|Catylist Listing ID:
Medical, Net Leased
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
|Property Use Type:
||Net Leased Investment (NNN), Investment
|Class of Space:
||Cash to Seller
Overview / Comments
TRIO Commercial Property Group has been selected as the exclusive broker to sell this 8,138 SF, investment grade, corporate guaranteed, Fresenius Medical Care investment property located in New Albany, Indiana (Louisville, KY MSA). The tenant has over 13.5 years remaining in their initial term. The lease features 10% rental increases every five years throughout the initial term and option periods. The 15 year Lease commenced on June 1, 2019 and expires on May 31, 2034 with three – 5 year options to extend the Lease. The lease is corporate guaranteed by Fresenius Medical Care and is modified NNN with landlord responsibilities limited to roof, structure, and parking lot.
This facility is located off of Mt. Tabor Rd. (9,000 k ADT) and in close proximity to I-265 (41,000 ADT) in Northwestern Floyd County (New Albany) and has strong demographics with the population of 47,323 and an average household income of $70,420 within a 3-mile radius of the subject site.
Fresenius Medical Care has become one of the largest renal care platforms around the globe through its network of over 3,900 dialysis clinics. This state-of-the-art location was recently completed and features brand new, high quality construction.
|Tenant Business Name
||Fresenius Medical Care
||Health Care and Social Assistance
|SF of Space Occupied
||$172,243 PSF (Annual)
||10% every 5 years
||3- 5 year options
|Total Parking Spaces:
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