Fresenius

8048 Station Hill Drive, Spring Hill, TN 37174

$2,840,000

Cap Rate 7.06%

$3,342,400

Cap Rate 6.00%

DOM: 48 Updated: 01.29.24 Posted: 11.09.23 Status: Sold 12.27.23

Summary

Price $2,840,000 $3,342,400	Built/Renov 2019	Tenant Fresenius
Cap Rate 7.06% 6.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 6,027	Lease Start 06-05-2019	#Units 4,171
Price/SF $471.21 $554.57	Expiration 07-04-2034	Tenant Type Medical/Health
NOI $200,542	R. Term 9.1	Ownership Fee Simple
Rent/SF $33.27	Increases 2.0%/1/yrs	Pop 5Mi 69,371
Lot/AC 1.15	Options 3/5yrs/2%	AHHI 5Mi $123,152

Lease Highlights

Fresenius has 10+ years remaining on the current lease term with 3 (5-year) options to extend
Lease features 2% annual rental increases throughout the initial term and FMV at the start of each option
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

Fresenius is conveniently located along Station Hill Drive, just off Highway 396/Saturn Parkway which sees 32,000+ vehicles passing by daily. The site benefits from being just half a mile from Maury Regional, a Vanderbilt Health Clinic and the largest health care system between Nashville and Huntsville. Additionally, it is surrounded by numerous existing residential communities providing a...

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Key Features

Build to suit
Roof guarantee
Strategically located
Top 100 MSA
Affluent AHHI $100K 5 Mi
Income tax free state
Long 10+ yr lease
Favorable NN+ lease
Annual rent increases
Corporate Guarantee

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Links

Fresenius Kidney Care Wikipedia Fresenius Wikipedia Spring Hill, Tennessee Zip Code 37174 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Fresenius Kidney 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 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
2028 Total Population :	6,247	56,424	77,420
2023 Total Population :	5,940	51,191	69,371
2023 Employed Civilian Pop :	3,182	25,755	34,385
2023 Total Businesses :	46	768	976
2023 Average Household Income :	$ 88,056	$ 118,440	$ 123,152
2023 Total Consumer Spending :	$ 161 M	$ 1808 M	$ 2568 M
2023 Median Age :	37	34	36
2023 Total Households :	2,120	17,969	24,543
2023 Pop Age 25+: Bachelor's Degree :	1,288	11,812	15,936
2023 Average Home Value :	$ 332,056	$ 378,403	$ 389,911

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Saturn Parkway	State Hwy396	2022	36,879	0.40 mi
N Old Port Royal Rd	Port Royal Rd	2013	8,149	0.70 mi
N Old Port Royal Rd	Walden Creek Trce	2013	7,888	0.95 mi
Port Royal Road	Saturn Pkwy	2022	26,482	1.02 mi
Port Royal Rd	Lovell Ln	2013	13,894	1.04 mi
Port Royal Rd	Saturn Pkwy	2017	14,013	1.05 mi
Duplex Road	Baker Creek Dr	2022	10,537	1.06 mi
TN 247	Harrison Way	2021	9,107	1.06 mi
Miles Johnson Pkwy	Duplex Rd	2013	3,895	1.08 mi
Port Royal Rd	S Old Port Royal Rd	2013	15,974	1.09 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
49384 Views
59 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
51489 Views
61 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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