For Sale: Health System, Credit-Tenant Investment Opportunity | Huntersville & Winston-Salem, NC

Novant Portfolio

Huntersville & Winston-Salem, North Carolina

THE OFFERING

17220 Northcross Drive, Huntersville, N.C.

CBRE, on behalf of the ownership, is pleased to exclusively offer the opportunity to acquire the Novant NC Portfolio (the “Portfolio”).
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The Portfolio consists of 136,267 square feet, across three high quality NNN leased buildings and is 90% occupied to Novant Health, the regions premier healthcare firm (Moody’s Aa3). The assets are all located within high growth markets of North Carolina, including Winston-Salem, the home to Novant’s headquarters. These assets have an impressive 7.25 years of weighted average remaining lease term, providing an investor immediate cash flow and long term stability.

EXECUTIVE SUMMARY          CONFIDENTIALITY AGREEMENT

INVESTMENT HIGHLIGHTS

Long-Term Stability, Value & Immediate Cash Flow

  • 7.25+ Years of Weighted Average Lease Term
  • 90.4% Leased
  • Opportunity to purchase at attractive basis well below replacement cost
  • Potential Value-add through Lease-Up of 17220 Northcross Drive

Impressive Anchor Tenant

  • Credit-Rated (Moody’s: Aa3)
  • Recently Renewed at All Three Properties in the Portfolio
  • Operationally critical facilities with Central Billing and Human Resources located in Winston-Salem

Located in Strategic North Carolina Markets

  • High Growth Markets with Strong Demographics
  • Novant Hospital System headquartered in Winston-Salem
  • Close Proximity to Hospital Campuses
  • Immediate Access to Interstates & Airports
  • Surrounded by Amenities

CONTACT INFORMATION

Exclusive Marketing Advisors:

Patrick Gildea
Executive Vice President
+1 (704) 331-1217
patrick.gildea@cbre.com

Matt Smith
Senior Associate
+1 (704) 331-1286
matthew.smith@cbre.com

Healthcare Contact:

Lee Asher
Vice Chairman
+1 (404) 504-5965
lee.asher@cbre.com

Local Market Contact:

Greg Wilson
Executive Vice President
+1 (336) 331-9399
greg.wilson@cbre-triad.com

Underwriting Support:

Robert Hardaway
Capital Markets Analyst
+1 (704) 331-1285
robert.hardaway@cbre.com

Grayson Hawkins
Senior Analyst
+1 (704) 331-1263
grayson.hawkins@cbre.com

Debt & Structured Finance:

Harris Ralston
Vice President
+1 (704) 927-1457
harris.ralston@cbre.com

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