635 Stone Ave 15,230 SF Office Building Paris, TX 75460 $4,858,043 ($318.98/SF) 6.50% Cap Rate

The subject property is a two-building Fresenius Medical Care build-to-suit dialysis center and home therapy center. 633 Stone Avenue was constructed in 2013 and contains 10,684 square feet of leasable area. 635 Stone Avenue was constructed in 2008 and is 4,546 square feet. 635 Stone Avenue was recently renovated to accommodate home therapy treatments to accompany the clinic which continues to operate at 633 Stone Avenue. Fresenius recently extended the 15,230 total SF site for an additional 11 YRS on a NN, corporate-guaranteed lease with three five-year renewal options. The lease for 633 Stone Avenue commenced January 1, 2026 and expires December 31, 2036. The lease for 635 Stone Avenue commenced December 25, 2025 and expires December 24, 2036. The extended lease term calls for 1.64% (weighted average) increases annually.
For more than 100 years now, Fresenius has been working to save lives and improve the quality of life of its patients. Fresenius is a premier renal healthcare company completing more than +/-48 million dialysis treatments per year worldwide and has an industry leading network of more than 3,700 clinics across 40+ countries.