1170 W Medical Court

Located adjacent to the hospital campus in Marion, North Carolina, McLeod Medical Office is a well-maintained medical office building offering a rare opportunity for both investors and owner-users. The property consists of approximately 6,052 square feet situated on a ±1-acre lot at 1170 W Medical Court Drive, within an established medical corridor. Constructed in 1998, the building is thoughtfully designed for medical use and currently features 15 private offices, a pharmacy area, lab room, conference room, two large waiting rooms, two break rooms, and six restrooms. The efficient layout supports a wide range of medical and healthcare uses while providing excellent functionality for staff and patients alike. Parking lot was repaved in 2025. The property is 100% occupied by a long-term medical tenant who has operated at this location since 2007, with a lease in place through April 30, 2026. Current in-place rent is $14.92 per square foot, generating an NOI of approximately $79,534, offering investors an attractive 8.85% cap rate based on market lease assumptions. Offered for sale or for lease, the property is priced at $899,000 ($148 per square foot), presenting a compelling opportunity to acquire a stabilized medical asset in a strong healthcare location. Its proximity to the hospital, long operating history, and flexible future leasing potential make this an ideal investment or future owner-occupied medical facility.

Listed By: House In Order, LLC
Status: Active
Attribution: [email protected]