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Absolute NNN Medical Office

194 Doctors Drive Boone NC 28607

  • Lease Type
    Absolute NNN
  • Lease Rate/SF
    $16.30
  • Price
    $3,417,000
  • Acres
    0.95

Absolute NNN, single-tenant medical investment opportunity located in Boone, North Carolina. This ±12,000 SF clinical building is leased by Appalachian Regional Healthcare Orthopedic Clinic. Centrally located directly across from the main hospital campus and within walking distance to Appalachian State University’s School of Nursing. With the high barriers to entry into the Boone market, this is a rare investment opportunity. The tenant plans to spend over $100,000 in the next 18 months on more interior updates. Additional information available upon request.

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Details

Property Information

  • Property Type
    Investment
  • Building SF
    12,000
  • Year Built
    1974
  • Acres
    0.95
  • Tenant
    Appalachian Regional Healthcare System
  • Year Built
    1974

Pricing & Terms

  • Price
    $3,417,000
  • Lease Rate/SF
    $16.30
  • Lease Type
    Absolute NNN
  • NOI
    $205,020 (Oct 2021)
  • Cap Rate (Actual)
    6.00%
  • Comments
    Absolute NNN, single-tenant medical investment opportunity located in Boone, North Carolina. This ±12,000 SF clinical building is leased by Appalachian Regional Healthcare Orthopedic Clinic. Centrally located directly across from the main hospital campus and within walking distance to Appalachian State University’s School of Nursing. With the high barriers to entry into the Boone market, this is a rare investment opportunity. The tenant plans to spend over $100,000 in the next 18 months on more interior updates. Additional information available upon request.

Property Documents

Aerial Map

Aerial Photo