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Single-Tenant Office Medical

Gaston Foot & Ankle Specialists

251 Wilmot Dr, Gastonia, NC 28054

Listing Price: $2,632,000

Cap Rate
6.70%
Tenant Name
Gaston Foot & Ankle Specialists
Years Remaining On Lease
8.4
Gross SF
9,063
Guarantor
Limited Corporate Guarantee
Rentable SF
9,063
Price/Gross SF
$290.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.48

Investment Overview

Marcus & Millichap is pleased to present for sale a 9,063 square foot medical office building located in Gastonia, North Carolina. The medical building was constructed in 1999 and is leased to U.S. Foot and Ankle Specialists, a regional tenant with 61 locations in the mid-Atlantic region. The tenant invested over $400,000 on interior renovations in 2017 that included the addition of a procedure room (with plumbing), the addition of a vestibule, and new carpet and paint throughout. The roof was also fully replaced by the landlord in 2017. The subject property is well positioned in Gastonia’s main retail area just off the signalized intersection of South New Hope Road (20,000 VPD) and Country Club Road. The property is ideally position within two miles of CaroMont Regional Medical Center (435 Beds) and is surrounded by multiple medical office and buildings, national retailers, and residential neighborhoods. Interstate 85 (124,000 VPD) is also located within two miles of the subject property. Major retailers in the area include Eastridge Mall, Planet Fitness, Conn’s HomePlus, Tuesday Morning, Target, Bank of America, and PNC Bank.

Investment Highlights

  • Single-Tenant Medical Office Building with Regional Tenant (61 Locations)
  • 1999 Construction | Renovated 2017 | Roof Replaced in 2017
  • Tenant Invested $428,000 on Interior Upfit in 2017
  • Triple-Net (NNN) Lease | Modest Rents | 2% Annual Increases
  • Within 2 Miles of CaroMont Regional Medical Center (435 Beds)
  • Nearby Retailers: Planet Fitness, Conn's HomePlus, Tuesday Morning, Ollie's Bargain Outlet, Eastridge Mall, Target, Habitat for Humanity, and Multiple National Banks
  • Town of Gastonia | Charlotte, North Carolina Metro
  • Five Mile Population of More Than 107,717 | Avg. HH Income of More Than 65,683 within Five Miles

Exclusively Listed By

Single-Tenant Office Medical

Gaston Foot & Ankle Specialists

Listing Price: $2,632,000

Cap Rate
6.70%
Tenant Name
Gaston Foot & Ankle Specialists
Years Remaining On Lease
8.4
Gross SF
9,063
Guarantor
Limited Corporate Guarantee
Rentable SF
9,063
Price/Gross SF
$290.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.48

Investment Highlights

  • Single-Tenant Medical Office Building with Regional Tenant (61 Locations)
  • 1999 Construction | Renovated 2017 | Roof Replaced in 2017
  • Tenant Invested $428,000 on Interior Upfit in 2017
  • Triple-Net (NNN) Lease | Modest Rents | 2% Annual Increases
  • Within 2 Miles of CaroMont Regional Medical Center (435 Beds)
  • Nearby Retailers: Planet Fitness, Conn's HomePlus, Tuesday Morning, Ollie's Bargain Outlet, Eastridge Mall, Target, Habitat for Humanity, and Multiple National Banks
  • Town of Gastonia | Charlotte, North Carolina Metro
  • Five Mile Population of More Than 107,717 | Avg. HH Income of More Than 65,683 within Five Miles

Investment Overview

Marcus & Millichap is pleased to present for sale a 9,063 square foot medical office building located in Gastonia, North Carolina. The medical building was constructed in 1999 and is leased to U.S. Foot and Ankle Specialists, a regional tenant with 61 locations in the mid-Atlantic region. The tenant invested over $400,000 on interior renovations in 2017 that included the addition of a procedure room (with plumbing), the addition of a vestibule, and new carpet and paint throughout. The roof was also fully replaced by the landlord in 2017. The subject property is well positioned in Gastonia’s main retail area just off the signalized intersection of South New Hope Road (20,000 VPD) and Country Club Road. The property is ideally position within two miles of CaroMont Regional Medical Center (435 Beds) and is surrounded by multiple medical office and buildings, national retailers, and residential neighborhoods. Interstate 85 (124,000 VPD) is also located within two miles of the subject property. Major retailers in the area include Eastridge Mall, Planet Fitness, Conn’s HomePlus, Tuesday Morning, Target, Bank of America, and PNC Bank.

Exclusively Listed By

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