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- LoopNet Team
204 N Triangle Dr
Ponderay, ID 83852
Fresenius Guaranteed US Renal Care · Office Property For Sale
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Line
- Signage
- Central Heating
- Drop Ceiling
- Air Conditioning
ABOUT 204 N TRIANGLE DR , PONDERAY, ID 83852
Investors have the opportunity to acquire the 7,676 SF Fresenius Medical Care Center located in Ponderay, ID. The current tenant (Dialysis Newco, Inc., dba DSI Renal) is on an NNN lease through January 31, 2021 with Three (3) 5-year options. Base Rent for each Option Term shall be the lesser of (i) Fair Market Value or (ii) amount equal to 110% of the previous annual term, but in no case shall rent be less than the rent of the previous annual term. With four years left on the lease, an owner can re-lease or redevelop the property with a new tenant on a long-term lease creating immediate value. The new owner can also negotiate a lease buyout with the existing tenant immediately increasing cash flow, or those proceeds can be used towards the re-development/re-leasing, and the investor doesn't have to come out of pocket. This investment is well suited for someone looking to get out of management intensive properties or a good addition to a savvy net lease investor's portfolio.
PROPERTY TAXES
| Parcel Number | RPP07-660-010120A | Improvements Assessment | $901,594 |
| Land Assessment | $288,585 | Total Assessment | $1,190,179 |
PROPERTY TAXES
