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Office

Comtech Business Center - U.S. Dept of Veterans Affairs Anchored

78 Three Hunts Dr, Pembroke, NC 28372

Listing Price: $3,964,000

Cap Rate
9.50%
Rentable SF
41,634
Lot Size
11.54 acres
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to present the COMtech Professional Center anchored by the U.S. Department of Veterans Affairs, a premier commercial real estate investment opportunity located at 78-139 Three Hunts Drive in Pembroke, North Carolina. This prime office flex professional Center spans 41,634 square feet of meticulously crafted improvements, spread across two parcels of land, totaling 11.54 Acres, and comprising 8 commercial buildings. With a diverse tenant portfolio of 15 occupants, including government, medical, and various professional services, this investment assures stability, growth, and a robust income stream. Nestled in the heart of Pembroke, the Office Flex Professional Center enjoys exceptional accessibility and visibility, catering to both tenants and their clientele.

At the core of this offering is the U.S. Department of Veterans Affairs, serving as the anchor tenant and ensuring a consistent and dependable rental income. Government leases are renowned for delivering steady cash flows owing to their long-term commitments. With a mix of medical, government, and other professional tenants, the property’s revenue is skillfully diversified, mitigating the risk tied to reliance on a single industry. Numerous tenants have embraced extended leases, translating to a predictable rental income over an extended period. This stability holds immense appeal for investors in search of reliable and consistent returns. Additionally, an investor that acquires this property can raise collections substantially by enforcing rental reimbursements income that tenants are under agreement to provide in their NNN leases though have not been historically collected. This could raise the in-place cap rate from 8.65 percent upwards to 10.55 percent which could make this investment extremely high yield for this low-risk type of investment.

In line with the dynamic growth of Pembroke and the broader region, the potential for property value appreciation over time is significant. As the locale continues to evolve, the property’s worth stands poised to rise, presenting investors with an additional avenue of potential returns.

North Carolina, a state marked by thriving urban centers and expansive open spaces, embodies momentum fueled by favorable business costs, groundbreaking university research, cultural diversity, top-tier infrastructure, and a lifestyle that draws in talent and encourages rejuvenation. Positioned centrally on the eastern seaboard and equipped with excellent transportation infrastructure, North Carolina stands as a strategic gateway to markets and customers, effectively minimizing freight and delivery expenses.

Investment Highlights

  • Anchor Tenant Stability: With the U.S. Department of Veterans Affairs serving as the anchor tenant, the property enjoys a steady income stream backed by government lease.
  • Triple-Net Lease Structure: 64 percent of the center operates under a triple-net lease structure.
  • Diverse Tenant Portfolio: The property's tenant mix, which includes government, medical, and various professional occupants, acts as a protective measure against economic fluctuations and industry-spe

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Office

Comtech Business Center - U.S. Dept of Veterans Affairs Anchored

Listing Price: $3,964,000

Cap Rate
9.50%
Rentable SF
41,634
Lot Size
11.54 acres
Year Built
2009

Investment Highlights

  • Anchor Tenant Stability: With the U.S. Department of Veterans Affairs serving as the anchor tenant, the property enjoys a steady income stream backed by government lease.
  • Triple-Net Lease Structure: 64 percent of the center operates under a triple-net lease structure.
  • Diverse Tenant Portfolio: The property's tenant mix, which includes government, medical, and various professional occupants, acts as a protective measure against economic fluctuations and industry-spe

Investment Overview

Marcus & Millichap is pleased to present the COMtech Professional Center anchored by the U.S. Department of Veterans Affairs, a premier commercial real estate investment opportunity located at 78-139 Three Hunts Drive in Pembroke, North Carolina. This prime office flex professional Center spans 41,634 square feet of meticulously crafted improvements, spread across two parcels of land, totaling 11.54 Acres, and comprising 8 commercial buildings. With a diverse tenant portfolio of 15 occupants, including government, medical, and various professional services, this investment assures stability, growth, and a robust income stream. Nestled in the heart of Pembroke, the Office Flex Professional Center enjoys exceptional accessibility and visibility, catering to both tenants and their clientele. At the core of this offering is the U.S. Department of Veterans Affairs, serving as the anchor tenant and ensuring a consistent and dependable rental income. Government leases are renowned for delivering steady cash flows owing to their long-term commitments. With a mix of medical, government, and other professional tenants, the property’s revenue is skillfully diversified, mitigating the risk tied to reliance on a single industry. Numerous tenants have embraced extended leases, translating to a predictable rental income over an extended period. This stability holds immense appeal for investors in search of reliable and consistent returns. Additionally, an investor that acquires this property can raise collections substantially by enforcing rental reimbursements income that tenants are under agreement to provide in their NNN leases though have not been historically collected. This could raise the in-place cap rate from 8.65 percent upwards to 10.55 percent which could make this investment extremely high yield for this low-risk type of investment. In line with the dynamic growth of Pembroke and the broader region, the potential for property value appreciation over time is significant. As the locale continues to evolve, the property’s worth stands poised to rise, presenting investors with an additional avenue of potential returns. North Carolina, a state marked by thriving urban centers and expansive open spaces, embodies momentum fueled by favorable business costs, groundbreaking university research, cultural diversity, top-tier infrastructure, and a lifestyle that draws in talent and encourages rejuvenation. Positioned centrally on the eastern seaboard and equipped with excellent transportation infrastructure, North Carolina stands as a strategic gateway to markets and customers, effectively minimizing freight and delivery expenses.

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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