Property History
The subject offering allows both new and experienced investors to acquire a corporately guaranteed, double-net Fresenius Medical Care (NYSE: FMS) property located in Scottsburg, Indiana. The 7,914 S/F building (75% Fresenius) was constructed in 2009 and is located within 2.5 miles of Scott Memorial Hospital, the largest medical complex in Scottsburg. The lease, which was recently renewed, has 6 years and 7 months remaining along with three (3) 5-year options. Significant upside potential resides in the remaining 1,970 SF that is currently being used for storage by a single-unit retailer. This space could be a potential expansion opportunity for Fresenius or rented at market rates to increase the asset’s net operating income. Current NOI has incorporated estimated taxes and insurance expenses for remaining SF, leaving a value-add opportunity for the incoming investor.
Double Net Lease
Corporate Guarantee
Lease Term; 6 Years, 7 Months
Minimal Dialysis Competition Within a 20-Mile Radius
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
Contacts
Map
Comparable Properties
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