Fresenius Medical Care 1840 Pineview Dr 6,104 SF Office Building Columbia, SC 29209 $1,798,000 ($294.56/SF) 6.85% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Fresenius Medical Care property located in Columbia, South Carolina. Fresenius has been operating at this location since 1996 and has executed multiple lease extensions during their tenancy. Fresenius recently signed extension that expires in January 2032, demonstrating commitment to the site. The lease features 2% annual rent increases throughout the primary term. There are also two 5-year options included. Furthermore, the property received a new roof in June 2023 and has had HVAC units replaced over the last 3 years. Fresenius is an investment grade rated tenant (S&P: BBB-) and is publicly traded on the New York Stock Exchange under “FMS.
The 6,104 square-foot building bene?ts from its position along Pineview Drive which has immediate access to Garners Ferry Road (35,000 VPD). There are several nationally recognized tenants occupying the corridor including Tractor Supply Company, Food Lion, CVS, Walgreens, O’Reilly Auto Parts, Zaxby’s, and Wendy’s. Further northwest along Garners Ferry Road is a large cluster of big and junior box retailers including Walmart Supercenter, Lowe’s Home Improvement, Harbor Freight, Planet Fitness, Hibbett Sports, and several others. Via Garners Ferry Road, the subject asset is within proximity to Interstate 77 which experiences over 69,600 vehicles per day and carries a large portion of the area’s daytime population. There are over 69,000 people that live within a 5-mile radius. The average household income in the same radius is $91,341. The property is also across from the new Burnside Farms singe family housing development which will have 500 homes when complete.
Fresenius Medical Care North America (FMCNA) is the premier healthcare company focused on providing the highest quality care to people with renal and other chronic conditions. Through its industry-leading network of dialysis facilities and outpatient cardiac and vascular labs, Fresenius Medical Care North America provides coordinated healthcare services at pivotal care points for hundreds of thousands of chronically ill customers throughout the continent. As the world’s largest fully integrated renal company, it offers specialty pharmacy and laboratory services, and manufactures and distributes the most comprehensive line of dialysis equipment, disposable products, and renal pharmaceuticals.