Fresenius
TENANT EXERCISED EARLY RENEWAL OPTION | 7+ YEARS REMAINING | 2% ANNUAL INCREASES
Marketing description
Fresenius at 415 S Dixon St, Alma, GA 31510 presents an attractive opportunity to acquire a net-leased medical asset backed by an essential healthcare operator. This 4,320 SF dialysis facility sits on a large 1.94-acre parcel with ample parking and serves as a critical care location for the surrounding South Georgia community.
The tenant recently exercised its early renewal option, demonstrating strong commitment to the site, with 7+ years remaining on the current lease term through June 2033. The lease features 2% annual rent increases, creating built-in income growth and a hedge against inflation. Structured as a Double Net (NN) lease, the tenant is responsible for taxes, CAM, and insurance, while the lease is guaranteed by Bio-Medical Applications of Georgia, Inc., an affiliate of Fresenius Medical Care.
Located in Alma, the county seat of Bacon County, the property benefits from its role as a regional healthcare hub serving nearby rural communities. With recession-resistant medical use, strong tenant commitment, and predictable annual rent growth, this offering delivers stable cash flow and long-term investment appeal.
Investment highlights
- Healthcare Necessity Tenant – Fresenius is a global leader in kidney dialysis care providing essential, recurring medical services with strong long-term demand drivers.
- Tenant Exercised Early Renewal – Demonstrates tenant commitment to the location with 7+ years remaining on the current lease term through June 2033.
- Annual Rental Growth – Lease features 2% annual rent increases throughout the base term and renewal options, providing built-in NOI growth and inflation protection.
- Strong Operator / Guarantor – Lease is guaranteed by Bio-Medical Applications of Georgia, Inc., an affiliate of Fresenius Medical Care.
- Low Occupancy Cost – Current rent of approximately $13.40 PSF offers affordable occupancy costs, supporting long-term tenant retention.
- Large Site with Ample Parking – 4,320 SF medical facility situated on a 1.94-acre parcel, allowing convenient patient access and strong site functionality.
- Recession-Resistant Medical Use – Dialysis treatment is a non-discretionary healthcare service, making the asset less sensitive to economic cycles than traditional retail properties.
- Strategic South Georgia Location – Positioned in Alma, the county seat of Bacon County, serving as a regional healthcare hub for surrounding rural communities.
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