Views: 0 DOM: 58 Updated: 11.28.23 Posted: 10.13.23 Status: Active


Price $2,011,017
Built/Renov 1996
Tenant Fresenius
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 6,104
Lease Start 02-01-2022
#Units 4,171
Price/SF $329.46
Expiration 01-31-2032
Tenant Type Medical/Health
NOI $120,661
R. Term 8.1
Ownership Fee Simple
Rent/SF $19.77
Increases 2.0%/1/yrs
Pop 5Mi 69,041
Lot/AC 1.50
Options 2/5yrs
AHHI 5Mi $91,341

Lease Highlights

  • Fresenius has been operating in this location since 1996
  • Tenant has 8+ years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features 2% annual rent increases throughout the initial term and FMV in each option period
  • New roof in June 2023 & HVAC replaced over the last 3 years
  • Corporate guarantee by Fresenius Medical Care (NYSE: FMS)

Location Description

Fresenius is strategically located along Pineview Drive, providing immediate access to Garners Ferry Road, which has a daily traffic count of 35,000 vehicles. The corridor is home to several nationally recognized tenants, such as Tractor Supply Company, Food Lion, CVS, Walgreens, O'Reilly Auto Parts, Zaxby's, and Wendy's. Moving further northwest along Garners Ferry Road, there is a large...



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  • Tenant: Fresenius Medical Care
  • Guarantor:Corp T and Rated
  • Company:Fresenius Medical Care
  • # 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....



  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,528 32,291 70,370
2023 Total Population : 4,378 31,499 69,041
2023 Employed Civilian Pop : 2,136 14,262 32,868
2023 Total Businesses : 119 853 1,821
2023 Average Household Income : $ 66,483 $ 90,505 $ 91,341
2023 Total Consumer Spending : $ 114 M $ 1031 M $ 2163 M
2023 Median Age : 31 37 33
2023 Total Households : 1,931 13,112 27,249
2023 Pop Age 25+: Bachelor's Degree : 496 5,287 12,021
2023 Average Home Value : $ 149,093 $ 250,664 $ 290,972
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Pineview Road Garners Ferry Rd 2022 13,800 0.11 mi
Hallbrook Drive Colonial Commons Ln 2022 5,000 0.45 mi
Hallbrook Drive Ronson Dr 2021 4,300 0.45 mi
Universal Drive Skylark Dr 2022 2,100 0.64 mi
Universal Drive Garners Ferry Rd 2021 2,000 0.64 mi
Benson Rd Garners Ferry Rd 2009 25 0.86 mi
Garners Ferry Road Daphne Rd 2021 34,700 1.01 mi
Burdell Drive Hallbrook Dr 2022 1,250 1.07 mi
Longwood Road Skipwith Ave 2022 1,500 1.08 mi
Hazelwood Road Ashewood Lake Dr 2022 5,300 1.11 mi

Listing Broker

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