For Sale
$2,070,000 | 7.50% Cap
5348 Flanders Dr, Baton Rouge, LA 70808
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Broker of Record: Beau J. Box | Beau Box Commercial Real Estate | LA License #: 72286.A-ACT
Investment Highlights
Proximity To Hospital
The subject property benefits from its close proximity to Our Lady of the Lake Regional Medical Center, the largest hospital in the region and a major healthcare hub in Baton Rouge. This strategic location enhances patient accessibility and strengthens the property's long-term viability as a medical facility.
Lease Guarantee
The lease is backed by a guarantee from National Medical Care, Inc., a wholly-owned subsidiary of Fresenius Medical Care Holdings, Inc. (S&P: BBB- Stable).
Population Density & Household Income
The subject property is positioned in a densely populated area of Louisiana, with 256,000+ residents with an average household income of $122,000+ within the 70808 zip code.
Tenant History
Fresenius Medical Care has operated at the subject property's location for over 43 years, reflecting a long-standing commitment to serving the Baton Rouge community. This proven operating history underscores the tenant’s stability and long-term performance.
Early Lease Extension
Demonstrating a commitment to the location, Fresenius Medical Care executed an early 5-year lease extension in 2022, which commenced in 2024. Currently, Fresenius has 4 years of lease term remaining.
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 7,540 Square Feet |
4 Years | $155,324 |
Investment Overview
Peranich Huffman Net Lease Group is pleased to exclusively present for sale, the Fresenius Medical Care located in Baton Rouge, LA. Priced at a 7.50% capitalization rate, the offering presents investors with the opportunity to acquire a property leased to a reputable national medical provider with a proven history of kidney disease treatment delivery and stability as a tenant. The 7,540 square-foot Fresenius Medical Care is positioned in a densely populated area of Louisiana with 256,000+ residents living within a five-mile radius of the subject property.
Lease
Executing an early lease extension in 2022, Fresenius Medical Care has 4 years of lease term remaining. Additionally, Fresenius Medical Care has (3) 5-year renewal options available accompanied by fair market value rent adjustments upon the commencement of each renewal option. Under the lease agreement's net structure, the tenant is financial responsible for HVAC expenses (up to $500), the interior, insurance, property taxes, utilities, and waste management, while the landlord is responsible for the structure, roof, parking area and HVAC expenses exceeding $500.
Tenant
Fresenius Medical Care is the global leader in dialysis services and products, serving approximately 3.9 million patients with kidney disease worldwide. The company operates over 4,000 dialysis clinics across the U.S., making it the nation's largest dialysis provider. With a market value exceeding $22.5 billion and an S&P "BBB- (Stable)" investment grade rating, Fresenius delivers essential blood cleansing treatments that replace kidney function for patients experiencing renal failure.