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Single-Tenant Office Medical

Fresenius Kidney Care

11305 Station W Dr, Knoxville, TN 37934

Listing Price: $1,429,000

Cap Rate
4.25%
Tenant Name
Fresenius Kidney Care
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
3,358
Lease Type
Double Net
Rent Per Square Feet
$18.11

Investment Overview

Marcus & Millichap is pleased to present Fresenius Kidney Care, a truly rare investment opportunity for an investor to purchase a property with a proven track record of success in the market of Knoxville, TN. This is a corporate backed lease with a credit tenant. Additionally, this property is an essential business making it a recession, pandemic, and e-commerce proof concept. This tenant also has 30+ years of operating as this location and exercised the most recent 5 year option early showing their commitment to this site. This prime property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • Corporate Backed Lease With Credit Tenant
  • Essential Business - Recession, Pandemic and E-commerce Proof
  • 30+ Years Operating History Out of This Location
  • 2.5% Annual Increases with a 7% Annual Increase on 9/1/2024 with 3% Annual Increases in the Option Periods
  • Exercised Most Recent 5 Year Option Early

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Single-Tenant Office Medical

Fresenius Kidney Care

Listing Price: $1,429,000

Cap Rate
4.25%
Tenant Name
Fresenius Kidney Care
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
3,358
Lease Type
Double Net
Rent Per Square Feet
$18.11

Investment Highlights

  • Corporate Backed Lease With Credit Tenant
  • Essential Business - Recession, Pandemic and E-commerce Proof
  • 30+ Years Operating History Out of This Location
  • 2.5% Annual Increases with a 7% Annual Increase on 9/1/2024 with 3% Annual Increases in the Option Periods
  • Exercised Most Recent 5 Year Option Early

Investment Overview

Marcus & Millichap is pleased to present Fresenius Kidney Care, a truly rare investment opportunity for an investor to purchase a property with a proven track record of success in the market of Knoxville, TN. This is a corporate backed lease with a credit tenant. Additionally, this property is an essential business making it a recession, pandemic, and e-commerce proof concept. This tenant also has 30+ years of operating as this location and exercised the most recent 5 year option early showing their commitment to this site. This prime property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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