Fresenius Medical Care

17500 West Capitol Drive, Brookfield, WI 53045

$4,975,000

Cap Rate 6.00%

Views: 103 DOM: 221 Updated: 11.21.24 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 8.5	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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Key Features

Build to suit
Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Annual rent increases
Traded and rated company
Over 2000 units backed
Corporate Guarantee

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Links

Fresenius Wikipedia Fresenius Medical Care Wikipedia Brookfield, Wisconsin Zip Code 53045 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Fresenius Medical Care
Guarantor:Corp T and Rated
Company:Fresenius Medical Care
# Units:4,171
Tenant S&P: BBB-
Moody’s: Baa3
Stock: NYSE: FMS

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

Michael Carter

SRS National Net Lease Group

Contact

36 Listings
4802 Views
3 Sold

Frank Rogers

SRS National Net Lease Group

Contact

37 Listings
4922 Views
3 Sold

Michael Carter

Michael Carter joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Michael joined SRS with seven years of retail investment sales experience. Prior to joining SRS, he served as senior director with his previous firm. Michael’s deep understanding of the net lease industry and constantly growing market knowledge has earned him several oppo

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Frank Rogers

Frank Rogers joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Frank joined SRS with more than five years of retail investment sales experience. At his previous firm, Frank was responsible for the management of his clients’ real estate portfolios across the nation, for which he advised them on the best course of action for their invest

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