Historical Office Sale Listing - Fresenius Medical Center

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Fresenius Medical Center

10405 North Juliet Court, Peoria, IL 61615

N/A

8,652 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
8,652 SF
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
7.75%
Occupancy:
100%
Tenancy:
Single
Listing ID
17363486
Last Updated
over 1 year ago

Description

We are pleased to present this free-standing 8,652-square foot Fresenius Dialysis Center located on a 1.72-acre parcel of land in Peoria, Illinois. Fresenius has been a tenant in this location on Juliet Court in Peoria since 2001 due to the mission-critical location for their patients. Renal Care Group, which is a owned by Fresenius Medical Care Holdings, Inc. ("FMCH"), has Fourteen (14) years years remaining on a Rare Absolute Net Lease. The location operates six days a week with two shifts- reflecting they are serving a high volume of business. This location is a state mandated certificate of need location as Illinois is one of 13 certificate of need states requiring dialysis centers to be on a state selected location adding more stability to the investment as it makes it difficult to relocate. Also the extensive medical build out with these locations makes it financially difficult to relocate. The landlord has no responsibility for the maintenance or care of the facility.

The property is located directly north of downtown Peoria in the Medina Township. It has excellent access to major Highways 6 and 17 and is within a few minutes of Interstate 74. This location is in close proximity to Proctor hospital and controls the northern Peoria dialysis market.

Map of 10405 North Juliet Court, Peoria, IL 61615 (Peoria County)

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Created 10/6/2011