Fresenius Kidney Care Single Tenant

Highlights:

• Credit income stream from Investment Grade (BBB- rated) Fresenius Kidney Care
• Publicly traded Company (NYSE:FMS)
• Market Cap over $12.16B (Sept 2026)
• $22.21B in revenue in 2025
• Reported operating income grew by 27% in 2025, reported net income by 82%
• Fresenius operates over 4,000 clinics worldwide and approximately 2,200 in North America
• Long term 15 year lease with 11 years remaining/annual increases through primary term and option periods
• Long term commitment to location / relocation store / major capital investment
• Significant health care synergy w/ Kaiser Permanente South Medical Center
• Ease of management for investor / minimal landlord responsibilities
• Fresenius' location is strengthened by major retailers in the immediate area, including Costco, Target, Lowe's, Sam's Club, Food 4 Less and CVS.
• Annual Rental increases of 1.50% in the primary term and 1.75% in the option periods provides the investor with a hedge against inflation, increasing Cash flow and asset value appreciation
• Long term commitment to location/relocation store/major capital investment
• Tenant funded approximately $10M on overall expenditures showing long term commitment to this location
• New roof, building systems, plumbing infrastructure as part of Tenant built-out and retrofit
• 48 in-center dialysis stations – looking to add more based on recent increased demand
• Significant health care synergy w/ Kaiser Permanente South Medical Center
• Landlord has minimal active responsibilities as the CAM Manager/Declarant manages the center for all parties
• Tenant reimburses 100% of its Pro Rata Shopping Center CAM expenses, including all expenses incurred by the CAM Manager
• Fresenius strategically located in center anchored by a soon to be opened H Mart Grocery, DD's Discounts Starbucks, and Auto Zone
• Fresenius' location is strengthened by major retailers in the immediate area, including Costco, Target, Lowe's, Sam's Club, Seafood City, Food 4 Less, and CVS
• Subject property is located next to the 99 Freeway (170,800 VPD) and has direct access to and pylon signage on Mack Road with over 42,000 VPD at the intersection
• Strong demographics/high density trade area
• Fresenius' location benefits from over 380,000 residents and an average of $112,398 within 5 miles

Description:

Faris Lee Investments is pleased to present the exclusive opportunity to acquire an Investment Grade single-tenant net-leased offering occupied by Fresenius Kidney Care (BBB- rated / NYSE: FMS) in Sacramento, California. As an international leader in renal care with a $12.16+ billion market cap and over 4,000 locations globally, Fresenius provides an institutional-grade, recession-resilient credit investment. The offering is secured by an original 15-year lease with 11 years of primary term remaining, featuring 1.5% annual rent escalations that ensure consistent cash-flow growth and a strong hedge against inflation.

This location is a significant commitment by Fresenius, evidenced by their strategic relocation to the site and a massive $10 million tenant-funded capital investment. The facility was custom-built to support a state-of-the-art 48-station dialysis clinic, complete with extensive infrastructure upgrades including a new roof and building systems. Offered with minimal landlord management obligations, the asset features a streamlined structure where the tenant reimburses 100% of its pro-rata CAM expenses, providing a highly passive vehicle for institutional or private capital seeking secure yield.

Strategically located in close proximity to Kaiser Permanente South Sacramento Medical Center with over 780,000 sqft on 48.5 acres. Situated at the focal point of a major retail and medical hub, the asset benefits from exceptional surrounding synergies. The property is co-anchored within a thriving center featuring a soon-to-open H-Mart, DD's Discounts, Starbucks, McDonald's, and AutoZone. The site enjoys superior visibility along Mack Road with nearly (42,300 VPD) at the intersection immediately accessible to Highway 99 (170,800 VPD). The site is surrounded by high-volume national retailers including Costco, Target, and Lowe's, and is supported by a robust demographic base of over 380,000 residents within a 5-mile radius.

The site enjoys superior visibility along Mack Road with nearly (42,300 VPD) at the intersection immediately accessible to Highway 99 (170,800 VPD). The site is surrounded by high-volume national retailers including Costco, Target, and Lowe’s, and is supported by a robust demographic base of over 380,000 residents within a 5-mile radius.

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