Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the Village Oaks Net-Leased Medical Office Condos located in Rock Hill, South Carolina. The two single-tenant condos total 17,474 square-feet and are fully leased to Piedmont Physicians Network LLC, dba Rock Hill OB/GYN and Surgical Specialists of Charlotte. This location is directly adjacent to Piedmont Medical Center (288 Beds) and less than 2-Miles from Winthrop University (6,109 Students). The medical office condos offer steady in-place cash flow over the next 3-5 years with an attractive staggered rent roll and desirable annual rental increases to hedge against inflation. Located in Southwest of Charlotte, Rock Hill is home to 73,900+ residents and is the 6th largest city in South Carolina. Located between the Blue Ridge Mountains and coastal plains, the Charlotte metro stretches 3,198 square miles across the Piedmont region of the Southeastern United States. It contains seven counties in North Carolina; Mecklenburg, Gaston, Union, Cabarrus, Iredell, Rowan, and Lincoln. South Carolina counties include York, Lancaster, and Chester. A strong financial presence has contributed to the local population growing to more than 2.6 million citizens, becoming one of the nation’s fastest-growing metros over the past 15 years. Charlotte is the largest city in the market, with more than 862,000 people, followed by Concord and Gastonia, which combine to account for over 172,000 residents.