Investment Overview

Marcus & Millichap is pleased to present his exceptional net-leased investment opportunity located at 260 Smith Church Road in Roanoke Rapids, North Carolina. Featuring a nationally established dialysis provider in a strategically positioned healthcare corridor, the property is secured by a Modified Gross Lease. This lease provides investors with relatively passive ownership and minimal landlord responsibility. Additionally, the tenant’s long-term, 20-year lease demonstrates the tenant’s strong commitment to the location and is further enhanced by two five-year renewal options, offering substantial long-term income stability. The lease also included annual rent increases tied to the Consumer Price Index (CPI) with one percent floor and two percent cap, creating a built-in hedge against inflation while providing predictable revenue growth throughout the lease term. Located directly across the street from Neosho Memorial Regional Hospital, the area’s leading healthcare provider serving more than 30,000 patients annually, the property benefits from a highly complementary medical environment and strong healthcare-driven traffic. Notably, the property is occupied by the region’s only dialysis clinic, creating a significant competitive advantage and establishing a dependable patient base without the threat of competing dialysis provider nearby. This unique market position supports the long-term viability of the tenant’s operations and further strengthens the invests underlying fundamentals. Overall, the property’s strategic location, essential healthcare use, corporate lease guaranty, and inflation-protected rental growth combine to create a compelling investment opportunity for investors.