Single-Tenant Office Medical

Fresenius Medical Care

2355 S Hamilton Rd, Columbus, OH 43232

Listing Price: $1,783,700

Cap Rate
6.75%
Tenant Name
Mid-America Dialysis, LLC
Years Remaining On Lease
6.3
Gross SF
11,200
Guarantor
Corporate Guarantee
Rentable SF
11,200
Price/Gross SF
$159.26
Lease Type
Double Net
Rent Per Square Feet
$10.75

Investment Overview

North America is Fresenius Medical Care's largest market by far with a 38% market share of the dialysis market in the United States. The company operates more than 2,350 of its own dialysis clinics here, treats more than 180,000 patients and is continuing its expansion both domestically and overseas. Annual revenue is approximately $22B.

North American headquarters is in Waltham, Massachusetts. As of September 2019 there were more than 277,000 employees worldwide. The company is ranked 258th on the Forbes Global 2000.

Fersenius Medical Care was upgraded in May of this year to a BBB rating (Investstment Grade Credit) by Standard & Poors with a stable outlook due to beating expectations on Wall Street with its first quarter earnings release.

Mid-America Dialysis LLC. is a wholly owned subsidiary of Fersenius Medical Care, Inc. The tenant has been operating at this location since 2011.

The facility is ideally located with over 235,000 residents and an average household income of $58,000 within a 5-mile radius.

The current owner installed a new HVAC System in November of 2019. All HVAC repairs and maintenance are tenants responsibility.

Investment Highlights

  • Located just north of Eastland Mall on South Hamilton Road +/- 40,000 cars per day
  • Occupied by largest Dialysis Provider in the World - Fersenius Medical Care, Inc.
  • Recent 5-Year Lease Extension w/2% Annual Increases (Total of 7.5 Years)
  • A Double Net Lease offers Minimal and Passive Landlord Responsibilities
  • 3 shifts on Mon., Wed. & Fri. and 2 Shifts on Tues., Thurs. & Sat. with 24 stations
  • Ideal demographics for dialysis with over 235,000 residents within a 5-mile radius

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Single-Tenant Office Medical

Fresenius Medical Care

Listing Price: $1,783,700

Cap Rate
6.75%
Tenant Name
Mid-America Dialysis, LLC
Years Remaining On Lease
6.3
Gross SF
11,200
Guarantor
Corporate Guarantee
Rentable SF
11,200
Price/Gross SF
$159.26
Lease Type
Double Net
Rent Per Square Feet
$10.75

Investment Highlights

  • Located just north of Eastland Mall on South Hamilton Road +/- 40,000 cars per day
  • Occupied by largest Dialysis Provider in the World - Fersenius Medical Care, Inc.
  • Recent 5-Year Lease Extension w/2% Annual Increases (Total of 7.5 Years)
  • A Double Net Lease offers Minimal and Passive Landlord Responsibilities
  • 3 shifts on Mon., Wed. & Fri. and 2 Shifts on Tues., Thurs. & Sat. with 24 stations
  • Ideal demographics for dialysis with over 235,000 residents within a 5-mile radius

Investment Overview

North America is Fresenius Medical Care's largest market by far with a 38% market share of the dialysis market in the United States. The company operates more than 2,350 of its own dialysis clinics here, treats more than 180,000 patients and is continuing its expansion both domestically and overseas. Annual revenue is approximately $22B.

North American headquarters is in Waltham, Massachusetts. As of September 2019 there were more than 277,000 employees worldwide. The company is ranked 258th on the Forbes Global 2000.

Fersenius Medical Care was upgraded in May of this year to a BBB rating (Investstment Grade Credit) by Standard & Poors with a stable outlook due to beating expectations on Wall Street with its first quarter earnings release.

Mid-America Dialysis LLC. is a wholly owned subsidiary of Fersenius Medical Care, Inc. The tenant has been operating at this location since 2011.

The facility is ideally located with over 235,000 residents and an average household income of $58,000 within a 5-mile radius.

The current owner installed a new HVAC System in November of 2019. All HVAC repairs and maintenance are tenants responsibility.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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