Novant Health | Lexington, NC
Sands Investment Group is Pleased to Present For Sale the Novant Health Medical Double Net Lease Located in Lexington, North Carolina. This Deal Includes an Investment Grade Credit, Corporately Guaranteed Lease By Novant Medical Group, Inc (Moody’s Aa3), Providing For a Secure Investment.
- Investment Grade Credit – Corporately Guaranteed Lease By Novant Medical Group, Inc (Moody’s Aa3)
- Early Extension – Newly Signed 5-Year Renewal
- Substantial Tenant Upfit – Novant Health, at Their Own Expense, Completely Remodeled the Interior, Replaced the Roof and Resurfaced the Parking Lot When it Acquired Cotton Grove Family Medicine
- Long-Term Tenure – Cotton Grove Family Medicine Has Been at This Location Since 2009; The Practice Was Acquired By Novant Health in 2013
- Rental Growth – 2.00% Annual Escalations
- Accessible Location – Property is Located Directly Off of NC-8 (16,491 VPD) and Less Than 1-Mile From I-85 (56,500 VPD)
- Demographics – 34,318 People With an Average Household
- Income of $55,383 Within 5-Miles of the Property
In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 BoR: Amar Goli – Lic. NC #310575
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