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Single-Tenant Office Medical

Fresenius Medical Care | Annual Rent Increases

6826 Madison Ave, Indianapolis, IN 46227

Listing Price: $3,623,377

Cap Rate
5.70%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
7.9
Guarantor
Corporate Guarantee
Rentable SF
11,847
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.42

Investment Overview

LONG-TERM SINGLE TENANT NET LEASED DIALYSIS CENTER
The subject property is a single tenant Fresenius Medical Care dialysis clinic operating under a 15-year corporately guaranteed lease. The investment offering provides a new buyer with approximately 8.5-years remaining on the primary lease term and an additional three, 5-year extension options.
ATTRACTIVE ANNUAL RENT INCREASES
Unlike competing single tenant dialysis property leases which typically offer rent increases every 5-years, the subject property’s corporate lease offers annual rent escalations during the primary lease term and option periods, which provides a new investor with steady and compounding rent growth.
INVESTMENT GRADE LEASE GUARANTOR(1)
The subject property lease is guaranteed by Fresenius Medical Care Holdings, Inc.(1), which carries a “BBB-” rating from Standard & Poors and “Baa3” from Moody’s.
SITUATED NEAR FRANCISCAN HEALTH HOSPITAL (600+ BEDS)
The subject property was constructed on a built-to-suit basis for Fresenius Medical Care and it is situated within close proximity to the Franciscan Health Hospital of Indianapolis - a 600+ bed hospital.
MINUTES FROM DOWNTOWN INDIANAPOLIS
The property has direct street frontage along NC 11 Highway, which provides direct access to regional markets including Greenville, NC. There are strong traffic counts of 5,966 VPD near the subject property.

Investment Highlights

  • LONG-TERM SINGLE TENANT NET-LEASED DIALYSIS CLINIC
  • ATTRACTIVE ANNUAL RENT INCREASES
  • INVESTMENT GRADE LEASE GURANTOR
  • SITUATED NEAR FRANCISCAN HEALTH HOSPITAL (600+ BEDS)
  • MINUTES FROM DOWNTOWN INDIANAPOLIS

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Single-Tenant Office Medical

Fresenius Medical Care | Annual Rent Increases

Listing Price: $3,623,377

Cap Rate
5.70%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
7.9
Guarantor
Corporate Guarantee
Rentable SF
11,847
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.42

Investment Highlights

  • LONG-TERM SINGLE TENANT NET-LEASED DIALYSIS CLINIC
  • ATTRACTIVE ANNUAL RENT INCREASES
  • INVESTMENT GRADE LEASE GURANTOR
  • SITUATED NEAR FRANCISCAN HEALTH HOSPITAL (600+ BEDS)
  • MINUTES FROM DOWNTOWN INDIANAPOLIS

Investment Overview

LONG-TERM SINGLE TENANT NET LEASED DIALYSIS CENTER The subject property is a single tenant Fresenius Medical Care dialysis clinic operating under a 15-year corporately guaranteed lease. The investment offering provides a new buyer with approximately 8.5-years remaining on the primary lease term and an additional three, 5-year extension options. ATTRACTIVE ANNUAL RENT INCREASES Unlike competing single tenant dialysis property leases which typically offer rent increases every 5-years, the subject property’s corporate lease offers annual rent escalations during the primary lease term and option periods, which provides a new investor with steady and compounding rent growth. INVESTMENT GRADE LEASE GUARANTOR(1) The subject property lease is guaranteed by Fresenius Medical Care Holdings, Inc.(1), which carries a “BBB-” rating from Standard & Poors and “Baa3” from Moody’s. SITUATED NEAR FRANCISCAN HEALTH HOSPITAL (600+ BEDS) The subject property was constructed on a built-to-suit basis for Fresenius Medical Care and it is situated within close proximity to the Franciscan Health Hospital of Indianapolis - a 600+ bed hospital. MINUTES FROM DOWNTOWN INDIANAPOLIS The property has direct street frontage along NC 11 Highway, which provides direct access to regional markets including Greenville, NC. There are strong traffic counts of 5,966 VPD near the subject property.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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