Single-Tenant Office Medical
Fresenius Medical Care
703 S Plummer Ave, Chanute, KS 66720
Listing Price: $3,100,000
Cap Rate
6.30%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
13.0
Gross SF
7,380
Guarantor
Corporate Guarantee
Rentable SF
7,380
Price/Gross SF
$420.05
Lease Type
Absolute Net
Rent Per Square Feet
$26.46
Investment Overview
See Highlights
Fresenius Medical Care
Investment Highlights
- Absolute Net Lease - This property is secured by a corporately guaranteed NNN lease, ensuring the landlord bears zero responsibilities.
- Strategic Location - Located across the street from Neosho Memorial Regional Hospital, the leading hospital for the area that provides care to over 30,000 patients a year.
- No Competition - This clinic is the only dialysis center in the region, ensuring a strong patient base for the location without competing against other clinics.
- Annual Rent Increases - The lease includes annual rental increases based on CPI (1% floor & 2% cap).
- Multiple Renewal Options - The tenant showed dedication to this location with a long term absolute net 20-year lease with three (3), 5-year options to renew.
Broker of Record
Listing Price: $3,100,000
Cap Rate
6.30%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
13.0
Gross SF
7,380
Guarantor
Corporate Guarantee
Rentable SF
7,380
Price/Gross SF
$420.05
Lease Type
Absolute Net
Rent Per Square Feet
$26.46
Investment Highlights
- Absolute Net Lease - This property is secured by a corporately guaranteed NNN lease, ensuring the landlord bears zero responsibilities.
- Strategic Location - Located across the street from Neosho Memorial Regional Hospital, the leading hospital for the area that provides care to over 30,000 patients a year.
- No Competition - This clinic is the only dialysis center in the region, ensuring a strong patient base for the location without competing against other clinics.
- Annual Rent Increases - The lease includes annual rental increases based on CPI (1% floor & 2% cap).
- Multiple Renewal Options - The tenant showed dedication to this location with a long term absolute net 20-year lease with three (3), 5-year options to renew.
Investment Overview
See Highlights
Broker of Record
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