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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
- -
- -
- -
At Fresenius Kidney Care, they're passionately committed to helping people with chronic kidney disease (CKD) and end stage kidney disease (ESKD), also known as end stage renal disease (ESRD), lead fuller and more active lives. Fresenius Kidney Care, a division of Fresenius Medical Care, serves hundreds of thousands of patients in thousands of centers nationwide. As the worldwide leader in kidney disease, they strive to provide the highest-quality care to help people live longer, healthier lives. They understand that helping people live a vibrant and more active life goes beyond providing the best dialysis care. It’s about caring for the whole community. At Fresenius Kidney Care, they have several resources designed to meet emotional, medical, dietary, and financial literacy needs. This includes a library of downloadable tools available in their resource center.
| 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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