North Carolina STNL Medical Portfolio | 100% Leased | Abs NNN
2541 N Queen St, Kinston, NC 28501 & 4 Josh Ct, Jacksonville, NC 28546
Price: $5,350,000
Status: Available
Cap Rate: 7.87%
Year Built: 2012 / 2014
NOI: $421,228
Lot Size: 2 / 0.97 acres
Price Per Foot: $422
Lease Type: Absolute Triple-Net (NNN)
Remaining Term: 6.4 Years
GLA: 12,653 sqft
Property Intro
Lee & Associates is pleased to present the exclusive opportunity to acquire the North Carolina Medical Portfolio, a 100% leased, fee simple medical office investment consisting of two outpatient healthcare properties in Jacksonville and Kinston, North Carolina. The portfolio is fully occupied by E.S.I. Investments, LLC and operated by Atlantic Medical Group affiliates, including specialty medical, ambulatory surgery, and veterans healthcare services. Built in 2012 and 2014, the properties are strategically positioned within established healthcare corridors and benefit from long-term absolute NNN lease structures with minimal landlord responsibilities and annual contractual rent increases.
The portfolio is anchored by mission-critical healthcare facilities that provide gastroenterology, ambulatory surgery, urology, and veterans healthcare services throughout Eastern North Carolina. Both locations are situated near major healthcare providers, with the Jacksonville property located less than one mile from Onslow Memorial Hospital and the Kinston property positioned less than one mile from UNC Health Lenoir. The healthcare-focused tenancy benefits from substantial tenant investment, specialized medical buildouts, and recurring patient demand, creating a durable operating platform supported by established patient bases and long-standing community presence. The combination of private practice healthcare providers, UNC Health affiliation, and government-related healthcare services provides diversified and stable income characteristics.
Located within growing regional healthcare markets, the portfolio offers investors stable cash flow generated by long-term leases extending through October 2032 with built-in 3% annual rent escalations. Jacksonville continues to benefit from the economic strength and population growth generated by Camp Lejeune and Marine Corps Air Station New River, while Kinston serves as a regional healthcare and commercial hub supported by UNC Health Lenoir and proximity to the North Carolina Global TransPark.