FRESENIUS MEDICAL CARE - LoopNet · 2019-11-11 · Fresenius Medical Care North America is a major...
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Actual Property Actual Property • Prime Location in an Income Tax Free State. • Original 15 year lease ( 12+ years remaining ) with 1.7% Annual Rent Increases!. • Fresenius Medical Care is the Largest Dialysis Provider in the World (S&P Rated BBB-) • 10,392 SF Clinic - Corporate Guaranteed by Fresenius Medical Care Holdings • Approx. 1.5 acre site located just off of Interstate 95 on Palm Bay Road. • Population growth of 22% since 2000. • NNN (modified) - Landlord resp. for roof and structure with tenant to pay or reimburse. Tenant pays property taxes directly to the taxing authority. FRESENIUS MEDICAL CARE 1355 PALM BAY RD NE, MELBOURNE FL 32905 MELBOURNE (PALM BAY – MSA), FLORIDA (ONLY 70 MILES TO ORLANDO AND 170 MILES TO MIAMI) OFFERED BY: JOHN LEE – Senior Advisor 646-837-6509 / 917-774-8812 [email protected] Dennis Havril – Senior Advisor 925-263-2088 / 925-497-6342 [email protected] Dan Lem – Principal/Owner 925-263-2088 / 415-385-7381 [email protected] CONTACT:
Transcript of FRESENIUS MEDICAL CARE - LoopNet · 2019-11-11 · Fresenius Medical Care North America is a major...
Actual Property
Actual Property
• Prime Location in an Income Tax Free State. • Original 15 year lease ( 12+ years remaining ) with 1.7% Annual Rent Increases!. • Fresenius Medical Care is the Largest Dialysis Provider in the World (S&P Rated BBB-) • 10,392 SF Clinic - Corporate Guaranteed by Fresenius Medical Care Holdings • Approx. 1.5 acre site located just off of Interstate 95 on Palm Bay Road. • Population growth of 22% since 2000. • NNN (modified) - Landlord resp. for roof and structure with tenant to pay or reimburse.
Tenant pays property taxes directly to the taxing authority.
FRESENIUS MEDICAL CARE 1355 PALM BAY RD NE, MELBOURNE FL 32905 MELBOURNE (PALM BAY – MSA), FLORIDA (ONLY 70 MILES TO ORLANDO AND 170 MILES TO MIAMI)
OFFERED BY:
JOHN LEE – Senior Advisor 646-837-6509 / 917-774-8812 [email protected]
Dennis Havril – Senior Advisor 925-263-2088 / 925-497-6342 [email protected]
Dan Lem – Principal/Owner 925-263-2088 / 415-385-7381 [email protected]
CONTACT:
LOCATION: 1355 Palm Bay Road NE, Melbourne, FL 32905
LOCATION 1355 PALM BAY RD NE, MELBOURNE FL 32905
FRESENIUS MELBOURNE, FL
INVESTMENT SUMMARY
OFFERING TERMS
PRICE $6,714,790 CAP 5.25% NOI $352,526.45
LEASE TERM: 15 years
Yr. 1 $335,142.00 Yr. 6 $364,614.23 Yr. 11 $396,678.23 Yr. 2 $340,839.41 Yr. 7 $370,812.67 Yr. 12 $403,421.76 Yr. 3 $346,633.68 Yr. 8 $377,116.48 Yr. 13 $410,279.93 Yr. 4 $352,526.45 Yr. 9 $383,527.46 Yr. 14 $417,254.69 Yr. 5 $358,519.40 Yr.10 $390,047.43 Yr. 15 $424,348.02 LEASE TYPE: NNN (modified) - Landlord resp. for roof and structure with tenant to pay or reimburse. Tenant pays property taxes directly to the taxing authority. OPTIONS: Three (3) five (5) year options at lesser of FMV or an amount equal to 110 % of base rent paid during last year of prior lease term
GUARANTOR: Fresenius Medical Care Holdings, Inc.
RENT SCHEDULE – 1.7% ANNUAL RENT INCREASES
ADDRESS: 1355 Palm Bay Rd NE, Melbourne, FL 32905
BLDG SIZE: 10,392 square ft. on 1.48 acres
YEAR COMPLETED: 2017
FRESENIUS MELBOURNE, FL
HOURS OF OPERATION: MON – SAT 6AM – 9PM
Orig. 15 years. Lease/rent both commence Jan. 2017. Approx. 12+ years remaining.
