OFFERING SUMMARY
Price: $2,032,154
Cap Rate: 6.5%
NOI: $132,090
Price per SF: $248
Lease Type: Double Net
OFFERING HIGHLIGHTS
- Double Net Lease
- Corporately Guaranteed
- 2005 Construction
- Lease Term: 4+ years, with two 5-year options
- NOI: $132,090
INVESTMENT OVERVIEW
The subject offering affords both new and experienced investors the opportunity to acquire a corporately guaranteed, double-net Fresenius Medical Care (NYSE: FMS) property located along a high-density medical corridor in Sulphur Springs, Texas. The 8,194 S/F building was a built-to-suit for Fresenius in 2005 and sits right next to CHRISTUS Mother Francis Hospital, the primary medical facility for all of Sulphur Springs. The lease, which was recently renewed, has just under 5 years remaining on the primary term and boasts two (2) 5-year options with a FMV increase in each option. Sulphur Springs sits just east of Dallas, Texas, and has a growing population of almost 17,000 residents. With limited dialysis competition and fantastic proximity to the region’s medical center, this is a key location not just for the tenant but for dialysis services in general. Fresenius Medical Care has performed extremely well throughout the COVID-19, and this impressive performance is poised for continued growth on account of their recession-proof business model, backed by a proven history of inelastic demand.
