Corporately guaranteed, build-to-suit Fresenius Medical Care dialysis facility, delivered in 2016 and secured by a double-net (NN) lease with more than five years of initial term remaining. The lease features 1.7 percent annual rent escalations and three additional five-year renewal options. The property is located in a Certificate of Need (CON) state with the nearest competing dialysis center located nearly eight miles away, creating a protected trade area with strong long-term patient demand and limited competition. It benefits from immediate proximity to multiple major hospital systems and a dense senior-oriented population base. The surrounding submarket is highly affluent and densely populated, with more than 105,000 residents within a five-mile radius and average household incomes exceeding $155,000 within one mile.