Shelby Surgical was acquired by Carolinas Physicians Network, Inc (a Subsidiary of Carolinas HealthCare System) in December 2015. The property is leased through November 30, 2022 with 3 x 1-year options to renew at the then-existing rate and escalations. The investment will be earning a 7.0% Cap Rate beginning 12/1/2016 With 2.0% Annual lease rate escalations throughout the lease. The lease is a Modified Net Net Net (NNN) with landlord responsibilities limited to Roof, Structure, Capital Repl...
Off market
Zestimate®
$368,400
200 W Grover St, Shelby, NC 28150
--beds
0baths
8,424sqft
SingleFamily
Built in 1989
-- sqft lot
$368,400 Zestimate®
$44/sqft
$1,613 Estimated rent