Central Carolina Sports & Orthopedic Medicine- Sanford, NC

Favorable Asset Class: Medical office properties historically exhibit strong tenant retention, above-average rental rates, and durable appreciation, making them a preferred asset type for long-term investors.
Below Replacement Cost: Priced at $174 per square foot, the asset offers a compelling value proposition, significantly below estimated replacement cost.
Recent Capital Improvements: Comprehensive HVAC replacement completed within the past three years. Additional site enhancements include seven new parking spaces and full exterior repainting, reducing near-term capital expenditure risk.
Contractual Rent Growth: The prominent tenant, Central Carolina Sports & Orthopedic Medicine (affiliated with Duke LifePoint), benefits from 2% annual rental escalations, supporting stable, inflation-hedged income growth.
Strategic Medical Corridor Location: Surrounded by a concentration of healthcare providers, the asset is well-positioned to attract and retain medical tenants seeking proximity to complementary services.
Hospital Proximity: Located just 500 feet from the 137-bed Central Carolina Hospital (Duke LifePoint), the property directly benefits from adjacency to a major regional healthcare facility.
Access to Regional Talent Pool: Situated 45 minutes from the Raleigh-Durham Research Triangle, the property is well-positioned to leverage physician recruitment pipelines and healthcare innovation hubs tied to leading medical schools.
Market Momentum: Sanford has attracted over $1 billion in recent investment from international firms such as Bharat Forge and Kyowa Kirin, underscoring robust economic growth and increasing demand for healthcare infrastructure.
Strong Tenant Affiliation: The primary tenant operates as a clinic for the adjacent Duke LifePoint-owned hospital, enhancing tenancy stability through direct hospital integration.
In-Demand Specialized Services: The property also houses ABA therapy services, addressing a rapidly growing segment of healthcare with sustained demand and limited regional supply.

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Kyle Matthews