Fresenius Medical Care
Kalamazoo, MI


Price: $2,272,628
Cap Rate: 6.85%
Gross Leasable Area: 8,168 SF
NOI: $143,675 (plus additional income from Billboard)

  • Double Net Lease
  • Recent 5-Year Lease Extension
  • 20-Year Operating History
  • 10% Rental Increase in 2024
  • 6+ Years Remaining on Term

The subject offering provides an opportunity for both new and seasoned investors to acquire a Fresenius Medical Care property situated in Kalamazoo, Michigan. The 8,168 square-foot clinic boasts nearly a 20-year operating history and has more than six years remaining on term, with Fresenius having recently exercised their five-year option early. A rental increase of 10 percent is scheduled in September of 2024, along with two percent annual increases come September 2027, and this center is open six days a week running three shifts a day. At $278 per square foot, this is an excellent opportunity to invest in a recession-resistant property with strong medical fundamentals.

$2.2M | Active Listings | Double-Net | Medical / Dental | Michigan | Net-Leased | Opportunity Zone | STNL