OFFERING SUMMARY
Price: $3,034,582
CAP Rate: 5.50%
Lease Type: Double Net
Guarantor: Corporate
Gross Leasable Area: 7,104 SF
Year Built: 2016
OFFERING HIGHLIGHTS
- Double Net Lease
- Corporate Guarantee
- 2016 Construction
- Lease Term: 9+ years, with three 5-year options
- NOI: $166,902
INVESTMENT OVERVIEW
The subject offering affords both new and experienced investors the opportunity to acquire a corporately guaranteed, double net Fresenius Medical Care (NYSE: FMS) property located along a highly trafficked medical corridor in Kingsland, Georgia. The 7,104 S/F building was a build to suit for Fresenius in 2016 and sits right next to South Georgia Health Systems Camden Campus Hospital. The lease has just under 10 years remaining on the primary term and boasts three 5-year options with a 10% increase in each option. Kingsland also benefits from its proximity to Jacksonville, Florida, which is located just thirty-five miles south and has become an integral hub for the southeast.
