Fresenius
RECENTLY EXERCISED EARLY RENEWAL OPTION | 7+ YEARS REMAINING | 2% ANNUAL INCREASES
Marketing description
Fresenius at 220 Uvalda St, Waycross, GA 31501 offers investors the opportunity to acquire a recession-resistant, single-tenant healthcare asset backed by one of the world’s leading providers of kidney dialysis care. This 5,980 SF purpose-built medical facility sits on a 1.09-acre parcel in Waycross, a key Southeast Georgia transportation and healthcare hub.
The tenant recently exercised an early renewal option, demonstrating long-term commitment to the site, with 7+ years remaining on the lease through June 30, 2033. The NN lease structure is highly attractive, with the tenant responsible for taxes, CAM, insurance, roof, and structure, helping minimize landlord responsibilities. Investors also benefit from 2% annual rent increases throughout the base term and renewal options, creating built-in NOI growth.
Guaranteed by Bio-Medical Applications of Georgia, Inc., an affiliate of Fresenius Medical Care, this asset combines dependable income with strong credit backing. As an established dialysis center serving 130+ patients with 25 stations and operating 6 days per week, the property provides essential, non-discretionary healthcare services with durable long-term demand.
Investment highlights
- Essential Healthcare Tenant – Fresenius is a global leader in kidney dialysis care providing critical, recurring medical services with durable long-term demand.
- Recently Exercised Early Renewal – Tenant has demonstrated commitment to the location by exercising an early renewal option, leaving 7+ years remaining through June 2033.
- Built-In Rent Growth – Lease includes 2% annual rental increases throughout the base term and renewal options, creating consistent NOI growth.
- Strong Lease Guaranty – Lease is guaranteed by Bio-Medical Applications of Georgia, Inc., an affiliate of Fresenius Medical Care.
- Attractive NN Lease Structure – Tenant is responsible for taxes, CAM, insurance, roof, and structure, minimizing landlord obligations.
- Established Medical Facility – 5,980 SF dialysis center situated on a 1.09-acre parcel, purpose-built for healthcare operations with established patient infrastructure.
- Recession Resistant Asset Class – Dialysis treatment is a non-discretionary healthcare service, providing defensive cash flow characteristics compared to traditional retail assets.
- Regional Hub Location – Located in Waycross, a major Southeast Georgia transportation and healthcare hub serving a broad regional trade area.
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