Medical Office Asset

Woodlands Professional Center I | Elkin, NC

Sands Investment Group is Pleased to Present Exclusively For Sale the 14,202 SF Woodlands Professional Center I Medical Office Asset Located at 505 Samaritans Ridge Court in Elkin, North Carolina. The Property Consists of 3 NNN Medical Tenants Including Novant Health Cardiology, Westwood Medical and RHA Behavioral Health. Westwood Medical Just Signed a New 5-Year Renewal, and All Three Tenants Boast 2% Annual Escalations. The Property Includes Alliedrx Pharmacy, Which is Set For a Significant Rental Increase in 2022 Providing For Significant Upside and Strong Rental Growth For the Future.

  • Three of the Tenants Have a Triple Net (NNN) Lease With Minimal Landlord Responsibilities
  • All Tenants Also Have 2% Annual Increases
  • Westwood Medical Has a New 5-Year Renewal (07/01/21)
  • Located Less Than 1-Mile From Hugh Chatham Memorial Hospital
  • The Property is on a 1.41 Acre Lot
  • Property Includes a Metal Roof
  • Novant Spent a Significant Amount of Capital to Up Fit Space For the Tenant’s Use
  • Situated Within the Woodlands Medical Park in the Elkin’s Premier Medical Corridor
  • Located Right Off I-77 Which Sees Over 42,600 Vehicles Per Day
  • The Average Household Income is $62,863 Within a 10-Mile Radius
  • Nearby Tenants Include: Walmart Supercenter, CVS Pharmacy, Lowe’s, Goodwill, Walgreens, Food Lion, Arby’s, Big Lots, Wells Fargo and More

In Cooperation With: Sands Investment Group North Carolina, LLC – Lic. # 29362 BoR: Amar Goli- Lic. # 310575

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