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3511 Graystone Pl SE, Conover, NC, 28613

Catawba Valley Family Medicine
$2,041,500

Key Information

Cap Rate
8.24%
$ per SF
$205
Tot. SF
9,920
Year Built
1974
Term Remaining
±2.41 YRS
Type
Healthcare
NOI
$168,216

Highlights

  • Stable Asset Class – Healthcare Real Estate holds a strong track record of providing investors with long-term tenancy and insulation from economic headwinds and shifting consumer trends.
  • Passive Income – Taxes, insurance, utilities, and routine maintenance are all covered by the tenant under this triple-net lease.
  • Growing Rental Rate – Keep up with inflationary pressures with this lease’s rent escalations matching the CPI capped at 4% annually.
  • Favorable Return – An 8.24% cap rate is offered for this asset, a unique opportunity to receive such a favorable return starting day one.
  • Hospital Tenant – Catawba Valley Medical Center leases this property as an extension of its 50+ locations throughout the region.
  • Critical Healthcare Location – This asset sits less than 1,000 feet from the 258-bed, flagship hospital for Catawba Valley Medical Center, an invaluable location for any medical operator or healthcare real estate investor.
  • Easy Accessibility – Located roughly one mile from Hwy 40 with ground level entrances, this clinic aligns with patient demands for convenient access.
  • Medical Corridor – Numerous medical practices such as dentistry, oral surgery, pediatrics, chiropractic, urgent care, and infectious disease surround the subject property creating the potential for local referrals and location familiarity for patients.
  • Sizeable Operator – Catawba Valley Medical Center is the region’s largest not-for-profit health system which had its strongest recent fiscal year in 2025.
  • Growing Industry – Family Medicine has seen a strong history of growth, totaling a market size of roughly $281 billion with an expected CAGR of 3.4% over the next ten years.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # C38369, 288917 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203