Skip to main content

Single-Tenant Office Medical

Fresenius Medical Care

130 Westavia Blvd, Scottsburg, IN 47170

Listing Price: $2,288,000

Cap Rate
6.00%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
6.5
Guarantor
Corporate Guarantee
Rentable SF
7,914
Lease Type
Double Net
Rent Per Square Feet
$17.35

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% 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.

Investment Highlights

  • Double Net Lease
  • Corporate Guarantee
  • 6+ Years Remaining on Lease Term
  • Minimal Dialysis Competition within 20 Miles

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Single-Tenant Office Medical

Fresenius Medical Care

Listing Price: $2,288,000

Cap Rate
6.00%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
6.5
Guarantor
Corporate Guarantee
Rentable SF
7,914
Lease Type
Double Net
Rent Per Square Feet
$17.35

Investment Highlights

  • Double Net Lease
  • Corporate Guarantee
  • 6+ Years Remaining on Lease Term
  • Minimal Dialysis Competition within 20 Miles

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% 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.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

MM Texture Background
MM Textured Background Lower