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502 McKnight Dr
Knightdale, NC 27545 Greater East Raleigh

$1,350,000 USD

Medical Condo For Sale  •  3,650 SF

Property Details

  • Property Type Medical
  • Total Building Size 14,561 SF
  • Lot Size 1.54 AC
  • Building Class B
  • Year Built 2000
  • Cap Rate 7.00 %
  • Tenancy Multiple
  • Zoning NMX
0 Transit Score
54 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 101 Medical Office 3,650 SF $1,350,000 USD
  • Unit Size: 3,650 SF
  • Condo Use: Medical Office
  • Price: $1,350,000 USD
  • Sale Type: Investment
  • Price/SF: $369.86 USD
Description
3,650 SF leased medical office condominium. Fully leased to two tenants. WALT +/- 5 years.

Sale Notes
RCR is pleased to present a fully leased medical office investment opportunity in the high-growth market of Knightdale, North Carolina. Located at 502 McKnight Drive, Suite 101, this ±3,650 square foot medical office condominium is thoughtfully demised into two separate suites and is 100% leased, providing stable, inplace income.

Description

This offering represents a compelling stabilized medical office investment in one of the Triangle’s fastest-growing submarkets. The property benefits from strong healthcare demand and is occupied by a complementary mix of medical and professional users, including physical therapy, behavioral health, and pain management. With full occupancy and long-term demand drivers in place, the asset offers investors immediate cash flow with potential upside through future rent growth and long-term appreciation.

Highlights

Rare medical investment opportunity
Fully leased medical office condominium for sale
Prime location in a fast growing Triangle submarket (Knightdale, NC)

Property Flyers

Financial Summary

Cap Rate: 7.00 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Access PT
Better Communities
Biogenomics Medicine Institute Inc
Family Medicine & Rehab Ctr
Living Well Behavior Health
Living Well Behavioral Health
Myscripts Pharmacy Llc
Navitas Medical Staffing Solutions Llc
Trinity Staffing Inc

Amenities

  • 24 Hour Access
  • Signage

Public Transportation

AirportDriveWalkDistance
Raleigh-Durham International 33 min - 24.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 65
Type: Surface
Included in Rent: Yes
Dylan Heafner, CCIM, SIOR 919-618-3026 Rich Commercial Realty
Dylan Heafner, CCIM, SIOR 919-618-3026 Rich Commercial Realty