Skip to main content

Office Medical

Novant Park - Building One

1910 Jake Alexander Blvd W, Salisbury, NC 28147

Listing Price: $2,640,000

Cap Rate
6.93%
Gross SF
9,880
Rentable SF
9,880
Price/Gross SF
$267.21
Occupancy
100.0%
Year Built
2002
Lot Size
10.00 acres

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the medical office building located at 1910 Jake Alexander Blvd W Building 1, Salisbury, NC 28147. This multi-tenant medical office is 50% leased to Novant Health: Orthopedics & Sports Medicine, a AA-credit rated hospital tenant .The remaining 50% of this property is fully leased to Dr. Timothy Hennie, OD who has a long historical occupancy at this location. The property is strategically situated within a professional office building park, in close proximity to Novant Health Rowan Medical Center (268 beds) and less than 2 miles from Catawba College (approximately 1,200 students). The medical office building offers reliable in-place cash flow with two stable tenants in the essential healthcare industry, providing an attractive opportunity for long-term investors.

Located in Salisbury, North Carolina, the property benefits from the area’s steady population growth and increasing demand for outpatient medical services. Salisbury is part of the Charlotte metro area, one of the fastest-growing regions in the Southeast, with a population exceeding 2.6 million across 10 counties. The region has experienced consistent economic and demographic growth over the past 15 years, driven by its diverse economy and strategic location between the Blue Ridge Mountains and the coastal plains. This property combines a strong tenant, prime location, and exposure to a thriving market, making it an excellent investment opportunity in the healthcare real estate sector.

Investment Highlights

  • Multi-Tenant Medical Office Building | Salisbury, NC | Charlotte MSA
  • Located Inside a Vibrant Medical Office Park | Novant Healthcare Occupies 50% of this Medical Park
  • Stabilized Medical Office Building with Hospital Credit Tenancy
  • Novant Health | AA-Credit Rated Tenant | New 5-Year Lease
  • Less than 2.0 Miles from Novant Health Rowan Medical Center (268 Beds) ) & W.G. Hefner –Department of Veteran Affairs Medical Center (484 Beds)

Exclusively Listed By

Financing By

Office Medical

Novant Park - Building One

Listing Price: $2,640,000

Cap Rate
6.93%
Gross SF
9,880
Rentable SF
9,880
Price/Gross SF
$267.21
Occupancy
100.0%
Year Built
2002
Lot Size
10.00 acres

Investment Highlights

  • Multi-Tenant Medical Office Building | Salisbury, NC | Charlotte MSA
  • Located Inside a Vibrant Medical Office Park | Novant Healthcare Occupies 50% of this Medical Park
  • Stabilized Medical Office Building with Hospital Credit Tenancy
  • Novant Health | AA-Credit Rated Tenant | New 5-Year Lease
  • Less than 2.0 Miles from Novant Health Rowan Medical Center (268 Beds) ) & W.G. Hefner –Department of Veteran Affairs Medical Center (484 Beds)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the medical office building located at 1910 Jake Alexander Blvd W Building 1, Salisbury, NC 28147. This multi-tenant medical office is 50% leased to Novant Health: Orthopedics & Sports Medicine, a AA-credit rated hospital tenant .The remaining 50% of this property is fully leased to Dr. Timothy Hennie, OD who has a long historical occupancy at this location. The property is strategically situated within a professional office building park, in close proximity to Novant Health Rowan Medical Center (268 beds) and less than 2 miles from Catawba College (approximately 1,200 students). The medical office building offers reliable in-place cash flow with two stable tenants in the essential healthcare industry, providing an attractive opportunity for long-term investors. Located in Salisbury, North Carolina, the property benefits from the area’s steady population growth and increasing demand for outpatient medical services. Salisbury is part of the Charlotte metro area, one of the fastest-growing regions in the Southeast, with a population exceeding 2.6 million across 10 counties. The region has experienced consistent economic and demographic growth over the past 15 years, driven by its diverse economy and strategic location between the Blue Ridge Mountains and the coastal plains. This property combines a strong tenant, prime location, and exposure to a thriving market, making it an excellent investment opportunity in the healthcare real estate sector.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower