Peak Performance Physical Therapy
For sale1202 E Main St, Havelock, NC 28532
Property type
Office
Unit / Space count
4
Price
$1,800,000
Building size
14,400 sf
Rentable area
14,400 SF
Year built
1975
Year renovated
Property class
B
Occupancy
Zoning code
CAP
9.24%
Price per Unit
$450,000
Price per SF
$125.00
Property description
Explore this exceptional 14,400 SF property in Havelock, NC, offering four units ideal for office or medical use. Built in 1975, this prime investment opportunity boasts an impressive 83% occupancy rate, making it a secure and lucrative asset. The building's versatile layout and strategic location make it an attractive option for investors looking to establish or expand their presence in the Havelock area. Whether for medical practices, professional offices, or other commercial ventures, this property offers a solid foundation for success and growth. Don't miss the chance to capitalize on this thriving market with a property that combines opportunity and potential.
Property highlights
- Stable Cash Flow: Anchored by Peak Performance Sports & Physical Therapy, a strong regional medical tenant with 14 locations, on a new 10-year lease commencing May 2025.
- Diverse Tenancy: Current occupancy at 83%, with three tenants in place including medical, educational, and wellness uses, and one vacant suite offering lease-up potential.
- Long-Term Tenancy: Peak Performance, and Kidz Choice just signed 10 year leases, putting the WALT of occupied space to 8.69 years.
- Value-Add Opportunity: 2,600 SF of vacancy allows for additional rental income upside and improved overall yield.
- Favorable Market Fundamentals: Competitive price per square foot of $125.00 which is well below replacement cost.
- Close to MCAS Cherry Point: Minutes from one of the nation’s largest Marine Corps air stations, supporting over 23,000 military personnel and families and driving strong local demand.