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  Fresenius Medical Care


Average Property & Lease

Average Sale Price$3,663,482
CAP Rate (12mo avg with 10+ lease term)6.45%
NOI$235,318
$/Square Foot$332.24
Building Size8,000 - 15,000 sf
Lot Size1 - 2.5 acres
Lease Term15 +/- Years
Escalations2-3% Annually or 8-10% every 5 years
CREDIT RATING
BBB-
S&P
Ba1
Moody's
view credit rating chart
View Net Lease Property Listings at CALKAIN.COM Last Updated: November 28, 2016
Net Lease Advisor Overview

Fresenius Medical Care is a dominant player in the United States dialysis market with DaVita, being their number one competitor. Investors like medical related leased investments. With the demand for dialysis growing, along with Fresenius Medical Care's small price point, investors have found this area an attractive investment. They like the security that is inherent with the investment made by the tenant in the build out of the property and installation of specialty trade fixtures. This investment makes it less likely for the tenant to leave at lease expiration. In addition, the very nature of Fresenius' business, kidney dialysis, requires clients to visit routinely and consistently, which in turn produces a reliable income stream for that location.

The medical industry as a whole is poised for future growth and net lease investors are logical in recognizing the stability this lends.

Pros

Cons

  • Investment grade tenant
  • Corporate guaranteed
  • NNN leases
  • Proximity to hospitals and medical offices
  • Some NN leases holds landlord responsible for roof and structure
  • Expensive to re-lease should the tenant leave
Tenant Description

Fresenius Medical Care is a division of the global parent company, Fresenius Medical Care AG & Co. KGaA, with their North American headquarters located in Waltham, MA. They provide emotional, medical, dietary, financial & well-being resources for patients with chronic kidney Care (CKD) and end stage renal disease (ESRD). They care about all aspects of patient's care - the whole "you". Their services include in-center hemodialysis, at-home hemodialysis, at-home peritoneal dialysis, counseling and guidance for non-dialysis options, nutritional counseling, as well as patient training and education classes.

Fresenius Medical Care is one of the leading providers of CKD and ESRD care. As of September 2016, Fresenius operated 3,579 clinics worldwide, and of those, 2,277 were located in the United States. Over 187,000 patients have been treated in Fresenius United States based clinics, with over 21.6M treatments performed.


FRESENIUS MEDICAL CARE TREND
CAP Rate

2015 avg: 7.95%

2016 avg: 7.68%

RECENT SALES

Vincennes, IN | 6.15%

Chicago, IL | 7.94%

MORE INFO
www.fmcna.com
Google Finance: FMS
Google News: FMS