Overview
Matthews™ is pleased to offer to a qualified investor the opportunity to acquire the fee simple ownership in a single-tenant medical outpatient building leased to Catawba Valley Medical Center in Conover, NC. This 9,920 SF clinic sits on a 1.1 AC parcel in Catawba County, less than one mile from Hwy 40. The 258-bed Catawba Valley Medical Center is located a few hundred feet from the subject property and acts as its flagship campus in conjunction with the 50+ clinics throughout the region.
The investment profile of this asset offers favorable terms such as annual rental increases, tenant expense responsibilities, a strong tenant backing, and a well-insulated tenant type that provides investors with confidence in this investment.
Priced at a favorable 8.24% cap rate, this healthcare real estate opportunity offers the likely scenario for investors to receive positive cash flow starting day one, even when utilizing debt.
Investment Highlights
- Stable Asset Class – Healthcare Real Estate holds a strong track record of providing investors with long-term tenancy and insulation from economic headwinds and shifting consumer trends.
- Passive Income – Taxes, insurance, utilities, and routine maintenance are all covered by the tenant under this triple-net lease.
- Growing Rental Rate – Keep up with inflationary pressures with this lease’s rent escalations matching the CPI capped at 4% annually.
- Favorable Return – An 8.24% cap rate is offered for this asset, a unique opportunity to receive such a favorable return starting day one.
- Hospital Tenant – Catawba Valley Medical Center leases this property as an extension of its 50+ locations throughout the region.
- Critical Healthcare Location – This asset sits less than 1,000 feet from the 258-bed, flagship hospital for Catawba Valley Medical Center, an invaluable location for any medical operator or healthcare real estate investor.
- Easy Accessibility – Located roughly one mile from Hwy 40 with ground level entrances, this clinic aligns with patient demands for convenient access.
- Medical Corridor – Numerous medical practices such as dentistry, oral surgery, pediatrics, chiropractic, urgent care, and infectious disease surround the subject property creating the potential for local referrals and location familiarity for patients.
- Sizeable Operator – Catawba Valley Medical Center is the region’s largest not-for-profit health system which had its strongest recent fiscal year in 2025.
- Growing Industry – Family Medicine has seen a strong history of growth, totaling a market size of roughly $281 billion with an expected CAGR of 3.4% over the next ten years.
