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34470681
34470680

6450 Seminole Boulevard, Seminole, FL 33772 For Sale

MB
FL SL3103902
Ciminelli Real Estate Services
Ciminelli Real Estate Services - Tampa
Listed by Ciminelli Real Estate Services, Ciminelli Real Estate Services - Tampa
$1,400,000
1 day on market
Updated 1 day ago

6450 Seminole Boulevard

Details
Property Type Retail, Office
Sub Type Pharmacy/Drug, Traditional Office (+1)
Square Footage 3,806
Units 1
Cap Rate 7.22%
Occupancy 100%
Tenancy Single
Brand/Tenant Fresenius
Lease Type Net
Remaining Term 10
Class B
Year Built 1972
Stories 1
Acreage 0.280
Zoning C-2
Parking Spaces 2.63 per 1,000 sq ft
Investment Type Net Lease
Ground Lease No

Single Tenant Net Lease Investment Opportunity

Marketing description

Ciminelli is pleased to exclusively present the opportunity to acquire a free-standing, single-tenant dialysis facility leased to Fresenius Medical Care (“Fresenius”) with more than 10 years of remaining lease term.

Fresenius has operated at this location since April 2017 and recently executed a new 10-year lease extension commencing April 1, 2027 and expiring March 31, 2037, demonstrating the tenant’s long-term commitment to the site and the mission-critical nature of the facility.

The Property is offered with a modified net lease structure, providing investors with an attractive yield premium relative to traditional absolute net leased assets while maintaining the security of long-term occupancy by one of the world’s leading dialysis providers.

About the Tenant: Fresenius Medical Care (NYSE: FMS) is a global leader in dialysis services and products, operating approximately 3,675 clinics across more than 40 countries. Collectively, these facilities serve approximately 299,000 patients and provide nearly 48 million treatments annually. In the United States alone, Fresenius Kidney Care operates more than 2,200 dialysis centers serving approximately 200,000 patients, representing an estimated 37% share of the U.S. dialysis market.

Listing Contacts

MB
FL SL3103902
Ciminelli Real Estate Services
Ciminelli Real Estate Services - Tampa
Listed by Ciminelli Real Estate Services, Ciminelli Real Estate Services - Tampa

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Additional Information

Name
Marty Busekrus
License
SL3103902
Brokerage
Ciminelli Real Estate Services of Florida
Name
Ciminelli Real Estate Services
License
CQ1011388
Brokerage
Ciminelli Real Estate Services
Brokerage Phone
813-908-1727
Brokerage Address
4100 West Kennedy Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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