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Single-Tenant Office Medical

AFC Urgent Care | Brand New 15 Year Lease | 1.50% Annual Increases | 45,000+ Cars Per Day

2913 Wake Forest Rd, Raleigh, NC 27609

Listing Price: $3,200,000

Cap Rate
6.00%
Tenant Name
GusNat Management Services, Inc.
Years Remaining On Lease
14.9
Guarantor
Franchisee Guarantee
Rentable SF
4,148
Lease Type
Absolute Net
Rent Per Square Feet
$45.08

Investment Overview

The Sulo Group is pleased to present an AFC Urgent Care located in Raleigh, NC.

The tenant will operate under a brand new 15 year lease. In addition to the long term lease, the lease will be subject to zero landlord responsibilities (Absolute NNN) and feature annual rental increases of 1.50%, to compound the new landlord’s return and hedge against inflation. This unique opportunity will offer an investor the ability to acquire a rare free standing medical property from a leading urgent care brand with no landlord responsibilities, in a Top 10 Southeast MSA.

The subject property is ideally positioned across the street and .3 miles away from Costco, a newer construction Wegmans (2019) and the #1 Trader Joe’s in North Carolina (Placer.ai). According to Placer.ai, the site is a stone’s throw away from 4,000,000+ annual visitors from those 3 grocers/retailers alone. There is a sturdy national retail presence in the immediate retail corridor including, Chick-fil-A, Starbucks, McDonald’s, Ross Dress for Less, Planet Fitness and a handful of popular new retailers including, First Watch, Torchy’s Tacos, CAVA, and Crumble Cookies. The site is located “Inside the Beltline”, the place to live in Raleigh, with convenient access to downtown and the capitol, NC State University, and less than a half mile to I-440, the major interstate that encircles Raleigh.

Investment Highlights

  • Brand New 15 Year Lease | Absolute NNN | 1.50% Annual Increases
  • Prolific Retail Corridor Across from Costco | Inside the Beltline
  • Robust Demographics | $100,000+ AHHI in 1 and 3 Mile Radius | 260,000+ People in 5 mile Radius
  • Raleigh, NC - Top Growth MSA | #3 Best Places to Live in Country

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Single-Tenant Office Medical

AFC Urgent Care | Brand New 15 Year Lease | 1.50% Annual Increases | 45,000+ Cars Per Day

Listing Price: $3,200,000

Cap Rate
6.00%
Tenant Name
GusNat Management Services, Inc.
Years Remaining On Lease
14.9
Guarantor
Franchisee Guarantee
Rentable SF
4,148
Lease Type
Absolute Net
Rent Per Square Feet
$45.08

Investment Highlights

  • Brand New 15 Year Lease | Absolute NNN | 1.50% Annual Increases
  • Prolific Retail Corridor Across from Costco | Inside the Beltline
  • Robust Demographics | $100,000+ AHHI in 1 and 3 Mile Radius | 260,000+ People in 5 mile Radius
  • Raleigh, NC - Top Growth MSA | #3 Best Places to Live in Country

Investment Overview

The Sulo Group is pleased to present an AFC Urgent Care located in Raleigh, NC. The tenant will operate under a brand new 15 year lease. In addition to the long term lease, the lease will be subject to zero landlord responsibilities (Absolute NNN) and feature annual rental increases of 1.50%, to compound the new landlord’s return and hedge against inflation. This unique opportunity will offer an investor the ability to acquire a rare free standing medical property from a leading urgent care brand with no landlord responsibilities, in a Top 10 Southeast MSA. The subject property is ideally positioned across the street and .3 miles away from Costco, a newer construction Wegmans (2019) and the #1 Trader Joe’s in North Carolina (Placer.ai). According to Placer.ai, the site is a stone’s throw away from 4,000,000+ annual visitors from those 3 grocers/retailers alone. There is a sturdy national retail presence in the immediate retail corridor including, Chick-fil-A, Starbucks, McDonald’s, Ross Dress for Less, Planet Fitness and a handful of popular new retailers including, First Watch, Torchy’s Tacos, CAVA, and Crumble Cookies. The site is located “Inside the Beltline”, the place to live in Raleigh, with convenient access to downtown and the capitol, NC State University, and less than a half mile to I-440, the major interstate that encircles Raleigh.

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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