Listed by Phoenix Commercial Advisors
$2,912,000
FRESENIUS MEDICAL CARE
Details
Property Type Retail
Sub Type Storefront, Freestanding
Square Footage 9,369
Cap Rate 6.50%
NOI $189,254
Occupancy 100%
Tenancy Single
Brand/Tenant Fresenius Kidney Care, Fresenius Medical Care
Lease Type Modified
Lease Term 3.3
Remaining Term 3.3
Rent Bumps Yes
Lease Options Two (2) Five (5) Year
Year Built 2008
Year Renovated 2018
Buildings 1
Acreage 0.670
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2008
Fresenius Medical Care | Corporate STNL
Marketing description
Fresenius Medical Care | 6.50 Cap | 9,369 SF | Corporate Modified NN Lease
Fresenius Medical Care is located along 6th Avenue; situated on the north side; just west of Interstate 10
Investment highlights
- Fresenius has been operating at the location for 16 years and has previously exercised two options and has two more remaining showing their long-term commitment to the location
- Outparcel to a grocery anchored center with other co-tenants including Wingstop, Little Caesars, T-Mobile, Rent-A-Center, Title Max and Jackson Hewitt
- Limited landlord responsibilities allowing for a hand-off investment for an investor
- Recent capital work includes parking lot reseal and stripe and two HVAC systems at Fresenius with three-phase, 5-ton RUDD commercial gas package systems
- Fresenius is the world's largest provider of products and services for people with renal disease with over 4,000 dialysis centers in 50 countries
- Less than 1/4 mile from Interstate 10 with over 127,000 VPD
- Less than 1/2 mile from the Tucson VA Medical Center with 295 beds
- Surrounding retailers in the retail corridor include Costco, Walmart, El Super, Planet Fitness, Curacao, Dave & Busters, McDonald's
- Located just 3 miles from the University of Arizona with over 53,000 students and 5,200 staff
- Located within a +/-15 minute drive from the top 10 employers in Tucson
Listing Contacts
Listed by Phoenix Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$189,253.80
$15,771.15/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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