Single-Tenant Office Medical
Duke LifePoint | NNN Medical Office
470 Center St, Bryson City, NC 28713
Listing Price: $4,929,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire leasehold interest in the Duke LifePoint Medical Office in Bryson City, North Carolina. The medical office is strategically positioned on the Swain Community Hospital campus, which houses a 48-bed facility. Being on this campus provides the medical office with a direct connection to the hospital’s established patient base, ensuring a consistent flow of traffic and demand for medical services. The property’s tenant, Duke LifePoint Healthcare, is a subsidiary of Lifepoint Health, a well-respected healthcare organization known for operating community hospitals, physician practices, and outpatient centers. Lifepoint Health was acquired by Apollo Global Management in 2018, further strengthening its financial backing and operational capacity.
Bryson City, located in Swain County, North Carolina, is a charming mountain town and gateway to the Great Smoky Mountains National Park. With a population of approximately 1,500, it offers a peaceful small-town atmosphere and proximity to major attractions. Situated along U.S. Route 19, about 70 miles west of Asheville, the town provides easy access to popular regional destinations in western North Carolina and eastern Tennessee. Swain Community Hospital serves as the primary healthcare provider for Bryson City and surrounding areas, offering comprehensive services to residents and tourists. Its strategic location near major highways and the national park solidifies its role as a key healthcare provider in the region.
Investment Highlights
- Duke LifePoint Healthcare Medical Office on the Swain Community Hospital Campus
- NNN Lease with Minimal Landlord Responsibility | 10+ Years of Term Remaining with the Recently Executed Option
- Attractive 3% Annual Escalations Throughout the Base Term & the Remaining 10-Year Option
- Tenant Pays Majority of Operating Expenses Directly | Management Fee Reimbursements Can Go to Landlord's Bottom Line
- Guaranteed by Great Smokies Health Foundation, Inc. With a $2M Letter of Credit from CitiBank, N.A.
- Tenant has a State Certificate of Need | Requires Government Approval to Relocate & Guarantees a Local Monopoly | Build-to-Suit with Long-Term Historical Occupancy Since 2010 | E-Commerce & Recession Proof Tenant
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Financing By
Single-Tenant Office Medical
Duke LifePoint | NNN Medical Office
Listing Price: $4,929,000
Investment Highlights
- Duke LifePoint Healthcare Medical Office on the Swain Community Hospital Campus
- NNN Lease with Minimal Landlord Responsibility | 10+ Years of Term Remaining with the Recently Executed Option
- Attractive 3% Annual Escalations Throughout the Base Term & the Remaining 10-Year Option
- Tenant Pays Majority of Operating Expenses Directly | Management Fee Reimbursements Can Go to Landlord's Bottom Line
- Guaranteed by Great Smokies Health Foundation, Inc. With a $2M Letter of Credit from CitiBank, N.A.
- Tenant has a State Certificate of Need | Requires Government Approval to Relocate & Guarantees a Local Monopoly | Build-to-Suit with Long-Term Historical Occupancy Since 2010 | E-Commerce & Recession Proof Tenant
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire leasehold interest in the Duke LifePoint Medical Office in Bryson City, North Carolina. The medical office is strategically positioned on the Swain Community Hospital campus, which houses a 48-bed facility. Being on this campus provides the medical office with a direct connection to the hospital’s established patient base, ensuring a consistent flow of traffic and demand for medical services. The property’s tenant, Duke LifePoint Healthcare, is a subsidiary of Lifepoint Health, a well-respected healthcare organization known for operating community hospitals, physician practices, and outpatient centers. Lifepoint Health was acquired by Apollo Global Management in 2018, further strengthening its financial backing and operational capacity. Bryson City, located in Swain County, North Carolina, is a charming mountain town and gateway to the Great Smoky Mountains National Park. With a population of approximately 1,500, it offers a peaceful small-town atmosphere and proximity to major attractions. Situated along U.S. Route 19, about 70 miles west of Asheville, the town provides easy access to popular regional destinations in western North Carolina and eastern Tennessee. Swain Community Hospital serves as the primary healthcare provider for Bryson City and surrounding areas, offering comprehensive services to residents and tourists. Its strategic location near major highways and the national park solidifies its role as a key healthcare provider in the region.
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Financing By

