Overview

Description

Overview
Peranich Huffman Net Lease Group is pleased to offer for sale, the Fresenius Medical Care (Dark) located in Fort Scott, KS. Built in 2014, the 7,700 SF former dialysis clinic is currently unoccupied; however, the tenant has been paying rent and fulfilling all obligations of the lease since its commencement in 2014.


Lease Term
In 2014, Fresenius Medical Care executed a 15-year lease at the Fort Scott, KS location. Currently, the tenant has 5.5 years of lease term remaining at an annual rental rate of $314,411 for the remainder of the lease term. The lease is backed by a corporate guarantee from Fresenius' parent company, Fresenius Medical Care Holdings, Inc.


Net Lease Structure
The Fresenius Medical Care lease contains a net lease structure that provides for minimal landlord responsibilities. A potential investor will benefit from over 5 years of guaranteed income, while having the opportunity to reposition the asset through reletting and/or obtaining an early lease buyout.


About The Tenant
Fresenius Medical Care is the largest provider of renal care in both the United States and across the world. Fresenius has a net worth of $22.5+ billion and holds S&P’s Investment Grade credit rating of “BBB-”. Through its network of 4,000+ dialysis clinics, Fresenius Medical Care provides dialysis treatments approximately 344,000 patients around the globe.

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Highlights

• Strategic Location - Positioned on the sole outparcel to Walmart, the property enjoys high visibility and consistent foot traffic, enhancing its appeal to both impulse-oriented retail customers and destination-oriented healthcare patients alike. The site provides over 240 feet of frontage along Fort Scott's main thoroughfare.
• Value-Add Positioning - Secured under a lease with Fresenius' corporate parent until September 2029, the unoccupied property guarantees an annual income of $314,411, despite its current vacancy. This arrangement presents a unique investment opportunity by ensuring steady income for the next 5.5 years and offering significant value-add potential. Investors have the flexibility to strategize on re-leasing or negotiating an early lease termination, thereby enhancing the property's value further.
• Strong Income Demographics - The average household income within a one-mile radius of the subject property is $90,696, exceeding the national average by 34%. This significant difference highlights the local area's economic affluence and suggests enhanced consumer spending capabilities, beneficial for a variety of businesses.
• Corporately Guaranteed Investment - The lease is backed by a corporate guarantee from the tenant’s parent company, Fresenius Medical Care Holdings, Inc., bringing security to the investment. The company's creditworthiness is underscored by an investment grade rating of BBB- from Standard & Poor's, indicating a stable outlook. This rating reflects the tenant’s strong capacity to meet its financial commitments, ensuring a reliable income stream for the remainder of the lease term.
• Minimal Landlord Responsibilities - The tenant is responsible for all expenses relating to the interior of the premises, parking lot, landscaping, property taxes, insurance, utilities, waste management and *HVAC (see page 6 of OM). The landlord is responsible for the subject property's structure and roof.
• Broker of Record: Brian Brockman | Bang Realty - Kansas, Inc. | KS License #: 239819

Documents

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