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Views: 117 DOM: 135 Updated: 10.18.24 Posted: 06.30.24 Status: Active

Summary

Price $3,526,049
Built/Renov 2017
Tenant Fresenius Medical Care
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,028
Lease Start 09-19-2017
#Units 4,171
Price/SF $390.57
Expiration 09-30-2029
Tenant Type Medical/Health
NOI $246,823
R. Term 4.10
Ownership Fee Simple
Rent/SF $27.34
Increases 2.5%/1/yrs
Pop 5Mi 507,337
Lot/AC 0.97
Options 2/5yrs/2.5%
AHHI 5Mi $121,463

Lease Highlights

  • Fresenius Medical Care has 4+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 2.5% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Fresenius Medical Care is strategically located on Walters Avenue, with access to 22,800 vehicles passing by daily. The property is a pad-site to Alameda Marketplace, a shopping center anchored by Shoppers (grocery store) and Planet Fitness. The immediate area is surrounded by densely populated residential neighborhoods and benefits from convenient access to York Street, the area’s primary...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Fresenius Medical Care AG & Co. KGaA is a German healthcare company that provides kidney dialysis services through a network of 4,171 outpatient dialysis centers, serving 345,425 patients....


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 31,271 200,638 495,634
2024 Total Population : 32,486 205,491 506,549
2024 Employed Civilian Pop : 16,614 108,429 255,465
2024 Total Businesses : 745 7,561 23,635
2024 Average Household Income : $ 90,619 $ 113,942 $ 100,502
2024 Total Consumer Spending : $ 1121 M $ 8442 M $ 18984 M
2024 Median Age : 40 37 37
2024 Total Households : 13,999 84,499 214,508
2024 Pop Age 25+: Bachelor's Degree : 3,612 33,086 76,854
2024 Average Home Value : $ 244,334 $ 348,953 $ 350,568
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Belvedere Ave The Alameda 2020 8,742 0.07 mi
E Belvedere Ave Chinquapin Pkwy 2012 9,660 0.10 mi
Northwood Drive Saint Dunstans Rd 2020 1,012 0.16 mi
The Alameda Woodbourne Ave 2012 18,070 0.34 mi
Chinquapin Pkwy Elbank Ave 2020 1,162 0.35 mi
E Belvedere Ave Loch Raven Blvd 2018 10,460 0.38 mi
Northwood Dr Marlau Dr 2018 1,210 0.39 mi
Woodbourne Ave The Alameda 2012 7,360 0.39 mi
Woodbourne Ave Kenilworth Ave 2012 7,360 0.39 mi
Loch Raven Boulevard Loch Raven Blvd 2017 21,281 0.40 mi

Listing Broker

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