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