- LONG TERM OPERATING HISTORY/NEW RENEWAL
Fresenius has been operating at this location for 20+ years and just recently executed an early renewal giving 10 years of lease term remaining.
- ANNUAL INCREASES
As part of the early renewal, Tenant has 2% annual increases beginning in 2026 for the remainder of the lease term.
- 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).
- DENSE COMMERCIAL CORRIDOR
Subject property sits directly in the heart of Saginaw’s main business corridor surrounded by tenants such as Walmart, Target, Home Depot, Lowe’s, At Home, Meijer, Kohl’s, Old Navy, TJ Maxx, Five Below, Hobby Lobby, Cabela’s, etc.