Absolute NNN Medical Office

Novant Health Mountain Island | Charlotte, NC

Sands Investment Group is Pleased to Present Exclusively For Sale the Novant Health Mountain Island Village Absolute NNN Medical Office Located in Charlotte, North Carolina. The Offering Consists of Two Medical Office Condos Totalling 5,262 SF, Fully Occupied By Novant Medical Group, Inc. (Moody’s Aa3) on an Absolute Net Lease With Zero Landlord Responsibilities. Novant Signed a 5-Year Lease Extension in March That Ends on 11/30/2027. The Lease Features 2.5% Annual Escalations and (2) 3-Year Renewal Options. Novant Has Been at the Property Since 2010 and Expanded Into the Adjacent Suite in 2012. The Property is Located Right Off Brookshire Boulevard and is 1.5-Miles From I-485 and Riverbend Village.

  • Absolute Triple Net (NNN) Lease With No Landlord Responsibilities
  • Newly Signed 5-Year Extension
  • 2.5% Annual Escalations
  • Corporately Guaranteed Lease By Novant Medical Group, Inc (Moody’s Aa3)
  • Novant Has 16 Years of Tenure At the Property and Expanded Into the Adjacent Suite in 2012
  • Roof Replaced in 2017 and Siding Replaced in 2019
  • Strong Average Household Income of $86,382 Within a 5-Mile Radius
  • Population of 67,431 People Within a 5-Mile Radius
  • 1.5-Miles From I-485 Which Sees Over 86,950 VPD
  • Located Off of Brookshire Blvd That Sees About 41,949 VPD
  • 1-Mile From the Riverbend Village Mixed-Use Development Which Consists of 200,000 SF of Retail, Corning Optical Communications Headquarters, 266 Class A Apartments and 105 Townhomes

In Cooperation With: Sands Investment Group North Carolina, LLC – Lic. # 29362

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