Single-Tenant Office Medical
Fresenius Medical Care
1320 Eastchester Dr, High Point, NC 27265
Listing Price: $4,232,000
Investment Overview
Marcus and Millichap is pleased to offer for sale the Fresenius Medical Care located in High Point, NC. The subject property is located along Eastchester Drive (Hwy 68), the north/south thoroughfare that provides access from High Point to the Piedmont Triad International Airport, which lies 13 miles to the North. Priced at a 6% CAP rate, there are currently 8 years remaining on an original 15 year lease.
Fresenius Medical Care
Investment Highlights
- CORPORATE GUARANTY - Corporate lease guaranty by Fresenius Medical Care Holdings, Inc., the largest provider of renal care in the world.
- CERTIFICATE OF NEED (CON) STATE – North Carolina has some of the strictest CON laws in the entire country providing a significant barrier to entry for competitors.
- SECURE TENANT – Fresenius holds an investment grade Baa3 credit rating from Moody's with demand for dialysis services projected to rise due to an aging population and an increase in chronic kidney dis
- RENT ESCALATIONS - Scheduled 10% increases every 5 years.
- MANAGEMENT REIMBURSEMENT – Fresenius recently executed a lease amendment providing for the reimbursement of management fees, creating a more hands-free investment opportunity.
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Financing By
Listing Price: $4,232,000
Investment Highlights
- CORPORATE GUARANTY - Corporate lease guaranty by Fresenius Medical Care Holdings, Inc., the largest provider of renal care in the world.
- CERTIFICATE OF NEED (CON) STATE – North Carolina has some of the strictest CON laws in the entire country providing a significant barrier to entry for competitors.
- SECURE TENANT – Fresenius holds an investment grade Baa3 credit rating from Moody's with demand for dialysis services projected to rise due to an aging population and an increase in chronic kidney dis
- RENT ESCALATIONS - Scheduled 10% increases every 5 years.
- MANAGEMENT REIMBURSEMENT – Fresenius recently executed a lease amendment providing for the reimbursement of management fees, creating a more hands-free investment opportunity.
Investment Overview
Marcus and Millichap is pleased to offer for sale the Fresenius Medical Care located in High Point, NC. The subject property is located along Eastchester Drive (Hwy 68), the north/south thoroughfare that provides access from High Point to the Piedmont Triad International Airport, which lies 13 miles to the North. Priced at a 6% CAP rate, there are currently 8 years remaining on an original 15 year lease.
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Financing By
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