Fresenius Medical Care-Essexville, MI

Back to your search results

Fresenius Medical Care-Essexville, MI

1536 W Center Rd Essexville MI Bay County

Sales Price: $1,819,554

Cap Rate: 6.50%

Lease Expiration: 5/31/2026

Contact Person(s): Maxwell Lippitt
Daniel Kukes
Jason Greenspan

Description:

  • LONG TERM OPERATING HISTORY/NEW RENEWAL
    Tenant has been successfully operating at this location since 1991 and recently executed a new 7-year renewal demonstrating their commitment to this site.
  • ESSENTIAL TENANT
    Fresenius Medical Care (NYSE: FMS) is the world’s largest dialysis provider with over 4,000 locations across the globe. Lease is guaranteed by Bio-Medical Applications of Michigan, Inc. – a wholly owned subsidiary which covers most of Michigan’s Fresenius locations (±50 clinics).
  • NN LEASE
    Minimal Landlord responsibilities.
  • PREMIER BAY CITY RETAIL CORRIDOR
    Subject property is surrounded by national tenants such as Kroger, Meijer, Walgreens, Taco Bell, Wendy’s, JoAnn, Subway, Family Dollar, AutoZone, McDonald’s, etc.

Building Size: 8,994 SF

Lot Size: 1.32 AC

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 4,689 31,956 62,201
Avg. HH Income: $70,172 $63,639 $61,561
Daytime Population: 1,904 15,174 26,190

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.