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Views: 76 DOM: 184 Updated: 10.16.24 Posted: 05.14.24 Status: Active

Summary

Price $4,975,000
Built/Renov 2018
Tenant Fresenius Medical Care
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 13,888
Lease Start 06-01-2018
#Units 4,171
Price/SF $358.22
Expiration 06-01-2033
Tenant Type Medical/Health
NOI $298,475
R. Term 8.6
Ownership Fee Simple
Rent/SF $21.49
Increases 1.7%/1/yrs
Pop 5Mi 111,943
Lot/AC 1.27
Options 3/5yrs
AHHI 5Mi $136,217

Lease Highlights

  • Fresenius has 8+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 1.7% annual rental increases throughout the initial term and option periods
  • Landlord responsibilities consist of roof, structure, CAM, HVAC, & Insurance | Landlord is to be reimbursed for all insurance + operating expenses
  • Corporate guaranteed lease

Location Description

Fresenius Medical Care is strategically located on W. Capitol Drive, with access to 38,000 vehicles passing by daily. The property is situated within close proximity to Shoppers World of Brookfield, The Mayfair Collection, and other shopping centers. The immediate area is surrounded by well-known national tenants including Home Depot, Target, Petco, ALDI, Walgreens, Macy’s, among others....

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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 : 6,277 38,259 114,566
2024 Total Population : 6,335 37,741 110,982
2024 Employed Civilian Pop : 3,235 18,929 55,274
2024 Total Businesses : 218 1,529 6,801
2024 Average Household Income : $ 165,300 $ 175,541 $ 142,358
2024 Total Consumer Spending : $ 338 M $ 2124 M $ 5578 M
2024 Median Age : 46 44 43
2024 Total Households : 2,419 14,260 45,534
2024 Pop Age 25+: Bachelor's Degree : 1,750 9,444 26,335
2024 Average Home Value : $ 495,203 $ 508,159 $ 453,528
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Beaufort Dr Crest Hill Dr 2000 700 0.07 mi
W Capitol Dr Yukon Rd 2015 36,900 0.10 mi
Lisa Ln Beaufort Dr 2000 150 0.16 mi
N Calhoun Rd W Capitol Dr 2018 14,400 0.23 mi
N Calhoun Rd Eldorado Dr 2018 9,400 0.27 mi
N 169th St W Capitol Dr 2000 700 0.37 mi
Imperial Dr W Capitol Dr 2009 2,100 0.43 mi
Ridgeview Dr N Calhoun Rd 2000 150 0.49 mi
Mountain Dr W Capitol Dr 2000 700 0.53 mi
Fountian Plaza Dr W Capitol Dr 2000 240 0.58 mi

Listing Broker

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