Single-Tenant Office Medical

NextCare Urgent Care

419 Earl Rd, Shelby, NC 28150

Listing Price: $1,576,000

Cap Rate
6.25%
Tenant Name
Matrix Occupational Health Inc. dba NextCare Urgent Care
Years Remaining On Lease
7.10
Gross SF
3,205
Guarantor
Corporate Guarantee
Rentable SF
3,205
Price/Gross SF
$491.73
Lease Type
Absolute Net
Rent Per Square Feet
$30.73

Investment Overview

Marcus & Millichap is pleased to present a single tenant medical property with a recent 7 year extension of lease. The property is under an absolute net lease with no landlord responsibilities. Priced at a 6.25% current cap with a 6.64% cap over the seven year term. Lease is corporate guaranteed with 2% annual increases. Located in the Charlotte NC CSA, 40 miles west of Charlotte.

The property is an outparcel to Lowes Home Improvements, adjacent to Aldi and within .2 miles of Wal-Mart Super Store. Traffic counts are 40,000 vehicles per day at site on US Hwy 70, East Dixon Hwy. Property consists of a 3,205 square foot building on .67 aces. Lease states 2,814 square foot leaseable area. Built in 1988, renovated in 1998 and planned an interior renovation within the next two years. Exterior upgrade is currently in process.

Investment Highlights

  • Extended Lease of 7 Years
  • Absolute Net with No Landlord Responsibility
  • 2% Annual Rent Increases - Corporate Guarantee
  • Charlotte CSA - 40 Miles West of Charlotte
  • Located on Outparcel to Lowes Home Improvements & Aldi
  • High Traffic Counts - 40,000 VPD (2016) at Site

Exclusively Listed By

Single-Tenant Office Medical

NextCare Urgent Care

Listing Price: $1,576,000

Cap Rate
6.25%
Tenant Name
Matrix Occupational Health Inc. dba NextCare Urgent Care
Years Remaining On Lease
7.10
Gross SF
3,205
Guarantor
Corporate Guarantee
Rentable SF
3,205
Price/Gross SF
$491.73
Lease Type
Absolute Net
Rent Per Square Feet
$30.73

Investment Highlights

  • Extended Lease of 7 Years
  • Absolute Net with No Landlord Responsibility
  • 2% Annual Rent Increases - Corporate Guarantee
  • Charlotte CSA - 40 Miles West of Charlotte
  • Located on Outparcel to Lowes Home Improvements & Aldi
  • High Traffic Counts - 40,000 VPD (2016) at Site

Investment Overview

Marcus & Millichap is pleased to present a single tenant medical property with a recent 7 year extension of lease. The property is under an absolute net lease with no landlord responsibilities. Priced at a 6.25% current cap with a 6.64% cap over the seven year term. Lease is corporate guaranteed with 2% annual increases. Located in the Charlotte NC CSA, 40 miles west of Charlotte.

The property is an outparcel to Lowes Home Improvements, adjacent to Aldi and within .2 miles of Wal-Mart Super Store. Traffic counts are 40,000 vehicles per day at site on US Hwy 70, East Dixon Hwy. Property consists of a 3,205 square foot building on .67 aces. Lease states 2,814 square foot leaseable area. Built in 1988, renovated in 1998 and planned an interior renovation within the next two years. Exterior upgrade is currently in process.

Exclusively Listed By

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