The property is located within The Health Park at Timber Drive, which has become the premier medical office park in Eastern Wake County and Johnston County, NC. It benefits from an excellent location at the intersection of Interstate 40 and Highway 70, approximately seven miles southeast of downtown Raleigh. The property is directly adjacent to White Oak Crossing, an 825,000-square-foot retail center that includes national tenants Target, Kohl’s, Dick’s Sporting Goods and Best Buy, as well as several national restaurant chains.
The property is anchored with long-term leases to Rex Hospital, wholly owned by UNC Healthcare, and Wake Radiology, the Triangle’s largest radiology practice. Additionally, tenants include Wake Orthodontic and Pediatric Dentistry, and Capitol Ear Nose and Throat are multi-office practices that are established, well-respected practices in the Triangle.
As more and more healthcare providers are choosing to forgo expensive locations on hospital campuses in favor of more cost effective off-campus sites in close proximity to retail nodes and nearby residential communities, these properties are well positioned for the evolving healthcare environment. The ease of access provided by regional highway infrastructure, and the traffic and visibility created by the adjacent retail tenancy, create an ideal environment for growing medical practices.
Partner: Chartwell Property Group
Property Type: Medical Office Building
Square Footage: 560, 000 SF