Marketing Description
- Newly constructed building (2018)
- +/-5,237 SF building situated on +/-1.4 acres
- Located at the intersection of Kinard Street and Cook Road
Investment Highlights
- Investment Grade Tenant – Guaranteed by Fresenius Medical Care Holdings, Inc., which holds a credit rating of Moody’s Baa3. Parent company Fresenius Medical Care net income for 2018 was $2.341 billion and holds a credit rating of S&P BBB-.
- Long Remaining Lease Term – ±14 years remaining with three (3) five-year (5) options to renew
- Limited Landlord Responsibilities – Landlord responsibilities are limited to roof, structure and major repairs to HVAC
- Brand New Construction – Build-to-suit completed in February of 2018
- Attractive Rent Growth – 10% rent increases every 5 years during the primary term
- Located Strategically Near Regional Medical Center – RMC is a 286-bed regional hospital