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29687120
29687121

633 Stone Ave, Paris, TX 75462 For Sale

Perry Guest Companies
BB
NV BS.0145864
Perry Guest Companies
Listed by Perry Guest Companies
$4,858,043
164 days on market
Updated 44 days ago

Fresenius Medical Care - Paris, TX

Details
APN 101041, 109809
Property Type Office
Sub Type Medical Office
Square Footage 15,230
Cap Rate 6.5%
NOI $315,773
Occupancy 100%
Tenancy Single
Brand/Tenant Fresenius Kidney Care
Lease Type NN+
Lease Term 11
Lease Expiration 12/24/2036
Remaining Term 10.4
Rent Bumps Yes
Lease Options Three 5-Year Options
Price per SqFt $319
Broker Co-Op Yes
Class B
Year Built 2008/2013
Year Renovated 2025
Buildings 2
Acreage 1.990
Investment Type Net Lease
Lease Commencement 12/25/2025
Occupancy Date 01/30/2014
Ownership Fee Simple

Recently Renovated Fresenius | 11 YRS Remaining | Paris, TX

Marketing description

The subject property is a two-building Fresenius Medical Care build-to-suit dialysis center and home therapy center. 633 Stone Avenue was constructed in 2013 and contains 10,684 square feet of leasable area. 635 Stone Avenue was constructed in 2008 and is 4,546 square feet. 635 Stone Avenue was recently renovated to accommodate home therapy treatments to accompany the clinic which continues to operate at 633 Stone Avenue. Fresenius recently extended the 15,230 total SF site for an additional 11 YRS on a NN, corporate-guaranteed lease with three five-year renewal options. The lease for 633 Stone Avenue commenced January 1, 2026 and expires December 31, 2036. The lease for 635 Stone Avenue commenced December 25, 2025 and expires December 24, 2036. The extended lease term calls for 1.64% (weighted average) increases annually.

For more than 100 years now, Fresenius has been working to save lives and improve the quality of life of its patients. Fresenius is a premier renal healthcare company completing more than +/-48 million dialysis treatments per year worldwide and has an industry leading network of more than 3,700 clinics across 40+ countries.

Investment highlights

  • RECENTLY EXTENDED 11 YEAR LEASE TERM EXPIRES DECEMBER 2036

  • EXISTING SITE EXPANDING TO INCLUDE HOME THERAPY DUE TO PATIENT DEMAND

  • INVESTMENT GRADE TENANT

  • ESSENTIAL DIALYSIS OUTPATIENT SERVICE

  • DISASTER RESISTANT INVESTMENT

  • ATTRACTIVE RENT GROWTH OF 1.64% ANNUALLY (WEIGHTED AVERAGE)

  • 2025 BUILD-TO-SUIT EXPANSION FOR FRESENIUS KIDNEY CARE

  • CONVENIENTLY LOCATED WITH EASY ACCESS TO U.S. INTERSTATE 82 (LOOP 286)

  • CLOSE PROXIMITY TO PARIS REGIONAL MEDICAL CENTER

  • HEALTHCARE RELATED REAL ESTATE HAS BEEN THE LEAST AFFECTED BY E-COMMERCE

  • GOVERNMENT FUNDING HEALTHCARE UNDER THE MEDICARE ESRD PROGRAM

  • EXCELLENT ACCESS AND LOCATION

  • STRONG MEDICAL DEMOGRAPHICS

  • DALLAS FORT-WORTH MSA HAS STRONG MEDICAL DEVELOPMENT AND ROBUST ECONOMIC GROWTH

Listing Contacts

Perry Guest Companies
BB
NV BS.0145864
Perry Guest Companies
Listed by Perry Guest Companies

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$315,773.00
$26,314.42/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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