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Fresenius Medical Care of Talladega Leasehold 717 Stone Ave 7,536 SF Office Building Talladega, AL 35160 $2,441,230 CAD ($323.94 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Leasehold Opportunity - On Campus Built-to-Suit Fresenius Dialysis Clinic (2004)
- Ground Lease Through July 31, 2033 | Purchaser holds the absolute right to renew the ground lease for two additional 15-year terms
- Alabama requires a Certificate of Need (CON) for dialysis centers, limiting competition and supporting tenant retention
- Long-Term Operating History | Fresenius recently executed a 7-year extension; lease now runs through August 31, 2033
- NNN Leasehold Structure
- Leasehold structure allows for depreciation of nearly the entire ownership basis, offering investors a meaningful tax benefit
Executive Summary
The 7,536 SF facility was built-to-suit for Fresenius in 2004. Fresenius recently signed a 7-year lease extension, securing the term through August 31, 2033. The lease features 2% annual rental increases and two additional five-year renewal options. The ground lease runs through July 31, 2033, with two 15-year renewal options.
Located on the campus of Citizens Baptist Medical Center (Orlando Heath), a 122-bed acute care hospital, this mission-critical facility offers investors stable cash flow, annual rental growth, and a long-term commitment from the world’s leading dialysis provider.
Purchaser holds the absolute right to renew the ground lease for two additional 15-year terms exercisable by written notice prior to February 1, 2033.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
Fresenius Kidney Care traces its origins to 1912 when Dr. Eduard Fresenius established the parent company in Germany. The organization became a global leader in dialysis services after merging with National Medical Care in 1996. Today, it operates thousands of dialysis clinics worldwide while producing essential equipment like dialysis machines and dialyzers. The company provides both in-center hemodialysis and home dialysis options through its extensive network. Fresenius remains focused on delivering comprehensive kidney care solutions across the entire value chain.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Property Taxes
| Parcel Number | 13-07-26-2-007-001.800 | Improvements Assessment | $187,974 CAD |
| Land Assessment | $0 CAD | Total Assessment | $187,974 CAD |
Property Taxes
Presented by
Fresenius Medical Care of Talladega Leasehold | 717 Stone Ave
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