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Single-Tenant Office Medical

Fresenius | Recent 5 Yr Extension | Long Term Historical Occupancy

1104 Frank W Evans Way, Bennettsville, SC 29512

Listing Price: $995,000

Cap Rate
6.59%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
4.3
Guarantor
Corporate Guarantee
Rentable SF
7,192
Lease Type
Gross Lease
Rent Per Square Feet
$13.26

Investment Overview

Marcus & Millichap is pleased to present the offering for the Fresenius Medical Care located at 1104 Frank W. Evans Way, Bennettsville, SC. This subject property was built in 2000 and currently has over four years remaining on a double net lease with three, 5-year renewal options at fair market rent. This location features 21 dialysis stations operating two shifts. The lease comes equipped with 1.5% annual rental increases as the lease is corporate guaranteed. The landlord is responsible for the roof, parking lot, building insurance, HVAC systems and real estate taxes, while the tenant is responsible for structure, CAM, liability insurance and insuring the premises The subject property is located off Frank W. Evans Way and Cottingham Boulevard North with access and visibility to over 18,000+ combined vehicles per day. Subject property benefits from being located on the main thoroughfare of Bennettsville, South Carolina. The property is situated in a dense retail corridor with other national credit retailers that include: Walmart Supercenter, CVS Pharmacy, Domino’s Pizza, Huddle House, & O’Reilly Auto Parts. Fresenius Medical Care is the world’s leading provider of products and services for people with chronic kidney failure. Around 3.5 Million patients with this disease worldwide regularly undergo dialysis treatment.

Investment Highlights

  • 20+ Years of Historical Occupancy | 4+ Years Remaining
  • 1.50% Annual Rental Increases | Corporate Guaranteed Lease
  • Located off Frank W. Evans Way & Cottingham Blvd N. with Access and Visibility to over 18,000+ Combined VPD
  • Parking Lot Was Recently Repaved in 2020
  • Situated in a Dense Retailer Corridor | Proximity to National Retailers that include: Walmart Supercenter, CVS Pharmacy, Domino's Pizza, Huddle House, & O'Reilly Auto Parts

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Single-Tenant Office Medical

Fresenius | Recent 5 Yr Extension | Long Term Historical Occupancy

Listing Price: $995,000

Cap Rate
6.59%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
4.3
Guarantor
Corporate Guarantee
Rentable SF
7,192
Lease Type
Gross Lease
Rent Per Square Feet
$13.26

Investment Highlights

  • 20+ Years of Historical Occupancy | 4+ Years Remaining
  • 1.50% Annual Rental Increases | Corporate Guaranteed Lease
  • Located off Frank W. Evans Way & Cottingham Blvd N. with Access and Visibility to over 18,000+ Combined VPD
  • Parking Lot Was Recently Repaved in 2020
  • Situated in a Dense Retailer Corridor | Proximity to National Retailers that include: Walmart Supercenter, CVS Pharmacy, Domino's Pizza, Huddle House, & O'Reilly Auto Parts

Investment Overview

Marcus & Millichap is pleased to present the offering for the Fresenius Medical Care located at 1104 Frank W. Evans Way, Bennettsville, SC. This subject property was built in 2000 and currently has over four years remaining on a double net lease with three, 5-year renewal options at fair market rent. This location features 21 dialysis stations operating two shifts. The lease comes equipped with 1.5% annual rental increases as the lease is corporate guaranteed. The landlord is responsible for the roof, parking lot, building insurance, HVAC systems and real estate taxes, while the tenant is responsible for structure, CAM, liability insurance and insuring the premises The subject property is located off Frank W. Evans Way and Cottingham Boulevard North with access and visibility to over 18,000+ combined vehicles per day. Subject property benefits from being located on the main thoroughfare of Bennettsville, South Carolina. The property is situated in a dense retail corridor with other national credit retailers that include: Walmart Supercenter, CVS Pharmacy, Domino’s Pizza, Huddle House, & O’Reilly Auto Parts. Fresenius Medical Care is the world’s leading provider of products and services for people with chronic kidney failure. Around 3.5 Million patients with this disease worldwide regularly undergo dialysis treatment.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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