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Single-Tenant Office Medical

Fresenius Medical Care

1401 Medical Dr, Sulphur Springs, TX 75482

Listing Price: $2,032,160

Cap Rate
6.50%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
4.1
Gross SF
8,194
Guarantor
Corporate Guarantee
Rentable SF
8,194
Price/Gross SF
$248.01
Lease Type
Double Net
Rent Per Square Feet
$15.80

Investment Overview

The subject offering affords both new and experienced investors the opportunity to acquire a corporately guaranteed, double-net Fresenius Medical Care (NYSE: FMS) property located along a high density medical corridor in Sulphur Springs, Texas. The 8,194 S/F building was a built-to-suit for Fresenius in 2005 and sits right next to CHRISTUS Mother Francis Hospital, the primary medical facility for all of Sulphur Springs. The lease, which was recently renewed, has just under 5 years remaining on the primary term and boasts two (2) 5-year options with a FMV increase in each option. Sulphur Springs sits just east of Dallas, Texas and has a growing population of almost 17,000 residents. With limited dialysis competition and fantastic proximity to the region’s medical center, this is a key location not just for the tenant but for dialysis services in general. Fresenius Medical Care has performed extremely well throughout the COVID 19, and this impressive performance is poised for continued growth on account of their recession-proof business model, backed by a proven history of inelastic demand.

Investment Highlights

  • Double Net Lease
  • Corporately Guaranteed
  • 2005 Construction
  • Lease Term: 4+ years, with two 5-year options
  • NOI: $132,090

Exclusively Listed By

Single-Tenant Office Medical

Fresenius Medical Care

Listing Price: $2,032,160

Cap Rate
6.50%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
4.1
Gross SF
8,194
Guarantor
Corporate Guarantee
Rentable SF
8,194
Price/Gross SF
$248.01
Lease Type
Double Net
Rent Per Square Feet
$15.80

Investment Highlights

  • Double Net Lease
  • Corporately Guaranteed
  • 2005 Construction
  • Lease Term: 4+ years, with two 5-year options
  • NOI: $132,090

Investment Overview

The subject offering affords both new and experienced investors the opportunity to acquire a corporately guaranteed, double-net Fresenius Medical Care (NYSE: FMS) property located along a high density medical corridor in Sulphur Springs, Texas. The 8,194 S/F building was a built-to-suit for Fresenius in 2005 and sits right next to CHRISTUS Mother Francis Hospital, the primary medical facility for all of Sulphur Springs. The lease, which was recently renewed, has just under 5 years remaining on the primary term and boasts two (2) 5-year options with a FMV increase in each option. Sulphur Springs sits just east of Dallas, Texas and has a growing population of almost 17,000 residents. With limited dialysis competition and fantastic proximity to the region’s medical center, this is a key location not just for the tenant but for dialysis services in general. Fresenius Medical Care has performed extremely well throughout the COVID 19, and this impressive performance is poised for continued growth on account of their recession-proof business model, backed by a proven history of inelastic demand.

Exclusively Listed By

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