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Views: 89 DOM: 80 Updated: 09.11.24 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 5.0
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 escalations 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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Listing Broker

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