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t r a n s l a t e

Single Tenant Net Lease Medical Office Investment Opportunity

10931 Raven Ridge Road
Raleigh, NC 27614
PRICE : $1,535,000
CAP RATE: 6.75%
PROPERTY TYPE: Office
SITE SIZE: 2.07 Acres
BUILDING SIZE: 4,002 SF
YEAR BUILT: 2001

Highlights

  • 4,002 SF Medical Office Space
  • Occupied by a well-established tenant with multiple locations
  • 9 years of initial lease term remaining
  • NNN Lease with annual escalations
  • Other high-quality medical practices in very close proximity
  • Michael Bull of Bull Realty, NC License #C17910

Description

Bull Realty is pleased to present the opportunity to acquire this single tenant net leased Dermatology and Cosmetic Surgery Center in an affluent area of Raleigh, NC. The lease is NNN in structure with 3% annual escalations and a guarantee through September 2029.

The tenant, Anne Arundel Dermatology, has 45 locations in the Mid-Atlantic & Southeast, and are committed to providing their patients with the highest quality and full spectrum of skin care services.

At this location, Anne Arundel employs three MD’s, two PA’s, a Surgical Nursing Supervisor, a Histotechnologist, and an Aesthetician.

The property itself is surrounded by a very impressive medical community in the Falls of Neuse market and is in close proximity to Raleigh WakeMed North Hospital. The Falls River Professional Center Condominiums are 100% occupied by healthcare professionals of which this property is included. The clinic has eight exam rooms, surgery suite, two nurses’ stations, laboratory, aesthetician laser room, break room, physician office, business office and waiting & reception areas.

If you would like to pursue this opportunity, please return the Confidentiality Agreement on the last page of this Offering Memorandum. Once received we will forward you a copy of the tenant lease agreement & guarantee, financials, and any other reasonably requested items.

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