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Fresenius Medical Care of Talladega Leasehold 717 Stone Ave 7,536 SF Office Building Talladega, AL 35160 $1,794,600 ($238.14/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Leasehold Opportunity - On Campus Built-to-Suit Fresenius Dialysis Clinic (2004)
- Ground Lease Through July 31, 2033 | Purchaser holds the absolute right to renew the ground lease for two additional 15-year terms
- Alabama requires a Certificate of Need (CON) for dialysis centers, limiting competition and supporting tenant retention
- Long-Term Operating History | Fresenius recently executed a 7-year extension; lease now runs through August 31, 2033
- NNN Leasehold Structure
- Leasehold structure allows for depreciation of nearly the entire ownership basis, offering investors a meaningful tax benefit
EXECUTIVE SUMMARY
The 7,536 SF facility was built-to-suit for Fresenius in 2004. Fresenius recently signed a 7-year lease extension, securing the term through August 31, 2033. The lease features 2% annual rental increases and two additional five-year renewal options. The ground lease runs through July 31, 2033, with two 15-year renewal options.
Located on the campus of Citizens Baptist Medical Center (Orlando Heath), a 122-bed acute care hospital, this mission-critical facility offers investors stable cash flow, annual rental growth, and a long-term commitment from the world’s leading dialysis provider.
Purchaser holds the absolute right to renew the ground lease for two additional 15-year terms exercisable by written notice prior to February 1, 2033.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- -
Fresenius Medical Care, a publicly traded company, is the world’s leading provider of products and services for patients with chronic kidney disease, established through a merger in 1996. The company operates approximately 3,700 dialysis clinics globally and serves over 299,000 patients per year, supported by around 40 production facilities for dialysis machines, dialyzers, and related supplies. It offers in-center and home dialysis, vascular access care, renal pharmaceuticals, and clinical lab services. In 2025, Fresenius emphasized expanding home dialysis programs and advancing patient-centered technologies. The Morristown, TN center at 420 W Morris Blvd is part of its U.S. network, providing in-center hemodialysis, peritoneal dialysis, and home hemodialysis training. Leadership is based in Germany, but regional leadership, including center operations, is supported by executive and medical officers across North America.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Health Care and Social Assistance | - | - | - |
PROPERTY TAXES
| Parcel Number | 13-07-26-2-007-001.800 | Improvements Assessment | $133,840 |
| Land Assessment | $0 | Total Assessment | $133,840 |
PROPERTY TAXES
Presented by
Fresenius Medical Care of Talladega Leasehold | 717 Stone Ave
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