Novant Health

High-Caliber Health System Operator
Novant Health is a leading integrated healthcare system headquartered in Winston-Salem, operating more than 900 locations including 19 hospitals and hundreds of outpatient facilities, physician clinics, urgent care centers, imaging, and pharmacy services across North Carolina and South Carolina, supported by over 40,000 team members serving millions of patients annually.
Passive NNN Lease Structure
The property is leased under a triple-net (NNN) lease, with the tenant responsible for operating expenses, providing investors with passive ownership and minimal landlord responsibilities.
Class A Outpatient Facility
Constructed in 2007, the 9,712 square foot, single-tenant medical building is a modern outpatient asset designed to support long-term clinical operations.
Attractive Price Per Square Foot
Investors have the opportunity to acquire this Class A facility at $331 per square foot, significantly below the cost it would take to replace this type of facility.
Tenant Investment
Novant recently completed $300k of enhancements to the building’s interior (new flooring and paint) demonstrating their commitment to this location.
Attractive Rent Growth
The lease features 2.5% annual rental escalations, providing consistent income growth and a hedge against inflation.
Strategic Urban In-Fill Location
The property is centrally located in downtown Winston-Salem, approximately three (3) miles east of the Novant Health Medical Park Hospital, with convenient access to major transportation corridors including I-40, U.S. Routes 421 and 52.
Strong Demographic Fundamentals
Winston-Salem has a population of approximately 256,000, with nearly 15% of residents aged 65 or older, supporting sustained demand for outpatient medical services.
Favorable Depreciation
This opportunity offers investors the ability to capture more favorable depreciation and tax savings advantages through a cost segregation study. *Investors to confirm with their own CPA.

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Broker of Record

Gerard Hamas