Medical Office Building with Dialysis
New
For Sale
$3,143,200
260 Smith Church Rd, Roanoke Rapids, NC 27870
A long-term healthcare tenancy occupies the property under a modified gross lease with renewal options.
Property Size15,833 SF
Price / SF$198.52
Days on Market2
Property Features for 260 Smith Church Rd
General Information
Standard status
Active
Size
15,833 SF
Property subtype
Single-Tenant Office Medical
Occupancy
100%
Lease Type
Modified Gross
Additional Details
Cap Rate
8.1%
Amenities
Modified Gross Lease Offering Stable Cash Flow and Limited Landlord Responsibilities
4-Years Remaining on a Long-Term Lease with Three Five-Year Renewal Options
Annual CPI-Based Rent Increases with a One Percent Floor and Two Percent Cap
46 Dialysis Stations Operating Six Days per Week with No Competing Dialysis Facilities within a 20-Mile Radius
Directly Adjacent to ECU Health North Hospital, a 204-Bed Regional Medical Facility
Expanded by Approximately 4,000 SF in 2014, Reinforcing the Property's Long-Term Viability and Supporting a High Likelihood of Continued Occupancy by Fresenius Medical Care
Building Details
Building Size
15,833 SF
Tenancy
Single
Owner Occupied
No
Abandoned
No
Listing Agency:
Marcus & Millichap | Charlotte Uptown
(704) 831-4639
Listed By:
CJ Wilson · License #License(s): SC: 130948, NC: 353533
(704) 831-4639
Source:
Marcusmillichap
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 6:28AM
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 Marcus & Millichap | Charlotte Uptown
Investment Insights
Based on property information with market context.
This 15,833-square-foot medical office property is occupied by a dialysis provider and operates under a Modified Gross Lease. The lease has a 20-year term, two five-year renewal options, and annual CPI-based rent adjustments with a one percent floor and two percent cap. A corporate lease guaranty is also included.
The property is located at 260 Smith Church Road in Roanoke Rapids, North Carolina, directly across from Neosho Memorial Regional Hospital. The hospital serves more than 30,000 patients annually, placing the asset within an established healthcare setting. The dialysis clinic is identified as the region’s only such facility, supporting its specialized role within the local medical environment.
The property is offered as a healthcare-focused investment with an 8.10% cap rate and a lease structure designed for extended occupancy and defined renewal terms.
The property is located at 260 Smith Church Road in Roanoke Rapids, North Carolina, directly across from Neosho Memorial Regional Hospital. The hospital serves more than 30,000 patients annually, placing the asset within an established healthcare setting. The dialysis clinic is identified as the region’s only such facility, supporting its specialized role within the local medical environment.
The property is offered as a healthcare-focused investment with an 8.10% cap rate and a lease structure designed for extended occupancy and defined renewal terms.
Key Highlights
- 15,833 SF medical office property occupied by a dialysis provider
- 20‑year Modified Gross Lease with two five‑year renewal options
- Annual CPI adjustments with a one percent floor and two percent cap
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27870, NC
25,738
Population
11,578
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
85%
High-School Grad
65.2 sq mi
ZIP Area
395
Density / Sq Mi
$48,994
Median Household Income
$35,581
Median Earnings
$835
Median Rent
$117,300
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A long-term healthcare tenancy occupies the property under a modified gross lease with renewal options.
Where is this medical office space located?
The property is located at 260 Smith Church Rd Roanoke Rapids, NC.
What is the asking price?
The asking price for this property is $3,143,200.
What are key features of this property?
This property features: 15,833 SF medical office property occupied by a dialysis provider; 20‑year Modified Gross Lease with two five‑year renewal options; Annual CPI adjustments with a one percent floor and two percent cap
