OFFERING SUMMARY
Price: $2,004,925
Cap Rate: 6.50%
Gross Leasable Area: 9,000 SF
NOI: $130,320
OFFERING HIGHLIGHTS
- Recent 5-Year Extension
- Absolute Net Lease
- Minimal Dialysis Competition
- Annual Rent Increases
INVESTMENT OVERVIEW
The Diffie Retail Team is pleased to present exclusively for sale a Fresenius Medical Care (NYSE: FMS) located at 199 Veterans Blvd, South Haven, MI 49090. This deal includes an absolute net lease opportunity with more than 6.7 years remaining on the primary term, with Fresenius having exercised their 5-year option early. A rental increase of nearly 5.5 percent is scheduled in 2024, along with 2 percent annual increases each year following. Furthermore, this clinic has nearly a 20-year operating history at this location and benefits from very minimal surrounding dialysis competition. At $223 per square foot, this is a prime opportunity to enter a recession-resistant healthcare investment boasting a strong return
