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INVESTMENT HIGHLIGHTS
LONG-TERM LEASE – The original 15-year lease has more than seven (7) years of primary lease term remaining with three (3), five (5) year renewal options.
BUILD-TO-SUIT – The building is ground up construction with custom layout for Fresenius' full range of renal care services, including 17 dialysis stations.
RENT GROWTH – This lease provides annual 2.00% rental escalations, and three (3) five (5) year renewal options at market.
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 – Located midway between the Nation's capital and the capital of Virginia, the Fredericksburg Region has a population in excess of 350,000 residents with an average household income exceeding $100,000.
