Elkin Archives | Sands Investment Group

Sands Investment Group Is Pleased To Present Exclusively For Sale the 4,800 SF Medical Gross Lease Located at 525 Samaritans Ridge Court in Elkin, North Carolina. The Property Provides an Excellent Investment or Owner/User Opportunity With a Current in Place Rent Well Below Market. All Leases Terminate Upon the Sale of the Property, Allowing New Ownership to Renegotiate All Leases or Back Fill the Space For Their Own Use.

Perfect Owner/User Opportunity
All Tenants Have 5% Annual Increases
Below Market Rental Rates
1 Operating Room Which is Lead Lined and Has a Seamless Tile Floor
1 Recovery Room
Lab Space With Upgraded Electrical and Sewage Capacity
Property Includes a Metal Roof
Building Can Be Divided Into Two (2) Practices
Ample Parking
Located in Woodlands Medical Park and in the Elkin’s Premier Medical Corridor
Situated Right Off I-77 Which Sees Over 41,600 VPD
Less Than 1-Mile From Hugh Chatham Memorial Hospital
The Average Household Income is $64,297 Within a 5-Mile Radius
Nearby Tenants Include: Wendy’s, Goodwill, Food Lion, Walmart Supercenter, Lowe’s, McDonald’s, Dollar Tree, Subway and More

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

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Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

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