Fresenius

INVESTMENT HIGHLIGHTS

• INVESTMENT GRADE TENANT – Fresenius Medical Care is the world’s largest provider of renal care, serving both the U.S. and internationally. With a net worth exceeding $22.5 billion, Fresenius maintains an S&P Investment Grade credit rating of “BBB Stable.” With over 4,000 dialysis clinics, the company delivers dialysis treatment to more than 348,000 patients worldwide.
• NET LEASE STRUCTURE – The lease provides for a passive, landlord-friendly expense structure with landlord expenses limited to replacement of roof and structure.
• “ESSENTIAL BUSINESS” INVESTMENT – This offering provides an investor with the opportunity to acquire a property containing leading national medical tenants with an outstanding business model. Unlike tenants outside of the healthcare sector who are challenged to maintain cash flow, dialysis practices have not been significantly impacted by ongoing disruptions.
• PROXIMITY TO SENIOR HOUSING – Near the heart of downtown Pensacola, this property benefits from synergy with Westminster Retirement Community, Access Behavior Health, Pensacola Health Care, and more. The city has announced plans to redevelop the adjacent parcel into much-needed affordable housing, suggesting the area’s potential for sustained demand for dialysis services.
• STRONG HOURS OF OPERATION – This clinic operates six days a week with hours varying from 5:00 AM to 9:00 PM, highlighting its strong operational performance. Furthermore, the tenant recently exercised their first 5-year renewal option, underscoring their commitment to and success at this built to suit location.
• MARKET RENT – This tenant is currently aligned with market rent, presenting a long-term stable cashflow and reducing overall risk. The property remains highly marketable to a wide variety of tenants who can seamlessly backfill with the current rental rate, presenting investor security to maintain cashflow.
• INCOME TAX FREE STATE – This clinic is located in an income tax-free state within a city known for its affordable cost of living and attractive appeal to senior population. With 60,810 residents within a three-mile radius, the property is strategically positioned to meet the strong local demand for dialysis services, ensuring long-term benefits for the tenant