Fresenius Medical Care
Alice, TX


Price: $2,333,333
CAP Rate: 6%
Gross Leasable Area: 7,800 SF
NOI: $140,400
Year Built: 2000


  • Double Net Lease
  • Income Tax-Free State
  • Corporately Guaranteed

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 in Alice, Texas. The 7,800 S/F building was a built-to-suit for Fresenius in 2000 and sits right next to CHRISTUS Spohn Hospital, the primary medical facility for all of Alice. The lease, which was recently renewed, has 5 years, 8 months remaining and boasts two (2) 5-year options. Recent lease negotiations resulted in a fresh 5-year extension and a significant rent increase, demonstrating Fresenius’ commitment to this location.

Fresenius Medical Care has performed extremely well throughout the pandemic, and this impressive performance is poised for continued growth on account of their recession-proof business model, backed by a proven history of inelastic demand.

$2.3M | Closed Transactions | Corpus Christi MSA | Double-Net | Medical / Dental | Net-Leased | Opportunity Zone