FRESENIUS MEDICAL CENTER1276 Kitson Street, Sturgis, MI 49091

FICUS TREE PARTNERS

FICUS TREE PARTNERS

Confidentiality and Disclaimer: The information contained in the Marketing Brochure is confidential. Without written prior consent from the seller, the party receiving the information is the only party to be able to review this document. The information contained within this marketing material is unverified and only intended to establish interest from a potential purchaser. The information contained herein is not intended to replace the due diligence process. The final purchaser should verify information including but not limited to: income, expenses, future financial performance, size and square footage of the property and improvements, presence or absence of PCB and or Asbestos, Federal and State regulations, financial condition and businesses of the tenant. The information contained herein is unverified. All potential buyers should take appropriate measures to verify this information. By accepting this marketing brochure, the accepting party agrees to hold harmless the producer of this material from any kind of claim, cost, expense or liability arising from the due diligence process and/or purchase of this property.

Confidentiality & Disclaimer

FICUS TREE PARTNERS

1. Executive Summary2. Investment Overview3. Tenant Profile4. Regional / Local Map5. Property Photos6. Detailed Property and Lease Summary

Table of Contents

Fresenius Medical Center

FICUS TREE PARTNERS

Offering Memorandum

Price: $1,120,690

Net Operating Income: $82,875

Cap Rate: 7.39%

Price / SF: $172.41

Rent / SF: $12.75

Gross Leasable Area: 6500 square feet

Year Built: 2008

Term Remaining: 7.25 years of Firm Term through 9/1/2026

Options: 3 (5 year) Options

2% Annual Increases.

* Rent Abatement will be credited on closing Statement

Executive Summary

Fresenius Medical Center

FICUS TREE PARTNERS

Offering Memorandum

Ficus Tree Partners is proud to present 1276 Kitson Street Sturgis, MI. The building is 6500 square feet and purpose built in 2008. The building carries a corporate guarantee from Fresenius Medical Care Holdings, Inc. (S&P BBB-)

The site has 12 chairs and has built the patient census and is currently open for 3 shifts on 3 days a week. The tenant has excelled at the location and renewed the lease early for 7.3 years of firm term remaining with 3, 5 year options.

Sturgis is a town in Michigan 1 hours south of Kalamazoo, MI with a population within a 10 mile radius of the center of 34,300 people. The town is located just off the Michigan-Indiana Border.

Investment Overview

Fresenius Medical Center

FICUS TREE PARTNERS

Offering Memorandum

Fresenius Medical Care is the world’s largest provider of dialysis services. Fresenius Medical Care provides coordinated care to chronically ill patients with end-stage renal disease at thousands of care points throughout the United States and the world. There are over 2,200 Fresenius dialysis centers in the United States, and the company serves more than 180,000 patients in the United States alone. Fresenius is headquartered in Bad Homberg, Germany and has over $17.9 billion in annual revenue. The lease in Sturgis, MI is signed by Bio-Medical Applications of Michigan, Inc but guaranteed by the parent company: Fresenius Medical Care Holdings, Inc. (S&P BBB-)

Tenant Profile

Fresenius Medical Center

FICUS TREE PARTNERS

Offering Memorandum

Fresenius Medical Center

FICUS TREE PARTNERS

Offering Memorandum

Fresenius Medical Center

FICUS TREE PARTNERS

Offering Memorandum

1276 Kitson St. Sturgis, MI 49091$1,120,690

7.25%$172.41

20086500 sf

CommercialFee Simple

Fresenius Corporate Guarantee2% annual (see rent schedule no increase in 2021)

NN5/12/20088/31/2026 18 years7.3 years

Three 5 year optionsRoof/Structure/Parking

RE tax/Ins/HVAC

THE OFFERING

Address PriceCap Rate 7.39 Price / SF

PROPERTY DESCRIPTION

Year BuiltGross Leasable AreaZoningType of Ownership

LEASE SUMMARY

TenantRent Increases Lease TypeLease CommencementLease ExpirationLease TermTime Remaining on LeaseRenewal OptionsLandlord ResponsibilityTenant Responsibility

RENT SCHEDULE

Year Annual Rent Monthly Rent Rent/SF

2020 $82,875 $6906.25 $12.752021 $82,875* $6906.25 $12.752022 $84,565* $7,047.08 $13.012023 $86,255* $7,187.92 $13.272024 $88,010* $7,334.17 $13.542025 $89,765* $7480.42 $13.81

*2021-2026, 1 month rent abatement to be credited at closing. *Rent Increases on September 1st of every year*2% annual Increases*Tenant has right of first refusal