Single-Tenant Office Medical

Fresenius Medical Care

9540 Parkway East, Birmingham, AL 35215

Listing Price: $2,277,000

Cap Rate
6.75%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
9,943
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.46

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Fresenius Medical Care a single-tenant property located at 9540 Parkway East, Birmingham, Alabama 35215. The subject property is comprised of 9,943 square feet built in 1976 and renovated in 2010. The building sits on a large 1.29 Acre lot with frontage on Parkway East that oversees 43,500+ Vehicles Per Day. Fresenius Medical Care benefits from a substantial built-in customer base with a population of 280,000+ & 113,000+ households in a 10-mile radius, as well as an average household income of $82,691. The strategic location of Fresenius Medical Care is situated just 3 miles from St. Vincent’s Hospital a 328-bed facility serving the north east Birmingham suburbs. Fresenius Medical Care (NYSE: FMS) is the world’s leading provider of products and services for people with chronic kidney failure. Around 3.5 million patients worldwide with this disease regularly undergo dialysis treatment. Dialysis is a life-saving blood cleansing procedure that substitutes the function of the kidney in case of kidney failure. Fresenius Medical Care cares for more than 347,000 patients in a global network of more than 4,000 dialysis clinics. At the same time, they operate 45 production sites in more than 202 countries, to provide dialysis products such as dialysis machines, dialyzers and related disposables.

Investment Highlights

  • Long Term Passive Income: Fresenius Medical Care has Occupied the Building for 10+ Years with 6 Years Remaining on the Current Lease and Three, 5 Year Options to Extend
  • Excellent Access / Visibility: Located on Parkway East a Major Thoroughfare in North East Birmingham Overseeing 43,500+ Vehicles Per Day
  • Strong Corporate Guaranty: Providing Dialysis Treatments to More than 345,000 Patients Worldwide, in 2019 Fresenius Generated Revenue of Around 20.71 Billion
  • Near The Regions Major Hospital: 3 Miles from St. Vincent's Hospital a 328 Bed Facility Serving the North East Birmingham Suburbs
  • Substantial Built-In Customer Base: Fresenius Medical Care is Surrounded by a Population of 280,000+ & 113,000+ Households in a 10 Mile Radius. With an Average Household Income of $82,691

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Single-Tenant Office Medical

Fresenius Medical Care

Listing Price: $2,277,000

Cap Rate
6.75%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
9,943
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.46

Investment Highlights

  • Long Term Passive Income: Fresenius Medical Care has Occupied the Building for 10+ Years with 6 Years Remaining on the Current Lease and Three, 5 Year Options to Extend
  • Excellent Access / Visibility: Located on Parkway East a Major Thoroughfare in North East Birmingham Overseeing 43,500+ Vehicles Per Day
  • Strong Corporate Guaranty: Providing Dialysis Treatments to More than 345,000 Patients Worldwide, in 2019 Fresenius Generated Revenue of Around 20.71 Billion
  • Near The Regions Major Hospital: 3 Miles from St. Vincent's Hospital a 328 Bed Facility Serving the North East Birmingham Suburbs
  • Substantial Built-In Customer Base: Fresenius Medical Care is Surrounded by a Population of 280,000+ & 113,000+ Households in a 10 Mile Radius. With an Average Household Income of $82,691

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Fresenius Medical Care a single-tenant property located at 9540 Parkway East, Birmingham, Alabama 35215. The subject property is comprised of 9,943 square feet built in 1976 and renovated in 2010. The building sits on a large 1.29 Acre lot with frontage on Parkway East that oversees 43,500+ Vehicles Per Day. Fresenius Medical Care benefits from a substantial built-in customer base with a population of 280,000+ & 113,000+ households in a 10-mile radius, as well as an average household income of $82,691. The strategic location of Fresenius Medical Care is situated just 3 miles from St. Vincent’s Hospital a 328-bed facility serving the north east Birmingham suburbs. Fresenius Medical Care (NYSE: FMS) is the world’s leading provider of products and services for people with chronic kidney failure. Around 3.5 million patients worldwide with this disease regularly undergo dialysis treatment. Dialysis is a life-saving blood cleansing procedure that substitutes the function of the kidney in case of kidney failure. Fresenius Medical Care cares for more than 347,000 patients in a global network of more than 4,000 dialysis clinics. At the same time, they operate 45 production sites in more than 202 countries, to provide dialysis products such as dialysis machines, dialyzers and related disposables.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

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