Fresenius

6155 Duluth St, Golden Valley, MN 55422

$1,617,800

Cap Rate 7.00%

Updated: 04.22.24 Posted: 09.20.23 Status: Sold

Summary

Price $1,617,800	Built/Renov 1978/2018	Tenant Fresenius
Cap Rate 7.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 7,810	Lease Start 09-01-2022	#Units 4,171
Price/SF $207.14	Expiration 08-31-2027	Tenant Type Medical/Health
NOI $113,245	R. Term 2.3	Ownership Fee Simple
Rent/SF $14.50	Increases 0.0%/4/yrs	Pop 5Mi 340,355
Lot/AC 0.95	Options 2/5yrs	AHHI 5Mi $111,038

Lease Highlights

Fresenius has been operating at this location since 1998
Tenant signed a new 5-year lease with 2 (5-year) options to renew at FMV
Favorable NN+ lease with landlord responsibilities limited to roof & HVAC
Corporate guaranteed lease
Fresenius is an investment grade tenant (S&P: BBB-)

Location Description

The subject property is conveniently located on Duluth St., between Douglass Drive North (10,400 VPD) and Highway 100 (114,000 VPD). The site is also positioned near Lunds & Byerlys, Caribou Coffee, Walgreens, and MNDOT Headquarters. The area boasts excellent demographics with an average household income of $111,038 and a population of 340,355 within a 5-mile radius. Fresenius Kidney Care is...

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Key Features

In location for years
Strategically located
Highway close
Dense 200M+ pop 5 mi
Affluent AHHI $100K 5 Mi
Brand new lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Fresenius Kidney Care Wikipedia Fresenius Medical Care Wikipedia Golden Valley, Minnesota Zip Code 55422 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Fresenius Kidney Care
Guarantor:Corp T and Rated
# Units:4,171
Tenant S&P: BBB-
Moody’s: Baa3
Stock: NYSE: FMS

About Tenant

Fresenius Medical Care AG & Co. KGaA is a German healthcare company which provides kidney dialysis services through a network of 4,171 outpatient dialysis centers, serving 345,425 patients....

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Listing Broker

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

72 Listings
12702 Views
15 Sold

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

72 Listings
12702 Views
15 Sold

Amanda Leathers

Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Deb Vannelli

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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Keith Sturm

Upland Real Estate Group, Inc.

Contact

72 Listings
12702 Views
15 Sold

Keith Sturm

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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