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Bryson City - Duke Lifepoint Critical Access 470 Center St

11,160 SF Office Building Bryson City, NC 28713 $7,080,262 CAD ($634 CAD/SF) 6.76% Cap Rate

Investment Highlights

  • Duke LifePoint Healthcare Medical Office on the Swain Community Hospital Campus
  • Attractive 3% Annual Escalations Throughout the Base Term & the Remaining 10-Year Option
  • Guaranteed by Great Smokies Health Foundation, Inc. With a $2M Letter of Credit from CitiBank, N.A.
  • NNN Lease with Minimal Landlord Responsibility | 10+ Years of Term Remaining with the Recently Executed Option
  • Tenant Pays Majority of Operating Expenses Directly | Management Fee Reimbursements Can Go to Landlord’s Bottom Line
  • Tenant has a State Certificate of Need | Requires Government Approval to Relocate & Guarantees a Local Monopoly

Executive Summary

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire leasehold interest in the Duke LifePoint Medical Office in Bryson City, North Carolina. The medical office is strategically positioned on the Swain Community Hospital campus, which houses a 48-bed facility. Being on this campus provides the medical office with a direct connection to the hospital’s established patient base, ensuring a consistent flow of traffic and demand for medical services. The property’s tenant, Duke LifePoint Healthcare, is a subsidiary of Lifepoint Health, a well-respected healthcare organization known for operating community hospitals, physician practices, and outpatient centers. Lifepoint Health was acquired by Apollo Global Management in 2018, further strengthening its financial backing and operational capacity.
Bryson City, located in Swain County, North Carolina, is a charming mountain town and gateway to the Great Smoky Mountains National Park. With a population of approximately 1,500, it offers a peaceful small-town atmosphere and proximity to major attractions. Situated along U.S. Route 19, about 70 miles west of Asheville, the town provides easy access to popular regional destinations in western North Carolina and eastern Tennessee. Swain Community Hospital serves as the primary healthcare provider for Bryson City and surrounding areas, offering comprehensive services to residents and tourists. Its strategic location near major highways and the national park solidifies its role as a key healthcare provider in the region.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Office
Property Subtype
Medical
Building Size
11,160 SF
Building Class
B
Year Built
2009
Price
$7,080,262 CAD
Price Per SF
$634 CAD
Cap Rate
6.76%
NOI
$478,898 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,160 SF
Building FAR
0.43
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
commercial
Parking
51 Spaces (4.57 Spaces per 1,000 SF Leased)
  • Listing ID: 34344030

  • Date on Market: 2025-01-02

  • Last Updated:

  • Address: 470 Center St, Bryson City, NC 28713

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