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STNL Fresenius(S&P BBB-) 11.75 Yrs. Term 1000 New Stone Ridge Rd 6,387 SF Office Building Ripley, WV 25271 $3,220,836 CAD ($504.28 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Long-Term (11.75 yrs. Left) Absolute NNN Lease with Corporately Backed, Single-Tenant Medical Necessity Location, Fresenius Medical Care
- Recession/Internet Proof Essential Care Provider with Next Closest Dialysis Care Center 30 Miles Away
- Convenient Location Directly off of I-77, Surrounded by Other Medical(Jackson General Hospital Less 1 Mile), Retailers, Restaurants & Schools
- Investment Grade S&P “BBB-“ Tenant with Over 3,600 Locations Serving Approximately 300,000 Patients Worldwide
- Annual Rental Increases Based for Continual Income Growth—Perfect Asset for 1031 Buyer! | No Management Responsibilities: Tenant Directly Responsible
- Ideal Demographics with Average Household Incomes of Approximately $88,000 Within a 5-Mile Radius & 35,000 Vehicles Per Day at Interchange Exit
Executive Summary
• Long-Term (11.75 yrs. Term) Absolute NNN Lease with Corporately Backed, Single-Tenant Medical Necessity Location, Fresenius Medical Care
• Investment Grade S&P “BBB-“ Tenant with Over 3,600 Locations Serving Approximately 300,000 Patients Worldwide
• Recession/Internet Proof Essential Care Provider with Next Closest Dialysis Care Center 30 Miles Away
• Annual Rental Increases Based for Continual Income Growth—Perfect Asset for 1031 Buyer!
• No Management Responsibilities: Tenant Directly Responsible for All Daily Management, Real Estate Taxes and Insurance
• Convenient Location Directly off of I-77, Surrounded by Other Favorable Medical Users (Jackson General Hospital), Retailers (Walmart & Kroger), Restaurants, and Schools, with Traffic Nearing 35,000 Vehicles Per Day at Interchange Exit
• Ideal Demographics with Average Household Incomes of Approximately $88,000 Within a 5-Mile Radius
• Direct Vicinity (Less than 1 Mile) of Jackson General Hospital, a Critical Access Hospital with Approximately 200+ Employees Providing Comprehensive Care & a Stable Healthcare Employment Base to the Region
• Strong Employment Base Anchored by Constellium (1,100 Employees) and Appalachian Power (Approx. 100 Employees), Supported by a Diverse Mix of Manufacturing, Energy, Healthcare, and Education Employers
• Advantageous Location with Easy Commutes to Charleston, the State Capital (~38 Miles), & Parkersburg, WV (~35 Miles): Additional Employment, Major Attractions and Airports in Each City
• County Seat Offering Below-National Cost of Living, Supporting Long-Term Affordability and Stability
• Investment Grade S&P “BBB-“ Tenant with Over 3,600 Locations Serving Approximately 300,000 Patients Worldwide
• Recession/Internet Proof Essential Care Provider with Next Closest Dialysis Care Center 30 Miles Away
• Annual Rental Increases Based for Continual Income Growth—Perfect Asset for 1031 Buyer!
• No Management Responsibilities: Tenant Directly Responsible for All Daily Management, Real Estate Taxes and Insurance
• Convenient Location Directly off of I-77, Surrounded by Other Favorable Medical Users (Jackson General Hospital), Retailers (Walmart & Kroger), Restaurants, and Schools, with Traffic Nearing 35,000 Vehicles Per Day at Interchange Exit
• Ideal Demographics with Average Household Incomes of Approximately $88,000 Within a 5-Mile Radius
• Direct Vicinity (Less than 1 Mile) of Jackson General Hospital, a Critical Access Hospital with Approximately 200+ Employees Providing Comprehensive Care & a Stable Healthcare Employment Base to the Region
• Strong Employment Base Anchored by Constellium (1,100 Employees) and Appalachian Power (Approx. 100 Employees), Supported by a Diverse Mix of Manufacturing, Energy, Healthcare, and Education Employers
• Advantageous Location with Easy Commutes to Charleston, the State Capital (~38 Miles), & Parkersburg, WV (~35 Miles): Additional Employment, Major Attractions and Airports in Each City
• County Seat Offering Below-National Cost of Living, Supporting Long-Term Affordability and Stability
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
6,387 SF
Building Class
B
Year Built
2007
Price
$3,220,836 CAD
Price Per SF
$504.28 CAD
Cap Rate
6.25%
NOI
$201,302 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,387 SF
Building FAR
0.11
Lot Size
1.30 AC
Amenities
- Food Service
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Fresenius (S&B "BBB-") Medical Care
- -
- 6,387 SF
- -
- Triple Net
- Jan 2038
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Fresenius (S&B "BBB-") Medical Care | - | 6,387 SF | - | Triple Net | Jan 2038 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 05-11-00140000 | Improvements Assessment | $647,367 CAD |
| Land Assessment | $152,430 CAD | Total Assessment | $799,797 CAD |
Property Taxes
Parcel Number
05-11-00140000
Land Assessment
$152,430 CAD
Improvements Assessment
$647,367 CAD
Total Assessment
$799,797 CAD
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STNL Fresenius(S&P BBB-) 11.75 Yrs. Term | 1000 New Stone Ridge Rd
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