Fresenius Medical Care | Oak Forest IL
Retail | 6.50% CAP | 7,310 SqFt
Marketing description
Bang Realty-Illinois, Inc. has been exclusively retained to offer for sale a single-tenant, net-leased medical investment occupied by Fresenius Medical Care at 5340A West 159th Street, Oak Forest, Illinois. The ±7,310 SF freestanding dialysis clinic sits on ±1.8 acres within an established suburban Chicago commercial corridor, with direct frontage on U.S. Route 6 and immediate access to Interstates 57 and 80. The facility operates Monday through Saturday from 4:00 AM to 9:00 PM. The location's three-shift schedule signals sustained patient demand and entrenched clinical operations at the site.
The property is leased to Fresenius Medical Care on a long-term net basis, recently extended through January 31, 2036, with 9.75 years of remaining term. In-place annual base rent is $210,021 ($28.73/SF), supplemented by a contractual 3.0% management fee on base rent (currently $6,301) paid by the tenant as additional rent, bringing the total NOI to $216,322. Rent escalates 2.1% annually (average) through the remaining term, followed by (3) five-year renewal options each escalating 2.0% annually. Under the net lease structure, the tenant is responsible for property taxes, insurance, utilities, landscaping, and the majority of site maintenance, materially limiting landlord operating exposure.
The lease is guaranteed by Fresenius Medical Care Holdings, Inc. (S&P: BBB- / Stable), the U.S. operating arm of the world's largest dialysis services provider. The company operates 3,600 outpatient clinics globally, of which roughly 2,600 are in the U.S., treats nearly 300,000 patients, employs 110,000 worldwide, and reported FY 2025 revenue of approximately $21 billion.
Investment highlights
CERTIFICATE OF NEED STATE
Illinois is a Certificate of Need (CON) state, creating barriers to entry for new dialysis providers and supporting long-term occupancy stability for existing operators.
CORPORATELY GUARANTEED
The lease is backed by Fresenius Medical Care Holdings, Inc., a global provider of dialysis services, providing stable and reliable income supported by a nationally recognized healthcare operator.
EARLY 7.5-YEAR LEASE EXTENSION
The lease was recently extended through January 2036, reflecting the tenant's continued commitment to the location and providing long-term income visibility.
PROXIMITY TO DOWNTOWN CHICAGO
Located approximately 20 miles southwest of Downtown Chicago, the property benefits from strong regional connectivity via Interstate 57, Interstate 80, and U.S. Route 6.
RENT ESCALATIONS
The lease provides for annual 2.1% (avg.) rent escalations throughout the current term, and 2.0% annually in the (3) 5-year renewal options.
RECENT CAPITAL IMPROVEMENTS
The property has recently undergone capital improvements, including parking lot resealing and restriping, façade and window resealing, and roof repairs, reducing near-term capital needs.
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