OFFERING SUMMARY
Price: $1,500,000
Cap Rate: 5.65%
Gross Leasable Area: 7,500 SF
NOI: $84,750
OFFERING HIGHLIGHTS
- Recent 10-Year Extension
- Double Net+ Lease
- Minimal Dialysis Competition
INVESTMENT OVERVIEW
The Diffie Retail Team is pleased to present exclusively for sale the corporately guaranteed Fresenius Medical Care (NYSE: FMS) located at 1805 S Anderson St Elwood, IN 46036. This deal includes a double net plus (NN+) opportunity with over 10 years remaining on the primary term. A rental increase of almost 12 percent is scheduled in 2027 and there is minimal dialysis competition within a twenty-mile radius, making this location integral for dialysis services to the community. The tenant exercised a 10-year extension in 2021 demonstrating their commitment to the site and at $200 per SF, this is a prime opportunity to enter a best-in-class tenant at an appealing price point.
