725 N Seminary St
Galesburg, IL 61401
Fresenius Kidney Care | 15 Yr Lease · Office Property For Sale

Marcus & Millichap is pleased to present the opportunity to acquire the recently completed build to suit Fresenius clinic in Galesburg, Illinois. The original fifteen-year lease features rare three percent annual increases. In addition, there are three five-year options to extend as well as tentative plans to expand the clinic from 21 to 25 stations in the future. The city of Galesburg is located as part of the outer band of major cities surrounding Chicago. The property sits adjacent to the 173 bed Galesburg Cottage Hospital which previously housed the local dialysis unit prior to construction being completed at this site. Now the approximate 30,000 residents of Galesburg are One Hundred Percent reliant on this Fresenius Clinic to fulfill their dialysis needs. FMC Galesburg represents the opportunity for an investor to secure a growing cash flow in a stable property for decades to come. There is great stability in this asset with the strict Certificate of Need laws in Illinois and 100% market share. Fresenius is the leader in dialysis treatment worldwide, has a credit rating of Baa3 and offers a full corporate guarantee behind the lease at this location. Broker of Record Steven Weinstock Lic. # 471.011175