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Views: 120 DOM: 177 Updated: 11.21.24 Posted: 06.08.24 Status: Active

Summary

Price $5,569,000
Built/Renov 2021
Tenant Fresenius Medical Care
Cap Rate 5.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 14,642
Lease Start 10-01-2022
#Units 4,171
Price/SF $380.34
Expiration 10-01-2037
Tenant Type Medical/Health
NOI $306,311
R. Term 12.10
Ownership Fee Simple
Rent/SF $20.92
Increases 1.7%/1/yrs
Pop 5Mi 139,047
Lot/AC 3.29
Options 3/5yrs
AHHI 5Mi $88,609

Lease Highlights

  • The tenant has 12 years of firm term remaining with 3 (5-year) options to extend
  • The lease features 1.70% annual rental increases throughout the initial term | Annual FMV increases throughout the options
  • Limited landlord responsibilities
  • Corporate guarantee (NYSE: FMS)
  • Investment grade tenant (S&P: BBB-)

Location Description

Fresenius is strategically located on N. Bluemound Drive, with access to 36,000 vehicles passing by daily. The property benefits from nearby access to Interstate 41, a 176-mile-long highway with a traffic count of 85,000 VPD. Additionally, it is situated within Grand Plaza, a 60K+ Neighborhood Center, and is in proximity to Westhill Plaza, Marketplace College Ave, Fox River Mall, and other...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

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


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,190 58,151 138,925
2024 Total Population : 3,238 58,192 138,283
2024 Employed Civilian Pop : 1,894 32,638 77,411
2024 Total Businesses : 838 3,624 5,655
2024 Average Household Income : $ 68,059 $ 89,202 $ 96,894
2024 Total Consumer Spending : $ 100 M $ 2028 M $ 4962 M
2024 Median Age : 36 38 39
2024 Total Households : 1,649 25,769 58,325
2024 Pop Age 25+: Bachelor's Degree : 634 9,497 23,526
2024 Average Home Value : $ 354,966 $ 299,349 $ 297,729
*ESRI data is presented for informational purposes only

Listing Broker

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