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Fresenius Medical Care 783 New Highway 68

9,506 SF Office Building Sweetwater, TN 37874 £2,332,667 (£245/SF) 6.25% Net Initial Yield

Investment Highlights

  • 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.
  • 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-

Executive Summary

LONG TERM COMMITMENT WITH NO LANDLORD RESPONSIBILITIES: Absolute NNN lease structure over 9 years plus extensions remaining with no landlord responsibilities providing passive ownership.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,506 SF
Building Class
B
Year Built
2009
Price
£2,332,667
Price Per SF
£245
Net Initial Yield
6.25%
NOI
£145,792
Tenancy
Single
Number of Floors
1
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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PROPERTY TAXES

Parcel Number 033B-A-003.01 Improvements Assessment £309,623
Land Assessment £67,677 Total Assessment £377,300

PROPERTY TAXES

Parcel Number
033B-A-003.01
Land Assessment
£67,677
Improvements Assessment
£309,623
Total Assessment
£377,300
(561) 789-5504

Contacts

  • Listing ID: 34107755

  • Date on Market: 06/12/2024

  • Last Updated:

  • Address: 783 New Highway 68, Sweetwater, TN 37874

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783 New Highway 68, Sweetwater, TN for sale Building Photo- Image 1 of 6
Fresenius - website
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© 2024 CoStar Group

Fresenius Medical Care | 783 New Highway 68
(561) 789-5504 x

Fresenius Medical Care | 783 New Highway 68

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Jordan Koeppel

(561) 789-5504

(561) 789-5504

Connor Shell

(407) 913-9009

(407) 913-9009

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