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.