FRESENIUS - TALLADEGA ON-CAMPUS LEASEHOLD OPPORTUNITY
Located on campus of Citizens Baptist Medical Center (Orlando Heath)!
Marketing description
Cook Commercial Partners are pleased to present the Fresenius Medical Care – Talladega Leasehold Opportunity, a single-tenant dialysis clinic in Talladega, AL.
The 7,536 SF facility was built-to-suit for Fresenius in 2004. Fresenius recently signed a 7-year lease extension, securing the term through August 31, 2033. The lease features 2% annual rental increases and two additional five-year renewal options. The ground lease runs through July 31, 2033, with two 15-year renewal options.
Located on the campus of Citizens Baptist Medical Center (Orlando Heath), a 122-bed acute care hospital, this mission-critical facility offers investors stable cash flow, annual rental growth, and a long-term commitment from the world’s leading dialysis provider.
Purchaser holds the absolute right to renew the ground lease for two additional 15-year terms exercisable by written notice prior to February 1, 2033.
Investment highlights
Built-to-Suit Fresenius Dialysis Clinic (2004)
On-Campus Location | Strategically located at Citizens Baptist Medical Center (Orlando Health), a 122-bed acute care hospital with 350+ healthcare professionals
Long-Term Operating History | Fresenius recently executed a 7-year extension; lease now runs through August 31, 2033
Ground Lease Through July 31, 2033 | Includes two (15-year) renewal options
Ground Lease Renewal Right | Purchaser holds the absolute right to renew the ground lease for two additional 15-year terms exercisable by written notice prior to February 1, 2033
NNN Leasehold Structure | Minimal landlord responsibilities
Recent Capital Improvements (2019 & 2025):
Resurfaced, sealed, repainted, and re-striped asphalt parking lot
Replaced architectural roof shingles
Repaired/replaced HVAC refrigerant line insulation and electrical conduit deficiencies
Clinic Capacity | Features 30 dialysis stations offering in-center hemodialysis, in-center peritoneal dialysis, and home hemodialysis training
Built-In Rent Growth | 2% annual rent increases with two 5-year renewal options providing long-term stability
Regulatory Advantage | Alabama requires a Certificate of Need (CON) for dialysis centers, limiting competition and supporting tenant retention
Tax Advantage | Leasehold structure allows for depreciation of nearly the entire ownership basis, offering investors a meaningful tax benefit not typically available with fee simple ownership
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