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 situated in a prominent professional corridor in midtown Wilmington, North Carolina. The property sits directly east of the Novant Health New Hanover Regional Medical Center campus, a major regional employment hub. The neighborhood character is defined by a high concentration of medical offices, outpatient facilities, and established residential communities. Access to the site is provided via Medical Center Drive and South 17th Street, which serves as a major north-south arterial connecting the downtown historic district to the southern suburbs. Nearby amenities include a variety of grocery-anchored shopping centers, pharmacies, and dining options catering to the local workforce and residents. The site is well-suited for service-oriented retail, specialty medical supplies, or high-volume food and beverage establishments. Due to the high daytime population generated by the neighboring hospital and adjacent clinics, the location is ideal for tenants requiring proximity to healthcare professionals, patients, and visiting families. Typical tenants may include diagnostic services, wellness centers, cafés, or uniform boutiques. The property offers a strategic opportunity for businesses looking to capitalize on stable vehicular traffic and the specialized demographic profile of the surrounding medical submarket.

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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

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