Fresenius - Carbondale, IL
Corporate | Limited Competition | Retail Corridor
Marketing description
CBRE, on behalf of ownership, is pleased to exclusively offer the fee simple interest in the Fresenius Kidney Care located in Carbondale, IL. The 16,773 square-foot property sits on 3.88 acres. The property is subject to a net lease with approximately ±2.8 years of firm term remaining. The tenant has three five-year options. The lease features 1.7% annual rent increases throughout the primary term and options.
The subject property is located in Carbondale’s primary commercial corridor, offering high visibility and strong daily traffic counts of 28,500 vehicles per day. The site is surrounded by established retail, medical, and service-oriented uses. Prominent national retailers nearby include Walmart, Kroger, Kohl’s, Lowe’s, T.J. Maxx, Petco, ULTA Beauty, Barnes & Noble, Five Below, Dick’s Sporting Goods, HomeGoods, AMC Theatres, among many others. Additionally, the property sits just 2.5 miles from SIH Memorial Hospital of Carbondale, a 152‑bed Level II trauma center.
Located in Southern Illinois, Carbondale serves as a key regional center with a diverse economy supported by education, healthcare, retail, and agriculture. As the home of Southern Illinois University, the city benefits from a steady influx of students, faculty, and visitors, contributing to economic stability and cultural vibrancy. The healthcare sector is another major driver, centered around Southern Illinois Healthcare (SIH), which provides advanced medical services to the broader region. Carbondale offers strong regional connectivity through U.S. Route 51 and Illinois Route 13, while the Amtrak station provides direct rail access to Chicago and New Orleans, an uncommon advantage for a micropolitan market. The Southern Illinois Airport is located nearby, further enhancing the city’s accessibility and regional economic significance.
Investment highlights
- Corporate Guarantee from Investment Grade Credit Tenant: Fresenius Medical Care is the world’s leading provider of products and services for individuals with renal diseases. Fresenius maintains an S&P Investment Grade credit rating of “BBB Stable.”
- Net Lease with Annual Rent Increases: The lease provides a passive, net lease structure with minimal landlord responsibilities. Additionally, there are 1.7% annual rent increases throughout the primary term and options.
- Certificate of Need State: Illinois requires a Certificate of Need (CON) for dialysis facilities, restricting new development to prevent overbuilding and healthcare cost inflation. These regulations limit competition, create high barriers to entry, and benefit existing healthcare real estate owners.
- Exclusive Market Dialysis Provider with Robust Operational Strength: The clinic serves as an exclusive dialysis provider in the market, operating 27 chairs, 6 days a week. They provide a full spectrum of dialysis services, including both in‑center treatments and at‑home services. The nearest dialysis center is over 16 miles away.
- Close Proximity to SIH Memorial Hospital: The clinic sits just 2.5 miles from SIH Memorial Hospital of Carbondale, a 152‑bed Level II trauma center that functions as the primary healthcare anchor and regional hub for Southern Illinois.
- Primary Commercial Corridor with High Traffic Counts: The property is located in a major retail and commercial corridor home to national tenants such as Walmart, Kroger, Kohl’s, Lowe’s, T.J. Maxx, Petco, ULTA Beauty, among many others. In addition, the property benefits from 28,500 vehicles per day along E Main Street.
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