This property is Off-Market

732 East Emory Road
Knoxville, TN 37938 ·

10,951 SF · Office For Sale

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Fresenius Medical Care

Price N/A Cap Rate 8%
Building Size 10,951 SF Tenancy Single
Property Type Office Year Built 2009
Property Sub-type Medical Office Lot Size 1.44 AC
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 16281176 Date Created: 06/16/2009 Last Updated: 10/11/2010

Description

Fresenius Medical Care Holdings, Inc. ( FMCH ) has signed a 12-year NN Lease with a 12% increase in Lease Year 7. FMCH is a subsidiary of Fresenius Medical Care (NYSE: FMS), the world's largest integrated provider of products and services for individuals undergoing dialysis because of chronic kidney failure, a condition that affects more than 1,770,000 individuals worldwide. Through its network of 2,448 dialysis clinics in North America, Europe, Latin America, Asia-Pacific and Africa, Fresenius Medical Care provides dialysis treatment to 187,476 patients around the globe. Fresenius Medical Care is also the world's leading provider of dialysis products such as hemodialysis machines, dialyzers and related disposable products. Fresenius Medical Care is the leading provider of dialysis care in the United States with a market share of about 33%. Together, Fresenius Medical Care and the second largest dialysis care provider DaVita treat almost 63% of all US dialysis patients.

In 2008, Fresenius Medical Care Holdings reported a Net Worth of over $5.1 Billion, a 7% +/- increase from 2007 ($4.8 Billion).

The subject property is a 10,951 +/- sq. ft. freestanding Fresenius Medical Care located in Knoxville, TN, approximately 8 miles north of downtown. The property is approximately ½ mile from St. Mary's Medical Center North, which is East Tennessee's newest state-of-the-art, 72 bed, 572 physician full-service hospital. The medical center has private patient rooms with dedicated family spaces including: a sleep sofa, wireless Internet access and a second TV. Other area traffic generators include: Ingles, Holiday Inn, Comfort Inn, several strip centers, Regions Bank, O'Reilly Auto Parts, CVS, Arby's, McDonald's, Zaxby's, Wendy's, Krystal, and Subway. The property is approximately 1 mile east of Interstate 75.

Highlights

  • New 12-year NN Lease with Fresenius Medical Care Holdings, Inc (FMCH)
  • FMCH is a subsidiary of Fresenius Medical Care (NYSE: FMS), the world's largest provider of products and services for dialysis
  • Fresenius is the leading provider of dialysis care in the US with a market share of about 33%
  • FMCH reported a net income of $523M +/- in 2008, a 9% +/- increase from 2007
  • In 2008, the global dialysis market grew by around 5% to approximately $65 billion
  • The subject property is located about ½ mile from St. Mary's Medical Center North (72 beds, 572 physicians)

Research

732 East Emory Road, Knoxville, TN 37938 (Knox County)

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