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6 Property Medical Office Portfolio 5402 W Market St 6,436 SF Retail Building Greensboro, NC 27409 $15,600,000 ($2,423.87/SF) 6.05% Cap Rate
EXECUTIVE SUMMARY
? Six (6) Net Leased Medical Office Properties Portfolio with Strong Tenants
? 6.62% Cash-on-Cash Return with Existing Loan in Place
? Assumable Loan with an Interest Rate of 3.92% and a Remaining Balance of $9,338,500 | 30 Year Amortization Loan Maturing on 10/08/2031
? Weighted Average Lease Term of ±5.65 Years (Centura Health Site Has ±11.4 Years Remaining)
? Attractive Rental Increases Across All Properties
? Corporately Guaranteed by Large and Renowned Health Care Companies
? 6.62% Cash-on-Cash Return with Existing Loan in Place
? Assumable Loan with an Interest Rate of 3.92% and a Remaining Balance of $9,338,500 | 30 Year Amortization Loan Maturing on 10/08/2031
? Weighted Average Lease Term of ±5.65 Years (Centura Health Site Has ±11.4 Years Remaining)
? Attractive Rental Increases Across All Properties
? Corporately Guaranteed by Large and Renowned Health Care Companies
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,436 SF
Building Class
B
Year Built/Renovated
1990/1998
Price
$15,600,000
Price Per SF
$2,423.87
Cap Rate
6.05%
NOI
$944,425
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.93 AC
Zoning
C-M - Commercial - medical office
Parking
35 Spaces (5.44 Spaces per 1,000 SF Leased)
Frontage
314’ on W Market St
AMENITIES
- Pylon Sign
- Signage
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| W Market St | Hollow Oak Ln, SE | 15,020 | 2025 | 0.18 mi |
| West Market Street | Lakes Edge Apartment, W | 22,954 | 2025 | 0.36 mi |
| Meadowood Street | Shadow Lake Dr, S | 8,399 | 2025 | 0.43 mi |
| N Walnut Cir | Walnut Cir, N | 1,203 | 2018 | 0.47 mi |
| Dolley Madison Road | W Market St, S | 8,007 | 2025 | 0.47 mi |
| West Market Street | Guilford College Rd, W | 22,045 | 2025 | 0.54 mi |
| College Rd | Lindley Rd, SW | 24,090 | 2025 | 0.64 mi |
| North College Road | Edgerton Dr, W | 15,516 | 2025 | 0.65 mi |
| W Market St | Thornton Ct, E | 42,453 | 2018 | 0.65 mi |
| West Market Street | Thornton Ct, E | 20,608 | 2024 | 0.67 mi |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0042161 | Improvements Assessment | $788,900 |
| Land Assessment | $1,711,900 | Total Assessment | $2,500,800 |
PROPERTY TAXES
Parcel Number
0042161
Land Assessment
$1,711,900
Improvements Assessment
$788,900
Total Assessment
$2,500,800
MAP
ADDITIONAL PHOTOS
Other
Building Photo
Plat Map
Building Photo
Aerial