Overview
- Updated On:
- April 7, 2025
Description
Duke LifePoint Healthcare Medical Of f ice on the Swain Community Hospital Campus
NNN Lease with Minimal Landlord Responsibility | 10+ Years of Term Remaining with the Recently Executed Option
Attractive 3% Annual Escalations Throughout the Base Term & the Remaining 10-Year Option
Tenant Pays Majority of Operating Expenses Directly | Management Fee Reimbursements Can Go to Landlord’s Bottom Line
Guaranteed by Great Smokies Health Foundation, Inc. With a $2M Letter of Credit from CitiBank, N.A
Tenant has a State Certificate of Need | Requires Government Approval to Relocate & Guarantees a Local Monopoly
Build-to-Suit with Long-Term Historical Occupancy Since 2010 | E-Commerce & Recession Proof Tenant
Property Id: 20826
Price: $ 4,225,000
Price/SF: $378.58
Cap Rate: 7%
Building Size: 11,160 SF
Lot Size: 0.59%
Year Built: 2009
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