assessment
$258,700
Improvements Assessment
$449,900
Total Assessment
$708,600
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Summerfield Family Practice | 4431 Highway 220 N
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