Fresenius Medical Care

20 Wesco Drive, Export, PA 15632

$1,691,000

Cap Rate 6.75%

Updated: 06.25.24 Posted: 10.09.23 Status: Sold

Summary

Price $1,691,000	Built/Renov 2006	Tenant Fresenius Medical Care
Cap Rate 6.75%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 7,400	Lease Start 10-03-2006	#Units 4,171
Price/SF $228.51	Expiration 05-31-2030	Tenant Type Medical/Health
NOI $114,182	R. Term 5.0	Ownership Fee Simple
Rent/SF $15.43	Increases 2.0%/1/yrs	Pop 5Mi 38,393
Lot/AC 1.57	Options 2/5yrs/2%	AHHI 5Mi $121,906

Lease Highlights

Fresenius has been operating in this location for more than 17 years, extending their lease several times
Tenant has 6+ years remaining on their current lease with 2 (5-year) options to renew
Lease features 2% annual rental increases, and FMV throughout options
Favorable NN+ lease with landlord responsible for roof & structure
Corporate guaranteed lease

Location Description

Fresenius is situated on the hard corner intersection of Wesco Drive and Mellon Road, which sees a daily traffic count of 4,201 vehicles. The subject property is strategically positioned among a variety of retail, office, and industrial distribution establishments along Route 22/William Penn Highway, which has a daily traffic volume of 30,101 vehicles. It is also conveniently located less than...

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Key Features

In location for years
Near major nationals
Highway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Recently extended lease
Favorable NN+ lease
Annual rent increases
Traded and rated company
Corporate Guarantee

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Links

Fresenius Medical Care Wikipedia Fresenius Medical Care Wikipedia Export, Pennsylvania Zip Code 15632 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

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 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 :	3,050	15,087	38,146
2023 Total Population :	3,071	15,173	38,393
2023 Employed Civilian Pop :	1,532	7,870	20,094
2023 Total Businesses :	175	591	1,289
2023 Average Household Income :	$ 107,471	$ 123,493	$ 121,906
2023 Total Consumer Spending :	$ 126 M	$ 707 M	$ 1700 M
2023 Median Age :	47	49	49
2023 Total Households :	1,367	6,687	16,293
2023 Pop Age 25+: Bachelor's Degree :	583	3,081	7,729
2023 Average Home Value :	$ 262,345	$ 304,215	$ 299,914

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
William Penn Hwy	Manor Rd	2019	77	0.29 mi
William Penn Hwy	Manor Rd	2019	95	0.37 mi
Kentucky Street	Chestnut Aly	2020	44	0.53 mi
William Penn Highway	Argenta Way	2021	30,101	0.67 mi
William Penn Highway	Argenta Way	2020	5,940	0.68 mi
Mellon Road	Pontiac Ct	2021	4,538	0.69 mi
William Penn Hwy	Argenta Way	2016	26,560	0.77 mi
Manor Road	Wheatland Cir	2021	3,380	0.78 mi
Manor Road	Manorfield Cir	2020	3,135	0.78 mi
Old William Penn Hwy	Dakota St	2016	5,577	0.88 mi

Listing Broker

Michael Shover

CBRE: NLPG Philadelphia

Contact

62 Listings
14272 Views
36 Sold

Matthew Gorman

CBRE: NLPG Philadelphia

Contact

62 Listings
14272 Views
36 Sold

Michael Shover

Michael Shover joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Shortly after, Michael was inducted into CBRE’s exclusive Net Lease Property Group, leading and specializing in the Mid-Atlantic area. The Net Lease Property Group comprises of a team of senior advisors located within major metropolitan areas throughout the United States who are dedicated to transacting single-tenant assets and net-l

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Matthew Gorman

Matthew Gorman joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Matthew and his team's primary goal is to execute for their clients at the highest level by representing their best interests professionally, honestly and with integrity in all aspects of the marketing and sales process. Shortly after joining CBRE, Matthew was inducted into the exclusive Net Lease Property Group, leading the Philadel

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