102 Dodd St Spring Hope, NC 27882-9348

This fee-simple investment offers a 6,480 square foot, single-tenant medical office building in Spring Hope, North Carolina. The property, built in 2004 on a 2.46-acre lot, is 100% occupied by Fresenius Kidney Care under a triple-net (NNN) lease with a remaining term of 9.8 years, including three and five-year renewal options. The lease, recently extended for an additional ten years, features market value rent bumps in option periods and is considered landlord-friendly with minimal expense exposure. Fresenius Medical Care, a leading global kidney care provider with over 4,100 outpatient clinics, provides a strong, credit-rated tenant with a corporate guarantee. The property boasts 37 parking spaces and is strategically located near major retailers such as Dollar General, Food Lion, and Advance Auto Parts. The asking price is $1,680,171, representing a 7.00% cap rate and a price per square foot of $259.29. The property generates a net operating income (NOI) of $117,612. This investment presents a compelling opportunity in a growing industry, offering stability and strong potential returns. The location, within a ten-mile radius of approximately 37,000 people with an average household income exceeding $80,000 annually, further enhances its attractiveness. The property is situated near the intersection of NC-581 Highway and US Highway 64 ALT. This is a fee simple ownership with no ground lease.