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INVESTMENT HIGHLIGHTS
DOMINANT MEDICAL CORRIDOR – The Property is located in a dense medical corridor adjacent to Memorial Hermann Southeast Hospital, one of the top employers in the Houston area.
LONG-TERM LEASE – The original 15-year lease has more than six (6) years of primary lease term remaining with three (3), five (5) year renewal options.
BUILD-TO-SUIT – The building is ground up 2015 construction with custom layout for Fresenius full range of renal care services.
RENT GROWTH – There is a ten percent (10%) rental increase in 2025 and three (3), five (5) year renewal options with ten percent (10%) increases.
LEADING OPERATOR – Fresenius Medical Care Holdings, Inc. is one of the largest kidney care companies in the world with a network of nearly 4,100 outpatient dialysis clinics serving a total of 345,000 patients.
MINIMAL LANDLORD RESPONSIBILITIES – With Landlord's responsibilities being limited to roof and structure, this is a highly passive lease, given the property was built in 2015.
STRONG GUARANTEE – Fresenius Medical Care Holdings, Inc. has generated over $19.55 billion in revenue and holds a Baa3 credit rating with Moody’s and BBB- rating with S&P.
GROWING INDUSTRY – There are over 562,000 ESRD dialysis patients in the U.S. as of 2020, and the rate of the disease's occurrence has grown at a compound annual growth rate of 3.0% from 2010 to 2020.
DENSE DEMOGRAPHICS – The Property is located in a densely populated and above average income area of metro Houston, with a population of 232,000 in a five-mile radius earning in excess of $93,000 annually.
