Fresenius Medical Care – OKC

$150,000 Minimum Investment

 Current Yield: 5.00%

NNN Lease – 15 years

Property Info

Tenant: Fresenius Medical Care
Address: 7201 Cherokee Plaza Oklahoma City, OK
Year Build: 2018
Total Sq Ft.: 13,628
Property Type: Single Tenant, Freestanding
Ownership Type: TIC
Non-Accredited Investors: Yes
Minimum Investment: $150,000

Oklahoma TIC Property

Fresenius Medical Care is the world’s leading provider of services for those with chronic kidney failure. Worldwide, more than 2.5 million patients with this disease regularly undergo dialysis therapy, a vital blood cleansing procedure that substitutes the function of the kidney in the case of kidney failure. Their 3700+ facilities provide this critical care in communities, like Oklahoma City, all over the world. One of the more appealing aspects of this lease is that Fresenius Medical Care pays directly or reimburses all of the taxes, insurance premiums and maintenance costs of the building. Fresenius pays the Tenant’s share of the operating expenses incurred by the Landlord during the term of the lease. Therefore, the tenant-in-common co-owners have very few active management duties rendering this triple-net lease property a passive, hassle-free, real estate investment. Browse TIC Properties >>>

Tenant Info

Tenant: Fresenius Medical Care
Revenues: $17.9 billion
No. of Locations: 3,714
Website: fmcna.com

Lease Info

Type: NN
Term: 15 years
Corp. Guaranteed Lease: Yes
Rent Commencement: December 2017
Lease Expiration: December 2032
Owner Responsibility: Roof, Structure, Parking Lot
Tenant Responsibility: Taxes, Insurance, Utilities, Maintenance
Current Annual Rent: $311,672
Rent Escalations: 10% every five years
Renewal Options: (3) 5-year renewal options

Demographics

Location: Oklahoma City, OK
Population: 579,999
Population Over Age 65: 11.7%