Fresenius Medical Care

783 New Hwy 68, Sweetwater, TN
Deal Type:
Net Lease
Price:
$2,978,000
Cap Rate:
6.25%
Current Rent:
$186,125
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 9 years
Renewal Options:
3, 5 Year Options
Building Sq. Ft.:
9,506 SF
Rent Increases:
The lesser of CPI or 2% Annually
Site Size:
1.02 Acres

Investment Highlights

  • LONG TERM COMMITMENT WITH NO LANDLORD RESPONSIBILITIES: Absolute NNN lease structure over 9 years plus extensions remaining with no landlord responsibilities providing passive ownership
  • STRONG PERFORMING TENANT: Fresenius is a strong corporate tenant with over 2,600 dialysis centers nationwide and over 3 Billion in North American Revenue in 2023
  • WELL POSITIONED: Situated on a major highway, US-68, the property benefits from high visibility and traffic. US- 68 sees over 15,000 VPD. In close proximity to strong surrounding retail including Subway, Taco Bell, Domino’s, Walgreens and many more
  • INVESTMENT GRADE CREDIT: Fresenius is a publicly traded company (NYSE: FMS) with S&P Rating of BBB-
  • ANNUAL RENT INCREASES: Hedge Against Inflation

Listing Agents

Jordan Koeppel

Senior Vice President
561 789 5504
[email protected]

Connor Shell

Managing Director
407 913 9009
[email protected]

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