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Single-Tenant Office Medical

Fresenius Medical Care (Absolute NNN)

314 W Spring St, Sylacauga, AL 35150

Listing Price: $1,789,335

Cap Rate
5.25%
Tenant Name
NNA of Alabama, Inc.
Years Remaining On Lease
16.2
Guarantor
Corporate Guarantee
Rentable SF
5,018
Lease Type
Absolute Net
Rent Per Square Feet
$18.72

Investment Overview

RARE 20-YEAR ORIGINAL LEASE TERM WITH ANNUAL CPI INCREASES 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. ABSOLUTE NNN LEASE 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. (See Market Lease Comparison) WELL-ESTABLISHED LOCATION POSITIONED DIRECTLY ACROSS FROM THE REGION’S ONLY HOSPITAL Fresenius has a 23-year operational history at this location and is one of only two dialysis centers within a 20-mile radius. The Subject Property is strategically positioned directly across from Coosa Valley Medical Center (248-Beds, 675 Employees), the region’s only hospital within 22 miles. The Coosa Valley Medical Center (CVMC) recently opened a newly expanded emergency room, enlarged and improved admitting facilities and enhanced the outpatient pre-admission testing areas and operating areas. All of these improvements tripled the size of the previous structure. The city of Sylacauga is centrally located between Birmingham and Atlanta and easily accessible by land and rail. In the southernmost part of Talladega County, the region has two major transportation corridors: Interstate 20 and U.S. 280. This area is most famous for the Talladega Superspeedway - the fastest, most competitive motorsports facility in the world. INVESTMENT GRADE LEASE GUARANTOR(1) Fresenius Medical Care Holdings, Inc., the Guarantor under the Lease, has been rated “BBB/Stable” by S&P and carries a rating of “Baa3/Stable” from Moody’s, which are both Investment Grade according to each agency’s credit rating scales. This information must be verified by Buyer.

Investment Highlights

  • RARE 20-YEAR ORIGINAL LEASE TERM WITH ANNUAL CPI INCREASES
  • ABSOLUTE NNN LEASE
  • INVESTMENT GRADE LEASE GUARANTOR

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Single-Tenant Office Medical

Fresenius Medical Care (Absolute NNN)

Listing Price: $1,789,335

Cap Rate
5.25%
Tenant Name
NNA of Alabama, Inc.
Years Remaining On Lease
16.2
Guarantor
Corporate Guarantee
Rentable SF
5,018
Lease Type
Absolute Net
Rent Per Square Feet
$18.72

Investment Highlights

  • RARE 20-YEAR ORIGINAL LEASE TERM WITH ANNUAL CPI INCREASES
  • ABSOLUTE NNN LEASE
  • INVESTMENT GRADE LEASE GUARANTOR

Investment Overview

RARE 20-YEAR ORIGINAL LEASE TERM WITH ANNUAL CPI INCREASES 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. ABSOLUTE NNN LEASE 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. (See Market Lease Comparison) WELL-ESTABLISHED LOCATION POSITIONED DIRECTLY ACROSS FROM THE REGION’S ONLY HOSPITAL Fresenius has a 23-year operational history at this location and is one of only two dialysis centers within a 20-mile radius. The Subject Property is strategically positioned directly across from Coosa Valley Medical Center (248-Beds, 675 Employees), the region’s only hospital within 22 miles. The Coosa Valley Medical Center (CVMC) recently opened a newly expanded emergency room, enlarged and improved admitting facilities and enhanced the outpatient pre-admission testing areas and operating areas. All of these improvements tripled the size of the previous structure. The city of Sylacauga is centrally located between Birmingham and Atlanta and easily accessible by land and rail. In the southernmost part of Talladega County, the region has two major transportation corridors: Interstate 20 and U.S. 280. This area is most famous for the Talladega Superspeedway - the fastest, most competitive motorsports facility in the world. INVESTMENT GRADE LEASE GUARANTOR(1) Fresenius Medical Care Holdings, Inc., the Guarantor under the Lease, has been rated “BBB/Stable” by S&P and carries a rating of “Baa3/Stable” from Moody’s, which are both Investment Grade according to each agency’s credit rating scales. This information must be verified by Buyer.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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