Single-Tenant Office Medical
Fresenius Medical Care (Absolute NNN)
810 Alcorn Dr, Corinth, MS 38834
Listing Price: $2,384,482
Investment Overview
20-year (17-years remaining) Absolute NNN lease with annual CPI rent increases (1% floor, 2% max). There are an additional three, 5-Year Renewal Option Periods. Unlike the standard dialysis center leases with significant Landlord responsibilities (such as roof, structure, parking lot and HVAC replacement), the Subject Property has an absolute NNN lease structure that provides an investor with a long-term, passive income stream with no landlord maintenance responsibilities whatsoever. Fresenius Medical Care Holdings, Inc., the Guarantor under the Lease, carries an Investment Grade Credit Rating of “BBB/Stable” from S&P and “Baa3/Stable” from Moody’s. See full package for details.
Exclusively Listed By
Single-Tenant Office Medical
Fresenius Medical Care (Absolute NNN)
Listing Price: $2,384,482
Investment Highlights
- RARE 20-YEAR (17 YEARS REMAINING) ORIGINAL LEASE TERM WITH ANNUAL CPI INCREASES
- ABSOLUTE NNN LEASE
- WELL-ESTABLISHED LOCATION WITH DIRECT HOSPITAL ACCESS
- INVESTMENT GRADE LEASE GUARANTOR
Investment Overview
20-year (17-years remaining) Absolute NNN lease with annual CPI rent increases (1% floor, 2% max). There are an additional three, 5-Year Renewal Option Periods. Unlike the standard dialysis center leases with significant Landlord responsibilities (such as roof, structure, parking lot and HVAC replacement), the Subject Property has an absolute NNN lease structure that provides an investor with a long-term, passive income stream with no landlord maintenance responsibilities whatsoever. Fresenius Medical Care Holdings, Inc., the Guarantor under the Lease, carries an Investment Grade Credit Rating of “BBB/Stable” from S&P and “Baa3/Stable” from Moody’s. See full package for details.
Exclusively Listed By
