FRESENIUS

200 Wake Ave, El Centro, CA 92243
$5,635,714

Cap Rate
7.00%
Term Remaining
±4.9 Yrs
NOI
$394,500
Property Type
Healthcare

INVESTMENT HIGHLIGHTS

  • INVESTMENT GRADE TENANT – Fresenius Medical Care is the Largest Provider of renal care in both the United States and across the world. The company holds S&P’s Investment grade credit rating of “BBB Stable”. 
  • CORPORATE GUARANTEE – Fresenius Medical Care is the largest operator of outpatient dialysis clinics and a leading provider of products and services for people with kidney failure worldwide. It serves over 344,000 patients across its 4,100+ locations. 
  • SIGNIFICANT TENANT IMPROVEMENTS – The Landlord provided the tenant with an extensive tenant improvement allowance, allowing them to update the building and lower the new buyer’s landlord responsibilities. 
  • STRONG OPERATIONAL HISTORY – The tenant has operated from this location for over 16 years and just recently extended their lease for another 5-year term showing commitment to this location 
  • STRATEGIC LOCATION – Positioned just off Interstate 8, with a daily traffic volume of 34,036 VPD, this site provides easy access for patients residing in or traveling through El Centro. 
  • RECESSION RESISTANT PROPERTY – Dialysis centers are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties. 
  • ROBUST INDUSTRY GROWTH – The global dialysis services market size is expected to reach $181.16 Billion by 2032, with a CAGR of 7.9% during that period. 
  • INFLATION PROTECTION – The rent increases by 2.5% annually, providing investors with a hedge against inflation through increases in rent over the life of the lease.

Broker of Record

  • David Harrington
  • License No. 01320460 (CA)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 2321 Rosecrans Ave.,
    Suite 1225, El Segundo, CA 90245