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4302 S Main St
Farmville, NC 27828
Office Property For Sale
Investment Highlights
- Corporately guaranteed lease with Fresenius Medical Care, a global healthcare leader.
- Absolute net lease structure requiring tenant responsibility for all operating expenses.
- Facility constructed in 2015 as a purpose-built dialysis center with ongoing roof warranty through October 2030.
- Over seven years remaining on initial term with three 5-year renewal options.
- Scheduled 10% rent escalation effective January 1, 2026, ensuring income growth.
Executive Summary
This offering presents an opportunity to acquire a single tenant, net leased medical property occupied by Fresenius Medical Care in Farmville, North Carolina. Built in 2015 as a build-to-suit facility, the property spans 7,186 square feet on 2.46 acres. It operates under a corporately guaranteed lease with more than seven years remaining on the initial term and three additional 5-year renewal options. The lease structure includes 10% rent escalations every five years, ensuring consistent income growth and long-term stability.
The property is leased on an absolute net basis, placing responsibility for taxes, insurance, utilities, landscaping, and maintenance on the tenant. Fresenius Medical Care is the world's leading provider of products and services for individuals with chronic kidney disease, serving approximately 3.9 million patients globally and reporting annual revenues exceeding $20 billion.
Located along South Main Street in Farmville, NC, the property benefits from visibility and accessibility while being positioned amidst national retail co-tenants such as Dollar General, Advance Auto Parts, and CVS Pharmacy. With its strong credit tenancy, reliable cash flow, and favorable lease structure, this asset provides a secure investment in a growing healthcare segment.
The property is leased on an absolute net basis, placing responsibility for taxes, insurance, utilities, landscaping, and maintenance on the tenant. Fresenius Medical Care is the world's leading provider of products and services for individuals with chronic kidney disease, serving approximately 3.9 million patients globally and reporting annual revenues exceeding $20 billion.
Located along South Main Street in Farmville, NC, the property benefits from visibility and accessibility while being positioned amidst national retail co-tenants such as Dollar General, Advance Auto Parts, and CVS Pharmacy. With its strong credit tenancy, reliable cash flow, and favorable lease structure, this asset provides a secure investment in a growing healthcare segment.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,186 SF
Building Class
B
Year Built
2016
Price
$10,134,761
Price Per SF
$1,410.35
Cap Rate
6.25%
NOI
$633,423
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,186 SF
Building FAR
0.07
Lot Size
2.46 AC
Opportunity Zone
Yes
Zoning
HBD - Highway Business District
Parking
30 Spaces (4.17 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 005697 | Improvements Assessment | $1,231,402 |
| Land Assessment | $515,097 | Total Assessment | $1,746,499 |
Property Taxes
Parcel Number
005697
Land Assessment
$515,097
Improvements Assessment
$1,231,402
Total Assessment
$1,746,499
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