839 Medical Center Dr

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839 Medical Center Dr

Wilmington, NC 28401
Asking Price
$14.70M
Asset Type
Retail
Class
Class B

What's Special

839 Medical Center Drive is located in the heart of Wilmington’s primary medical and professional district, situated directly adjacent to the Novant Health New Hanover Regional Medical Center. The surrounding neighborhood is characterized by a dense concentration of healthcare facilities, administrative offices, and established residential communities. The site offers convenient access to major local thoroughfares, including South 17th Street and Shipyard Boulevard, providing efficient connections to downtown Wilmington and the nearby coastal suburbs. A variety of service-oriented amenities, pharmacies, and dining options are located within a one-mile radius, supported by a steady flow of local traffic. Given its proximity to a major regional hospital, this retail asset is best suited for healthcare-related services, specialty medical boutiques, or wellness providers. The location is also ideal for quick-service food and beverage concepts or professional service firms catering to the high volume of healthcare professionals, patients, and visitors in the immediate area. Typical tenants would include medical supply retailers, diagnostic laboratories, physical therapy clinics, or convenience-driven businesses. The property’s positioning within a specialized commercial corridor ensures a consistent daytime population and a professional tenant profile aligned with the surrounding medical infrastructure.

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NOI
$80,000
Cap Rate
0.54%
DSCR
0.09
Underwater
Cash-on-Cash
-17.98%
Monthly Payment
$72,727.579
Annual Cash Flow
$-792,730.953

Location & Travel Times