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Fresenius Medical Care 783 New Highway 68 9,506 SF Office Building Sweetwater, TN 37874 $3,100,000 ($326.11/SF) 6.25% Cap Rate
Investment Highlights
- Absolute NNN lease structure with 7.5+ years remaining with no landlord responsibilities providing passive ownership.
- Situated on a major highway, US-68, the property benefits from high visibility and traffic. US- 68 sees over 15,000 VPD.
- Fresenius is a publicly traded company (NYSE: FMS) with S&P Rating of BBB-
- Fresenius is a strong corporate tenant with over 2,600 dialysis centers nationwide and over 3 Billion in North American Revenue in 2023.
- In close proximity to strong surrounding retail including Subway, Taco Bell, Domino’s, Walgreens and many more.
- ANNUAL RENT INCREASES: Hedge Against Inflation
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,506 SF
Building Class
B
Year Built
2009
Price
$3,100,000
Price Per SF
$326.11
Cap Rate
6.25%
NOI
$193,750
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,506 SF
Building FAR
0.19
Lot Size
1.17 AC
Zoning
Commercial
Parking
25 Spaces (2.63 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 033B-A-003.01 | Improvements Assessment | $395,280 |
| Land Assessment | $86,400 | Total Assessment | $481,680 |
Property Taxes
Parcel Number
033B-A-003.01
Land Assessment
$86,400
Improvements Assessment
$395,280
Total Assessment
$481,680
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Fresenius Medical Care | 783 New Highway 68
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