New Offering :: Two Net Lease Fresenius Medical Care Assets :: Baton Rouge

Investment Highlights

7707 Howell: Price: $1,920,000 - CAP: 7.75%

1919 North Foster: Price: $1,080,000 - CAP: 7.50%

PARENT COMPANY: Fresenius Medical Care North America (FMCNA) is the leading provider of dialysis services and products to more than 166,000 patients suffering from Chronic Kidney Disease in North America. FMCNA is a division of Fresenius Medical Care AG & Co. KGaA (NYSE: FMS) which is the world’s largest integrated provider of dialysis services and products. Headquartered in Germany, the parent company has a net worth of $9.11B and reported $13.6B in sales in 2013 GUARANTOR: Guaranteed by Fresenius Medical Care Holdings, Inc. which is the primary holding company for Fresenius’ North American operations MARKET: Baton Rouge is the state’s capital and also serves as major industrial, medical, research and technology center. With a current MSA population of 820,159, Baton Rouge is the second largest city in the state
		LONG-TERM NET LEASE: 8 years or primary lease term remaining with three 5-year renewal options				LONG-TERM NET LEASE: 8 years or primary lease term remaining with three 5-year renewal options
		INITIAL TERM RENT ESCALATIONS: ±0.75% rent increase in November 2018 with annual 0.75% rent increases beginning in January 2020				INITIAL TERM RENT ESCALATIONS: ±0.75% rent increase in April 2016 with annual 0.75% rent increases beginning in January 2018
		EARLY LEASE EXTENSION: Fresenius agreed to extend the lease by an additional 4+ years in October 2012 signaling their long-term commitment to this location				EARLY LEASE EXTENSION: Fresenius agreed to extend the lease by an additional 6.75 years in October 2012 signaling their long-term commitment to this location
		BUILD-TO-SUIT: The property was originally constructed as a build-to-suit for Fresenius Medical Care in 2008				BUILD-TO-SUIT: The property was originally constructed as a build-to-suit for Fresenius Medical Care in 2006
		LOCATION: Property is ideally positioned on hard corner of Howell Blvd and 72nd Ave just 0.3 miles from I-110 (Traffic Count: 56,890 VPD), immediately adjacent to YMCA and just south of Champion Medical Center, a new 25,000-SF specialized surgical hospital that opened in January 2014				LOCATION: The property is ideally positioned on the hard corner of North Foster Drive and Jackson Avenue just 2.0 miles from Interstate 110 (Traffic Count: 56,890 VPD)
		DOMINANT RETAIL & COMMERCIAL CORRIDOR:  Approximately 1.7 MSF of retail and 1.3 MSF of industrial space within a 3-mile radius				DOMINANT RETAIL & COMMERCIAL CORRIDOR:  Approximately 7.8 MSF of retail, 6.2 MSF of office and 6.0 MSF of industrial space within a 3-mile radius

Additional Tags:

NNN, Fresenius, Net Leased, Health, tax deferred exchange properties, medical care, off market STNL, dialysis, single tenant net leased investments