Fresenius – Roanoke

Davita Southwest San Antonio dialysis
April 3, 2018

Fresenius – Roanoke

  • Price: $995,000
  • Cap Rate: 7.52%
  • Year Built: 1999
  • Building Size: 4,950sf

Highlights

  • Recent 5-Year Lease Extension
  • 2% Annual Rent Increases
  • Limited Competition - Next Closest Clinic is 20 Miles Away
  • Description

    Dialysis Real Estate Experts is pleased to present for sale the single-tenant net leased Fresenius Dialysis facility in Roanoke, Alabama. The 4,950 square foot freestanding facility is the only dialysis clinic within a 20 mile radius of the city. The lease was recently renewed for an additional five-year term, with one five-year option period remaining. The new lease extension calls for 2% annual rent escalations. Priced at $995,000 and a 7.52% cap rate, the subject property provides an investor with an opportunity to acquire a passive net-leased investment that is occupied by a national medical tenant with a consistent reputation of long term tenancy, as well as investment grade credit. Fresenius currently has a credit rating of "BBB-", rated by Standard & Poor's. Fresenius Medical Care is the largest provider of renal care in both the United States and around the world. Fresenius has a net worth exceeding $22.5 Billion. Fresenius offers dialysis treatment through a network of 3,579 outpatient clinics in approximately 45 countries worldwide.

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