Net-Leased Medical
For Sale
Contact for pricing
1159 Glendale Road, Galax, VA 24333
2006-built medical facility leased double-net to Fresenius Medical Care with landlord responsibility for roof, structure, HVAC, and parking.
Property Size6,300 SF
Days on Market120
Property Features for 1159 Glendale Road
General Information
Standard status
Active
Size
6,300 SF
Property subtype
Office, Special Purpose
Additional Details
Cap Rate
7.5%
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
Peranich Huffman Net Lease Group Dallas
Listed By:
Nathan Huffman · License #TX 553697
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 4:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peranich Huffman Net Lease Group Dallas
Investment Insights
Based on property information with market context.
Offered for sale on an exclusive basis, this 2006-built medical facility totals 6,300 square feet and is leased on a double-net basis to Fresenius Medical Care. The lease structure assigns landlord responsibility solely for repairs and replacement of the roof, structure, HVAC unit, and parking areas, while the tenant is responsible for maintenance of the premises. The lease has approximately 3.4 years remaining and includes two 5-year renewal options.
Located at 1159 Glendale Road in Galax, Virginia, the property is home to Fresenius Medical Care, a national provider of renal care for patients with chronic kidney failure and end stage renal disease. The remarks state Fresenius is the largest provider of renal care in both the United States and worldwide.
The offering is presented with a double-net structure and a national tenant, with the landlord retaining key building- and site-related replacement responsibilities under the lease.
Located at 1159 Glendale Road in Galax, Virginia, the property is home to Fresenius Medical Care, a national provider of renal care for patients with chronic kidney failure and end stage renal disease. The remarks state Fresenius is the largest provider of renal care in both the United States and worldwide.
The offering is presented with a double-net structure and a national tenant, with the landlord retaining key building- and site-related replacement responsibilities under the lease.
Key Highlights
- 6,300 SF medical facility constructed in 2006
- Double‑net lease to Fresenius Medical Care
- Landlord is responsible for roof, structure, HVAC unit, and parking area repairs/replacements
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Explore this area
Business Placement
Demographics for 24333, VA
17,309
Population
9,029
Households
1.9
Avg Household Size
46
Median Age
16%
College-Educated
83%
High-School Grad
144.9 sq mi
ZIP Area
119
Density / Sq Mi
$47,539
Median Household Income
$34,297
Median Earnings
$713
Median Rent
$135,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - 2006-built medical facility leased double-net to Fresenius Medical Care with landlord responsibility for roof, structure, HVAC, and parking.
Where is this medical center located?
The property is located at 1159 Glendale Road Galax, VA.
What are key features of this property?
This property features: 6,300 SF medical facility constructed in 2006; Double‑net lease to Fresenius Medical Care; Landlord is responsible for roof, structure, HVAC unit, and parking area repairs/replacements
