Fresenius Medical Care-Saginaw, MI

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Fresenius Medical Care-Saginaw, MI

4800 E McLeod Drive Saginaw MI Saginaw County

Sales Price: $2,228,921

Cap Rate: 5.75%

Lease Expiration: 5/31/2031

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

Description:

  • 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.

Building Size: 11,687 SF

Lot Size: 1.55 AC

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 1,692 32,912 86,050
Avg. HH Income: $43,121 $71,039 $69,008
Daytime Population: 9,610 23,027 46,134

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.