Actual Property
Actual Clinic
INVESTMENT HIGHLIGHTS
INVESTMENT GRADE TENANT: Rated BBB- by Standard and Poors NEW 2017 CONSTRUCTION: Modified NNN Lease 1.7% annual rent increases
STRATEGIC LOCATION: Located on busy Palm Bay Rd. and near the I-95 Surround by densely populated housing with a population growth of
22% since 2000 Dense trade area. Nearby retail tenants include Walgreens, Walmart,
LA Fitness, BJ’s Wholesale, Chick-fil-A, Starbucks, CVS, Chili’s, Aldi, Golden Corral and more.
Located approximately 15 minutes from Melbourne International Airport
ABOUT MELBOURNE, FL: Melbourne FL is a city in Brevard County, southeast of Orlando on Florida’s east coast. Melbourne is the economic engine of Brevard County and is a hub for high-tech and aerospace industries It is located midway between Jacksonville and Miami. As this city lies along the Indian River Lagoon, it is loved by those who enjoy its quiet beauty. On the other side of the river a portion of the city lies on a barrier island with many beach parks. Melbourne has an international airport and is located on a major interstate with easy access to Orlando and its attractions, Kennedy Space Center and beyond.
EXCELLENT DEMOGRAPHICS: Population of 141,000 people within 5 miles Average household income of $56,000 within a 1, 3 and 5 mile radius
FRESENIUS MELBOURNE, FL
NEW NN LEASE
15 YRS WITH 3 – 5 YEAR OPTIONS AT LESSER OF FMV OR 110% OF LAST BASE RENT PAID
ANNUAL RENT NCREASES
1.7% PER YEAR
LARGE POPULATION
141K 5 MILE RADIUS
HOUSEHOLD INCOME
60K 5 MILE RADIUS
SITE PLAN
FRESENIUS MELBOURNE, FL
TENANT PROFILE
#1 Dialysis Provider in the world
3,400+ Global Locations
Ticker: FMS
TENANT: FRESENIUS MEDICAL CARE
LEASE GUARANTOR: FRESENIUS MEDICAL CARE HOLDINGS, INC.
S&P CREDIT RATING: BBB-
# OF LOCATIONS: 3,400+
Fresenius Medical Care North America is a major provider of kidney dialysis services and renal care products. Fresenius provides products, dialysis care services, education and support for Chronic Kidney Disease, including treatment options for later stage CKD. Fresenius is a publicly traded company (NYSE: FMS) with a market cap in excess of $23 billion. Fresenius is an investment grade rated company with an S&P rating of BBB-.
FRESENIUS MELBOURNE, FL
AERIAL PT. 1 Hospitals and Medical Centers
FRESENIUS MELBOURNE, FL
Melbourne Regional
Medical Center - 7 Miles away
- 113 Beds
Kindrid Hospital Medical
- 5 Miles away - 99 Beds
SUBJECT PROPERTY
Sea Pines Rehibilitation
Hospital - 3 Miles away
First Health Palm Bay Hospital
- 4 Miles away - 52 Beds South Lake
Hospital - 9 Miles away
- 170 Beds
Space Coast Nephrology - 4.5 Miles
away
Melbourne Internal
Medicine - 5.4 Miles
away
AERIAL PT. 2
FRESENIUS MELBOURNE, FL
Subject Property
AERIAL PT. 3
FRESENIUS MELBOURNE, FL
DEMOGRAPHICS
LARGE POPULATION
141K 5 MILE RADIUS
POPULATION
1 MILE: 9,579
3 MILE: 81,607
5 MILE: 141,306
AVERAGE HH INCOME
1 MILE: $49,202
3 MILE: $58,710
5 MILE: $60,300
FRESENIUS MELBOURNE, FL
Melbourne FL is a city in Brevard County, southeast of Orlando on Florida’s east coast. Melbourne is the economic engine of Brevard County and is a hub for high-tech and aerospace industriesl. It is located midway between Jacksonville and Miami. As this city lies along the Indian River Lagoon, it is loved by those who enjoy its quiet beauty. On the other side of the river a portion of the city lies on a barrier island with many beach park. Melbourne has an international airport and is located on a major interstate with easy access to Orlando and its attractions, Kennedy Space Center and beyond.
Melbourne, FL 1-Mi 3Mi 5Mi Total Population 9,950 73,140 133,591 2014 Avg. Household Income $45,860 $52,958 $53,893
INTERIOR
FRESENIUS MELBOURNE, FL
Actual Property
OFFERED BY:
JOHN LEE – Senior Advisor 646-837-6509 or 917-774-8812 [email protected]
ACTUAL PROPERTY
FRESENIUS MEDICAL CARE MELBOURNE, FLORIDA (PALM BAY – MSA), FLORIDA (ONLY 70 MILES TO ORLANDO AND 170 MILES TO MIAMI)
Dennis Havril – Senior Advisor 925-263-2088 / 925-497-6342 [email protected]
Dan Lem - Principal 415-385-7381 [email protected]
CONTACT:
