795 US-64
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795 US-64
3,886 SF Office Building Plymouth, NC 27962 $1,135,872 ($292/SF) 6.29% Cap Rate
Investment Highlights
- 6.29% CAP - Net Leased Investment
- 10-Year Lease Signed April 2022
- Excellent Visibility from US-64 E
- $71,500 NOI starting April 2024
- Completely Renovated in 2020
- Prime Location across from Washington Regional Medical Center
Executive Summary
EXCEPTIONAL NET-LEASED INVESTMENT OPPORTUNITY - 6.29% CAP. This 3,886 SF medical office was completely renovated in 2020 offers modern functionality and long-term stability. Tenant just signed a 10-year lease in April 2022.
Features exam rooms, nurse's station, office area, three restrooms, a kitchenette/breakroom and lobby. Conveniently located on US-64 E, it benefits from high traffic visibility, located directly across from Washington Regional Medical Center and near a busy shopping center anchored by Food Lion. With an AADT of 14,500, this location guarantees prime exposure.
Features exam rooms, nurse's station, office area, three restrooms, a kitchenette/breakroom and lobby. Conveniently located on US-64 E, it benefits from high traffic visibility, located directly across from Washington Regional Medical Center and near a busy shopping center anchored by Food Lion. With an AADT of 14,500, this location guarantees prime exposure.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,886 SF
Building Class
B
Year Built
2005
Price
$1,135,872
Price Per SF
$292
Cap Rate
6.29%
NOI
$71,500
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,886 SF
Building FAR
0.11
Land Acres
0.80 AC
Opportunity Zone
Yes
Zoning
C2, Neighborhood Business - C2, Neighborhood Business
Parking
26 Spaces (6.69 Spaces per 1,000 SF Leased)
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 6777.09-16-8876 | Improvements Assessment | $540,100 |
| Land Assessment | $88,900 | Total Assessment | $629,000 |
PROPERTY TAXES
Parcel Number
6777.09-16-8876
Land Assessment
$88,900
Improvements Assessment
$540,100
Total Assessment
$629,000
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Vandan Gandhi, CCIM -
KW Commercial
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795 US-64
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