For Sale
$2,924,000 | 7.50% Cap
139 Javit Court, Austintown, OH 44515
New OM Download
New OM Download
Broker of Record: Brian Brockman | Bang Realty, Inc. | OH License #: BRK.2009000214
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 10,505 Square Feet |
3 Years | $219,316 |
Investment Highlights
- 21 Stations Operating 6 Days a Week
- 2.00% Annual Escalations
- 23-Year Tenant History
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 10,505 Square Feet |
3 Years | $219,316 |
Overview
Peranich Huffman Net Lease Group is pleased to exclusively present Fresenius Medical Care, located at 139 Javit Court, Austintown, OH. This offering provides investors the opportunity to acquire a property that is home to a national medical tenant, in a well-established business district. The ±10,505 SF dialysis facility is situated directly west of the largest city in and county seat of Mahoning County and is the only dialysis center within a 3-mile radius, benefiting from a consistent patient base.
Lease
The property is leased to Fresenius Medical Care under a long-term agreement most recently extended through November 30, 2028. The lease features a modified gross structure with an annual base rent of $240,459 ($22.89/SF), which increases by 2% annually. Two (2) additional renewal options remain, each for 5 years at Fair Market Value. Fresenius is responsible for occupancy-related expenses, minimizing landlord obligations.
Tenant
Fresenius Medical Care Holdings, Inc. (S&P: “BB+”) is the largest provider of kidney dialysis services in the U.S., operating 2,500+ clinics nationwide and serving over 200,000 patients annually. The company reported FY 2024 revenue of $20B+ and employs more than 120,000 people worldwide. Fresenius’ scale, medical expertise, and entrenched patient demand provide durable credit strength and income stability for investors.