OFFERING SUMMARY
Price: $3,349,496
Cap Rate: 6.75%
Gross Leasable Area: 8,584 SF
NOI: $226,091
OFFERING HIGHLIGHTS
- Double Net Lease
- Corporate Guarantee
- Minimal Dialysis Competition
- 1.2% Annual Increases
INVESTMENT OVERVIEW
The subject offering affords both new and experienced investors the opportunity to acquire a corporately guaranteed, double-net Fresenius MedicalCare (NYSE: FMS) property located in Locust Grove, Virginia. The 8,584-square-foot building was a built-to-suit for Fresenius in 2013 and is the only dialysis center within a 13-mile radius, making it a critical healthcare asset in the area. The lease has five years and seven months remaining and boasts 1.2 percent annual increases. Backed by a corporate guarantee, this is a prime opportunity to enter a recession-resistant healthcare investment boasting a strong return.
Locust Grove is located right between Washington D.C and Richmond, Virginia, allowing this subject property to see high traffic counts at over 25,000 vehicles per day.
