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1926 Cotton Grove Rd
Lexington, NC 27292

Novant Health · Health Care Property For Sale · 1 Bed

Investment Highlights

  • Investment Grade Credit - Corporately Guaranteed Lease By Novant Medical Group, Inc (Moody’s Aa3)
  • Substantial Tenant Upfit - Novant Health, at Their Own Expense, Completely Remodeled the Interior
  • Long-Term Tenure - Cotton Grove Family Medicine Has Been at This Location Since 2009; The Practice Was Acquired By Novant Health in 2013
  • Early Extension - Newly Signed 5-Year Renewal
  • Replaced the Roof and Resurfaced the Parking Lot When it Acquired Cotton Grove Family Medicine
  • Rental Growth - 2.00% Annual Escalations

PROPERTY FACTS

Property Type Health Care Building Size 3,960 SF
Property Subtype
Hospital
  • Healthcare Assisted Living
  • Rehabilitation Centre
  • Healthcare Skilled Nursing Facility
 No. Beds 1
Building Class C Number of Floors 1
Lot Size 1.64 AC Year Built 1968
Property Type Health Care
Property Subtype
Hospital
  • Healthcare Assisted Living
  • Rehabilitation Centre
  • Healthcare Skilled Nursing Facility
Building Class C
Lot Size 1.64 AC
Building Size 3,960 SF
No. Beds 1
Number of Floors 1
Year Built 1968

PROPERTY TAXES

Parcel Number 06-002-C-00C-0037-0-0-0 Improvements Assessment £0
Land Assessment £0 Total Assessment £623,609

PROPERTY TAXES

Parcel Number
06-002-C-00C-0037-0-0-0
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£623,609

zoning

Zoning Code Commercial
Commercial
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  • Listing ID: 28467165

  • Date on Market: 12/05/2023

  • Last Updated:

  • Address: 1926 Cotton Grove Rd, Lexington, NC 27292

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