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    340 Anderson Hollow Rd Norton, VA 24273

    For Sale
    $2,800,000

    NNN leased medical office with investment upside.

    Property size:
    14,512 SF
    Lot size:
    2.00 Acres

    Property Features for 340 Anderson Hollow Rd

    General Information

    Size
    14,512 SF
    Lot size
    2.00 Acres

    Source: Clay Brown Agent Clay Brown

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Investment Opportunity

    This property is leased to Fresenius Medical Care, a Fortune 500 company (NYSE: $FMS). In 2013, Fresenius signed a 15-year lease with three 5-year options to extend, demonstrating a strong commitment to the site. Approximately 5 years remain on the initial NNN lease term, with 2.50% annual increases year-over-year. Fresenius is the largest operator of outpatient dialysis clinics, generating revenues in excess of $19.6 billion across over 4,100 clinics. The company has an S&P rating of BBB. The property is the only dialysis/renal clinic within a 20-mile radius. The property contains 14,512 square feet.
    Location Intelligence

    Current Use by Public Records

    Carrie Burke Counselor Ida K. Carlton, ... Doctor Skeen Melanie L ... Doctor Clarvida Mental Health Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norton
    County
    Norton
    State
    Virginia
    Longitude
    -82.6226763
    Latitude
    36.9453512

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    FAQs

    What type of property is this?
    Medical office - NNN leased medical office with investment upside.
    Where is this medical office located?
    The property is located at 340 Anderson Hollow Rd Norton, VA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Fresenius Medical Care, a Fortune 500 Company, is the tenant, demonstrating financial stability.; - NNN lease to Fresenius simplifies ownership responsibilities.; - Approximately 5 years remaining on the initial lease term, providing stable income.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    340 Anderson Hollow Rd Norton, VA 24273
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