Brookfield, WI - Fresenius

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, investment grade (S&P: BBB), corporate guaranteed, Fresenius Medical Care investment property located in Brookfield, WI (Milwaukee MSA). The tenant, Wisconsin Rental Care Group, LLC, has 9 years remaining on their initial term with 3 (5-year) option periods left to extend. The lease features rare 1.70% annual rental increases throughout the initial term and FMV increases throughout the options, steadily growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Fresenius Medical Care operates more than 4,116 dialysis clinics and provides dialysis treatment to over 345,000 patients around the globe, making them the world’s largest provider of products and services for individuals with chronic kidney disease.

Fresenius Medical Care is strategically located along W. Capitol Drive with clear visibility and access to an average of 38,000 vehicles passing by daily. The site is a quick 21-minute drive into Downtown Milwaukee, making this an ideal, centralized location with easy commutes for both employees and customers. The asset is ideally situated within a dense retail corridor and is within close proximity to Shoppers World of Brookfield (199,337 SF), The Mayfair Collection (494,287 SF), Mayfair Mall
(1.29M SF), and other shopping centers. The surrounding national/credit tenants include The Home Depot, Target, Petco, ALDI, Walgreens, Macy’s, Whole Foods, and others. In additional, the site is near Ascension SE Wisconsin Hospital (108 beds), a well-established regional healthcare facility dedicated to providing world-class care. Furthermore, the subject property is within walking distance to numerous single-family communities and multi-family complexes including PrairieWalk at Town Centre (56 units), Capitol Hill Senior Apartments (71 units), Foxbrook Senior Apartments (71 units), and more, providing a direct residential consumer base for the site. The
5-mile trade area is supported by over 111,900 residents and 116,500 daytime employees. Residents within one mile of the subject property boast an affluent average household income of $155,561.