4 Northcrest

Investment Overview

Positioned at the corner of Northcrest Road and Monticello Road on a busy 8,000cpd lot near Walmart and Lowe's, 4 Northcrest Drive sits at the epicenter of Weaverville's rapidly expanding commercial and medical corridor. With AdventHealth's 67-bed hospital now fully cleared for construction just minutes away, this asset represents one of Western North Carolina's most significant healthcare-driven growth opportunities. Investors gain access to a stabilized, passive NNN income stream with the security of an excellent tenant showing pride of business ownership, built in rental escalations and strong future marketability.  The building offers 2700 rentable sq.ft., 8 offices and 2 bathrooms, a 13 car parking lot, a new metal roof and HVAC systems replaced within the last few years, and a well maintained exterior including attractive landscaping.  NOI is currently $56,700 and increases to $58,600 in November.  Rent is $21/sf and TICAMs are $3/sf.  Tenant has signaled desire to remain in place.

Area Overview

Prime Weaverville Commercial Corridor

4 Northcrest Drive occupies a strategic position at the corner of Northcrest Road and Monticello Road, anchoring one of Weaverville's most dynamic commercial zones. This high-visibility location captures approximately 8,000 vehicles daily, providing exceptional exposure for businesses operating in the area.

The property sits within Weaverville's rapidly expanding commercial and medical corridor, strategically positioned near major retail anchors including Walmart and Lowe's. This established retail presence creates a steady flow of customers and reinforces the area's commercial viability.

Healthcare Growth Hub

The surrounding area is experiencing significant transformation driven by healthcare expansion. AdventHealth's 67-bed hospital, now fully cleared for construction just minutes from the property, positions this location at the epicenter of Western North Carolina's healthcare-driven growth. This development signals long-term investment confidence in the corridor and suggests sustained demand for nearby commercial services.

Investment Appeal

The combination of high traffic volume, proximity to major retailers, and imminent healthcare infrastructure makes this area particularly attractive for investors seeking stable, passive income. The established tenant base, coupled with the area's growth trajectory, supports strong future marketability and continued rental demand.

Highlights

Location & Visibility

• Corner property at Northcrest Road and Monticello Road intersection
• High-traffic location: 8,000 cars per day
• Near Walmart and Lowe's
• Situated in Weaverville's expanding commercial and medical corridor

Growth Potential

• AdventHealth's 67-bed hospital cleared for construction just minutes away
• One of Western North Carolina's significant healthcare-driven growth opportunities

Property Details

• Address: 4 Northcrest Drive
• 2,700 rentable square feet
• 8 offices and 2 bathrooms
• 13-car parking lot
• New metal roof installed
• HVAC systems replaced within the last few years
• Well-maintained exterior with attractive landscaping

Financial Highlights

• Current NOI: $56,700
• Projected NOI (November): $58,600
• Rent: $21/sf
• TICAMs: $3/sf
• Stabilized, passive NNN income stream
• Built-in rental escalations

Tenant Information

• Excellent tenant showing pride of business ownership
• Tenant has signaled desire to remain in place
• Strong future marketability