The Property is 100% leased to Fresenius Medical Care AG (NYSE: FMS), the world’s largest provider of dialysis products and services. The tenant has operated continuously at this location since August 2009, a 17-year tenure spanning two lease extensions. The facility is a purpose-built, Medicare-certified ESRD treatment center. North Carolina is a Certificate of Need state for dialysis stations, meaning the tenant’s certified treatment capacity is tied to this specific address and cannot be relocated without new CON approval creating an exceptionally durable single-tenant medical net lease profile.