Fresenius Medical Care – Sturgis, MI

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Fresenius Medical Care – Sturgis, MI

1276 Kitson St Sturgis MI St. Joseph County

Sales Price: $1,409,416

Cap Rate: 6.00%

Lease Expiration: 8/31/2026

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

Description:

ESSENTIAL TENANT:

  • Fresenius Medical Care (NYSE: FMS) is the world’s largest dialysis provider with 4,000+ global locations, an annual revenue over $10.37B and 120,000+ employees.

CORPORATE GUARANTY FROM FRESENIUS MEDICAL CARE HOLDINGS, INC

2008 CONSTRUCTION:

  • Build-to-Suit for Fresenius

2.00% ANNUAL RENT INCREASES

BELOW MARKET RENT:

  • Fresenius is only paying $12.75 PSF

NN LEASE:

  • Tenant handles all Taxes, Insurance, CAM and HVAC.

Building Size: 6,500 SF

Lot Size: 1.226 AC

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 3,794 14,834 18,043
Avg. HH Income: $76,839 $64,846 $67,136

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.