1159 Glendale Rd
Galax, VA 24333
Fresenius Medical Care · Office Property For Sale

Peranich Huffman Net Lease Group is pleased to offer for sale on an exclusive basis, the Fresenius Medical Care of Galax, Virginia. Constructed in 2006, the 6,300 square foot facility is leased on a double-net basis to Fresenius Medical Care. Per the double net structure of the lease, the Landlord is solely responsible for the repair and replacement of the roof, structure, HVAC unit and parking areas of the building. Tenant is solely responsible for maintenance of the premises. With an approximate 3.4 years remaining, the lease provides for two 5-Year renewal options. Offered at a 7.50% capitalization rate, the offering provides an investor with the opportunity to acquire a property with a strong operation that is home to a national medical tenant that exemplifies a reputation of consistency for both patients and the real estate investment community. Fresenius Medical Care is the largest provider of renal care in both the United States and across the world. In 2008 Renal Advantage Inc (RAI) acquired National Alliance Inc and in 2011 Fresenius Medical Care acquired Liberty Dialysis which is the holding company of RAI. The Bamberg RAI facility is wholly owned and operated by Fresenius Medical Care. Fresenius delivers services to patients with chronic kidney failure and end stage renal disease. Fresenius has a net worth exceeding $22.50 billion and currently holds S&P’s Investment Grade credit rating of “BBB Stable”.