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4946 Windy Hill Dr.
Lafayette Square Office Condo is located in the fast-growing Raleigh MSA. The office condo is occupied by Nationwide Insurance with an absolute triple net (NNN) lease and no landlord responsibilities. The property was purchased for $265k (~$40k below list price) and is on a 5 year lease. Initial cash on cash return is 11.8% and 47.3% IRR.
1581 Yanceyville St.
This Medical Office Building situated on 1 acre is located in the Greensboro MSA just north of the Central Business District near Wendover Avenue. Moses Cone Hospital is just east of the property off N. Church Street. Property is currently leased by Cone Health through 11/30/28 and used as a primary care office. The property was purchased for $1.075M (~$200k below list price) and is on a 7 year lease. Initial cash on cash return is 7.4% and 27.9% IRR.
The Emory
Currently developing a 5-home community in an Opportunity Zone adjacent to some of Greensboro’s wealthiest neighborhoods. Metamorph has purchased the existing parcel in Oct 2021. Construction is scheduled to be completed and sold by Fall 2022.
700 Greensboro Rd.
Located in a growing area of the Triad between High Point and Jamestown, Just What I Needed Day Care provides investors with an absolute triple net (NNN) lease and no landlord responsibilities. The property was purchased for $395k ($100k below list price) and has just begun the 10 year lease that is subject to (2) – five year option with 10% increases every five years. Initial cash on cash return is 31% and 47.9% IRR.