OFFERING SUMMARY
Price: $2,288,000
Cap Rate: 6%
Gross Leasable Area: 7,914 SF*
NOI: $137,282*
*Contact Broker for more information
OFFERING HIGHLIGHTS
- Double Net Lease
- Corporate Guarantee
- 6+ Years Remaining on Lease Term
- Minimal Dialysis Competition
INVESTMENT OVERVIEW
The subject offering allows both new and experienced investors to acquire a corporately guaranteed, double-net Fresenius Medical Care (NYSE: FMS) property located in Scottsburg, Indiana. The 7,914 S/F building (75 percent Fresenius) was constructed in 2009 and is located within 2.5 miles of Scott Memorial Hospital, the largest medical complex in Scottsburg. The lease, which was recently renewed, has 6 years and 7 months remaining along with three (3) 5-year options. Significant upside potential resides in the remaining 1,970 SF that is currently being used for storage by a single-unit retailer. This space could be a potential expansion opportunity for Fresenius or rented at market rates to increase the asset’s net operating income. Current NOI has incorporated estimated taxes and insurance expenses for remaining SF, leaving a value-add opportunity for the incoming investor.
