Details

Fresenius Kidney Care in Nassawadox, VA

9550 Hospital Ave, Nassawadox, VA

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hIGHLIGHTS

Size:8,680 SF

Price:$2,383,056.00

CAP RATE:6.25%

NOI:$148,941.00

PROPERTY
OVERVIEw

DETAILS

• Building constructed in 1997
• 1,980 SF expansion completed in 2005
• NNN Lease structure
• Lease commencement date: 10/26/2001
• Lease expiration date: 11/30/2022
• One 5-year option
• Lease extension in negotiation
• Credit Rated Tenant, Corporate Guarantee

InCommercial Property Group is pleased to offer the opportunity to acquire a Fresenius Kidney Care clinic in Nassawadox, Virginia. The 8,680 SF building sits on 1.30 acres and is located on Hospital Ave. Priced at $2,383,056 with a 6.25% cap rate, the NNN lease runs through Nov. 30, 2022, followed by one 5-year option. The site conveniently sits in close proximity to many medical facilities. Fresenius Medical Care (NYSE: FMS) is the world’s largest dialysis provider, operating over 2,200 facilities and is a Fortune 500 company with a $26 Billion market cap. The Company currently holds an S&P credit rating of BBB- (Investment Grade Credit).

Location

Contact

Ryan Wewerka

Vice President, Brokerage

(425) 283-2183

RWewerka@InCommercialRE.com