For Sale
$2,906,000 | 6.80% Cap Rate
2429 Hickory Tree Road, Balch Springs, TX 75180
New OM Download
New OM Download
Broker of Record: | N/A |
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 7,385 Square Feet |
6.8 Years | $197,629 |
Investment Highlights
CORPORATELY GUARANTEED - Lease guaranteed by Fresenius Medical Care Holdings, Inc., the U.S. holding company of Fresenius Medical Care (NYSE: FMS), rated BBB- Stable by S&P.
10% RENT INCREASE | SEPT 2028 - Base rent increases 10% on September 1, 2028, and each of the three 5-year renewal options carries another 10% increase.
2018 BUILD-TO-SUIT CLINIC - Purpose-built for Fresenius in 2018. The tenant has operated at the site since rent commencement in August 2018.
LONG-TERM RENEWAL STRUCTURE - Three (3) 5-year renewal options extend potential occupancy to 2048, with option rent set at 110% of the prior year's rent.
LAKE JUNE RD | 24,094 VPD - One block north of the signalized Lake June Rd and Hickory Tree Rd intersection, less than a mile west of I-635 (169,528 VPD).
NO STATE INCOME TAX - Texas levies no state personal income tax. The site is in the Dallas-Fort Worth MSA, home to 8.48 million residents (2025).
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 7,385 Square Feet |
6.8 Years | $197,629 |
OVERVIEW - Peranich Huffman Net Lease Group is please to offer the single-tenant Fresenius Kidney Care dialysis clinic at 2429 Hickory Treey Road in Balch Springs, TX, at $2,906,000, a 6.80% cap rate on $197,629 of annual base rent. The 7,385 SF clinic was built for Fresenius in 2018.
NET LEASE STRUCTURE - Tenant pays real estate taxes directly, reimburses for CAM and insurance, and pays its own utilities. Landlord maintains and replaces the roof, foundation and structure and covers HVAC expenses exceeding $2,500.
LEASE TERM - Fresenius pays $197,629 annually ($16,469.04 monthly) through August 31, 2033. A 10% rent increase takes effect September 1, 2028, and the tenant has three 5-year renewal options, each at 110% of the prior year's rent.
CORPORATE GUARANTY - The lease is guaranteed by Fresenius Medical Care Holdings, Inc., the U.S. holding company of Fresenius Medical Care (NYSE: FMS), rated BBB- Stable by S&P.