InCommercial Property Group is pleased to offer for sale to qualified investors a Fresenius Medical Care (”FMC”) in New Market (Knoxville), Tennessee. The property consists of a 1-story, 6,052 SF dialysis clinic that was a build-to-suit for FMC in 2007.
The Tenant moved into the property upon completion of the renovation in 2008 and recently extended its current lease term for an additional five (5) years, with rent at $95,982 for the remaining term through October 31, 2027. The lease provides for a passive, Landlord-friendly expense structure with Landlord expenses limited to roof, structure, parking lot, and HVAC. The building has been well maintained during the ownership period and is in great condition. The lease features a rare corporate guaranty from FMC.
Vice President, Brokerage