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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 Kidney Care is part of Fresenius Medical Care, a global provider of dialysis products and services headquartered in Bad Homburg, Germany. The broader Fresenius organization traces its roots to 1966, when Fresenius expanded its work in dialysis technology, and Fresenius Medical Care was formally established in 1996 following a merger of dialysis businesses. Fresenius Kidney Care focuses on supporting individuals with chronic kidney disease through dialysis treatment options, including home and in-center therapies, as well as kidney health education and related patient resources. The company is privately held through its parent structure under Fresenius Medical Care and ultimately Fresenius SE & Co. KGaA. Its operations form part of an international network offering dialysis services across multiple countries. Fresenius Kidney Care operates within a larger framework of healthcare services that includes dialysis centers, care delivery programs, and technological solutions designed for long-term kidney treatment.
| 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 | $137,760 |
| Land Assessment | $0 | Total Assessment | $137,760 |
Property Taxes
Presented by
Fresenius Medical Care of Talladega Leasehold | 717 Stone Ave
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