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Single-Tenant Office Medical

Campbell Ear, Nose, and Throat

4760 Independence Dr, Lumberton, NC 28358

Listing Price: $1,755,000

Cap Rate
7.00%
Tenant Name
Campbell Ear, Nose, and Throat
Gross SF
6,882
Guarantor
Private Guarantee
Rentable SF
6,882
Price/Gross SF
$255.01
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.00

Investment Overview

Marcus & Millichap is pleased to present the fee simple ownership of 4760 Independence Drive, Lumberton, North Carolina. The subject property is a single- tenant medical office building, built in 2009, that consists of 6,882 square feet. This offering represents a sale-leaseback from the owner and operator of Campbell Ear, Nose, and Throat. Jeffrey Campbell, MD, FACS, is a double board-certified Otolaryngologist and facial plastic surgeon. Upon the close of escrow, a brand new, seven-year, triple-net lease will commence. This lease will also feature two percent annual rent increases and three, five-year renewal options. Lumberton is located near the border of North and South Carolina approximately thirty minutes south of Fayetteville and an hour and a half west of Wilmington. The location of the office benefits from excellent accessibility and visibility being just off Fayetteville Road which is the main thoroughfare through the town and sees 30,000 vehicles per day. Additionally, the I-95 interchange is less than one mile away and has traffic counts of 56,000 vehicles per day. Directly across the street from the office are two of the largest shopping centers in Lumberton with national retailers including Lowes, Walmart, Panera, McDonald’s, Wendy’s, T-Mobile, and Hobby Lobby. This opportunity offers investors the chance to acquire a single-tenant medical office building by the premier ENT/Otolaryngologist provider within the submarket. The terms of this sale-leaseback offers a future investor cash flow predictability and reliability over a seven-year period with close to zero landlord responsibilities which makes the investment more passive. A future landlord will not have any type of exposure if there is a future rise in operating expenses that would adversely impact their cash flow. The two percent rental escalations every five-years also mitigates risk for inflationary pressure in the future.

Investment Highlights

  • Sale-Leaseback Opportunity
  • Long -Term Triple-Net Lease Structure
  • 2 Percent Annual Rent Increases

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Single-Tenant Office Medical

Campbell Ear, Nose, and Throat

Listing Price: $1,755,000

Cap Rate
7.00%
Tenant Name
Campbell Ear, Nose, and Throat
Gross SF
6,882
Guarantor
Private Guarantee
Rentable SF
6,882
Price/Gross SF
$255.01
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.00

Investment Highlights

  • Sale-Leaseback Opportunity
  • Long -Term Triple-Net Lease Structure
  • 2 Percent Annual Rent Increases

Investment Overview

Marcus & Millichap is pleased to present the fee simple ownership of 4760 Independence Drive, Lumberton, North Carolina. The subject property is a single- tenant medical office building, built in 2009, that consists of 6,882 square feet. This offering represents a sale-leaseback from the owner and operator of Campbell Ear, Nose, and Throat. Jeffrey Campbell, MD, FACS, is a double board-certified Otolaryngologist and facial plastic surgeon. Upon the close of escrow, a brand new, seven-year, triple-net lease will commence. This lease will also feature two percent annual rent increases and three, five-year renewal options. Lumberton is located near the border of North and South Carolina approximately thirty minutes south of Fayetteville and an hour and a half west of Wilmington. The location of the office benefits from excellent accessibility and visibility being just off Fayetteville Road which is the main thoroughfare through the town and sees 30,000 vehicles per day. Additionally, the I-95 interchange is less than one mile away and has traffic counts of 56,000 vehicles per day. Directly across the street from the office are two of the largest shopping centers in Lumberton with national retailers including Lowes, Walmart, Panera, McDonald’s, Wendy’s, T-Mobile, and Hobby Lobby. This opportunity offers investors the chance to acquire a single-tenant medical office building by the premier ENT/Otolaryngologist provider within the submarket. The terms of this sale-leaseback offers a future investor cash flow predictability and reliability over a seven-year period with close to zero landlord responsibilities which makes the investment more passive. A future landlord will not have any type of exposure if there is a future rise in operating expenses that would adversely impact their cash flow. The two percent rental escalations every five-years also mitigates risk for inflationary pressure in the future.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

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