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Office Medical

First Health of the Carolinas Medical Office

102 Endo Ln, Hamlet, NC 28345

Listing Price: $2,383,000

Cap Rate
7.45%
Gross SF
14,344
Rentable SF
14,344
Price/Gross SF
$166.13
Occupancy
77.3%
Year Built
2006
Lot Size
3.33 acres

Investment Overview

Marcus & Millichap is pleased to present 102-108 Endo Lane in Hamlet, North Carolina. The two-building medical office portfolio sits on a 3.33-acre plot of land with the option to purchase an additional 10.21 acres. Each building boasts 7,172-rentable-square-feet, and constructed in 2006. Building B (108 Endo) is 100 percent Occupied by First Health of The Carolinas. Building A (102 Endo) is approximately 60 percent occupied by FirstHealth of The Carolinas. All tenants operate under a desirable Double-Net lease structure with minimal landlord responsibilities. Hamlet is an hour and a half outside of Charlotte, North Carolina. Hamlet Avenue, a crossroad of the property, sees over 11,000 vehicles daily. Within proximity of the site is Richmond Country Regional Airport, Walmart, Lowes, various dining options, and a few hotels. Adjacent to the property is the Sandhills Regional Medical Center, currently being used to treat COVID-19 patients. Hamlet is also home to a large CSX Railway station. FirstHealth of the Carolinas, a private, not-for-profit health care network, is headquartered in Pinehurst, NC. Its 5,300 employees serve 15 counties in the mid-Carolinas. Licensed for four hospitals with 610 beds, FirstHealth demonstrates a commitment to treating the whole patient and to providing quality health care for the entire community – especially those in need. The subject property offers investors the opportunity to acquire a stabilized, minimally management intensive asset with potential upside. First Health of the Carolinas has an AA credit rating from Fitch Ratings. Hamlet is an hour and a half outside of Charlotte, North Carolina. Hamlet Avenue, a crossroad of the property, sees over 11,000 vehicles daily. Within proximity of the site is Richmond Country Regional Airport, Walmart, Lowes, various dining options, and a few hotels. Adjacent to the property is the Sandhills Regional Medical Center, currently being used to treat COVID-19 patients. Hamlet is also home to a large CSX Railway station. FirstHealth of the Carolinas, a private, not-for-profit health care network, is headquartered in Pinehurst, NC. Its 5,300 employees serve 15 counties in the mid-Carolinas. Licensed for four hospitals with 610 beds, FirstHealth demonstrates a commitment to treating the whole patient and to providing quality health care for the entire community – especially those in need. The subject property offers investors the opportunity to acquire a stabilized, minimally management intensive asset with potential upside. First Health of the Carolinas has an AA credit rating from Fitch Ratings.

Investment Highlights

  • AA Credit Rated Tenant (First Health of the Carolinas)
  • Approximately $50,000 recently invested to new flooring and paint on building 108
  • FirstHealth pays for and administers all CAM for entire asset

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Office Medical

First Health of the Carolinas Medical Office

Listing Price: $2,383,000

Cap Rate
7.45%
Gross SF
14,344
Rentable SF
14,344
Price/Gross SF
$166.13
Occupancy
77.3%
Year Built
2006
Lot Size
3.33 acres

Investment Highlights

  • AA Credit Rated Tenant (First Health of the Carolinas)
  • Approximately $50,000 recently invested to new flooring and paint on building 108
  • FirstHealth pays for and administers all CAM for entire asset

Investment Overview

Marcus & Millichap is pleased to present 102-108 Endo Lane in Hamlet, North Carolina. The two-building medical office portfolio sits on a 3.33-acre plot of land with the option to purchase an additional 10.21 acres. Each building boasts 7,172-rentable-square-feet, and constructed in 2006. Building B (108 Endo) is 100 percent Occupied by First Health of The Carolinas. Building A (102 Endo) is approximately 60 percent occupied by FirstHealth of The Carolinas. All tenants operate under a desirable Double-Net lease structure with minimal landlord responsibilities. Hamlet is an hour and a half outside of Charlotte, North Carolina. Hamlet Avenue, a crossroad of the property, sees over 11,000 vehicles daily. Within proximity of the site is Richmond Country Regional Airport, Walmart, Lowes, various dining options, and a few hotels. Adjacent to the property is the Sandhills Regional Medical Center, currently being used to treat COVID-19 patients. Hamlet is also home to a large CSX Railway station. FirstHealth of the Carolinas, a private, not-for-profit health care network, is headquartered in Pinehurst, NC. Its 5,300 employees serve 15 counties in the mid-Carolinas. Licensed for four hospitals with 610 beds, FirstHealth demonstrates a commitment to treating the whole patient and to providing quality health care for the entire community – especially those in need. The subject property offers investors the opportunity to acquire a stabilized, minimally management intensive asset with potential upside. First Health of the Carolinas has an AA credit rating from Fitch Ratings. Hamlet is an hour and a half outside of Charlotte, North Carolina. Hamlet Avenue, a crossroad of the property, sees over 11,000 vehicles daily. Within proximity of the site is Richmond Country Regional Airport, Walmart, Lowes, various dining options, and a few hotels. Adjacent to the property is the Sandhills Regional Medical Center, currently being used to treat COVID-19 patients. Hamlet is also home to a large CSX Railway station. FirstHealth of the Carolinas, a private, not-for-profit health care network, is headquartered in Pinehurst, NC. Its 5,300 employees serve 15 counties in the mid-Carolinas. Licensed for four hospitals with 610 beds, FirstHealth demonstrates a commitment to treating the whole patient and to providing quality health care for the entire community – especially those in need. The subject property offers investors the opportunity to acquire a stabilized, minimally management intensive asset with potential upside. First Health of the Carolinas has an AA credit rating from Fitch Ratings.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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