1010 S Spruce St - Medical FOR SALE


Vivian, LA 71082
$2,177,000 USD
1010 S Spruce St, Vivian, LA for Sale
$2,177,000 USD
Medical - FOR SALE
1/3
null | 6.7% Cap Rate

1010 S Spruce St
Vivian, LA 71082


HIGHLIGHTS

  • Contractual Rent Growth: Base rent escalates 10% every 5 years; June 2028 bump lifts NOI to $160,470 and cap rate to 7.37%. (98)
  • Passive Ownership Structure: Tenant pays taxes, insurance, utilities, HVAC, parking and interior; landlord duties near zero.
  • Irreplaceable Hospital-Campus Location: On North Caddo Hospital's campus: only hospital for 30 miles, only dialysis for 30+ minutes.
  • Investment-Grade Credit Behind the Lease: Rent guaranteed by Fresenius Medical Care Holdings (S&P: BBB- Stable), 4,000+ global clinics.

OVERVIEW

OVERVIEW: Peranich Huffman Net Lease Group is pleased to offer for sale, the Fresenius Medical Care of Vivian, LA. Built in 2018, the 5,211 SF, single-tenant dialysis facility is offered at a 6.70% capitalization rate. The offering provides an investor with the opportunity to acquire a property that is home to a national medical tenant that exemplifies a reputation of consistency for both patients and the real estate investment community. LEASE TERM: Fresenius Medical Care has occupied the single tenant dialysis facility since its completion in 2018. With 7 years of lease term remaining, the corporately guaranteed lease provides for rent escalations of 10% every 5 years. Each of the (3) 5-year options to renew are accompanied by fair market value rent escalations. LEASEHOLD INTEREST: The property is subject to a long-term 100-year ground lease with the neighboring North Caddo Hospital, whereas Fresenius is solely responsible for all ground lease rent payments and operating expenses; thus, the new owner Is not responsible for the payment of the ground lease’s rent. INVESTMENT GRADE TENANT: Fresenius Medical Care is the largest provider of renal care in the United States and across the world. Fresenius has a net worth of $22.5+ billion and holds S&P’s Investment Grade credit rating of “BBB Stable”. Through its network of 4,000+ dialysis clinics, Fresenius Medical Care provides dialysis treatments for 348,000 patients around the globe.

FOR SALE DETAILS

PRICE

$2,177,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Fresenius Medical Care of Vivian, LA

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Drug Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

-

APN/PARCEL ID

221626-110-0083-00

ASK ABOUT THIS PROPERTY

Jonathan PeranichPeranich Huffman Net Lease GroupMore Info

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Jonathan PeranichPeranich Huffman Net Lease GroupMore Info

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