Fresenius Medical Care – Utah

$150,000 Minimum Investment

5.00% CAP Rate

1.7% Annual Rent Increases

Property Info

Tenant: Fresenius Medical Care
Address: 1735 West 2700 North Farr West, UT
Year Build: 2016
Total Sq Ft.: 7,256
Property Type: Single Tenant, Freestanding
Ownership Type: TIC
Minimum Investment: $150,000

Utah TIC Property

Fresenius Medical Care is the leading service provider for those suffering with chronic kidney failure. Over a quarter million Fresenius patients regularly visit undergo dialysis therapy, a vital blood cleansing procedure that substitutes the function of the kidney in the case of kidney failure. One of attractive attributes of this tenant-in-common investment is that Fresenius Medical Care either pays all of the taxes, insurance premiums and maintenance costs of the building. Fresenius reimburses the Tenant’s share of the operating expenses incurred by the Landlord during the term of the lease. The result is a very passive role for tenant-in-common co-owners and  very few active management duties.

Farr West is a suburb of the thriving Ogden, Utah Metropolitan Area. Ogden is located at the North end of Utah’s Watch Front region.  The Wasatch Front  is home to 2.5 million residents and roughly 80% of Utah’s population. Ogden is a regional economic hub for northern Utah. Residents enjoy a very high quality of life and a relatively low cost of living. Ogden is also home to Ogden-Weber Applied Technology College, Stevens-Henager College, and Weber State University. Forbes Magazine recently named the area as one of the “best places for business and careers” and “best cities for raising a family.” 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 2016
Lease Expiration: December 2031
Owner Responsibility: Roof, Structure, Parking Lot
Tenant Responsibility: Taxes, Insurance, Utilities, Maintenance
Current Annual Rent: $312,658
Rent Escalations: 1.7% Annual Increases
Renewal Options: (3) 5-year renewal options

Demographics

Location: Farr West, UT
Population (of Greater Ogden): 84,316
Population Over Age 65: 10%