For Sale

Fresenius Medical Care  |  Vivian, LA

$2,117,000  |  6.70% Cap

1010 South Spruce Street, Vivian, LA 71082

A white building with a blue awning and the word davita on it

New OM Download

Exclusively Listed By:


Jonathan Peranich


(832) 602-3383 | jonathan@phnlg.com


Broker of Record: Jeremy Halback | Bridgeline Real Estate LLC | LA License #: BROK.995719471-CORP

Facility Type Building Area (SF) Years Remaining Net Operating Income
Single Tenant

5,211 Square Feet

 		7 Years $145,882

Investment Highlights

 

Upcoming Rent Increase

The Fresenius Medical Care lease provides for base rental rate escalations of 10% every 5 years, with the next increase occurring in June of 2028.


Minimal Landlord Responsibilities

The tenant is responsible for all expenses relating to property taxes, utilities, insurance premiums, landscaping & janitorial services, as well as the repair and maintenance of the parking lot, HVAC units, and all interior portions of the premises.


Corporately Guaranteed

The Fresenius Medical Care lease is backed by a corporate guarantee from Fresenius’ parent company, Fresenius Medical Care Holdings, Inc., the world’s leading provider of products and services for individuals with chronic kidney failure, serving over 345,000 patients through a global network of 4,000+ dialysis clinics.


Proximity to Hospital

The clinic features an exceptionally rare location, situated on the North Caddo Hospital campus, the only hospital within a 30-mile radius of the subject property. North Caddo concentrates on over 20 practice specialties, including a 24/7 Emergency Department & Outpatient Surgery Center. Furthermore, this Fresenius location is the sole dialysis provider within a 30+ minute drive time.


 

A white building with a blue awning and the word davita on it
Facility Type Building Area (SF) Years Remaining Net Operating Income
Single Tenant

5,211 Square Feet

 		7 Years $145,882
Fresenius dialysis brick building with blue awning and signs, viewed from a parking lot under a clear sky
Fresenius Kidney Care building in Louisiana with a white awning, green-trimmed windows, and a sign by the entrance on a sunny day
Fresenius Medical Care building and North Caddo Medical Center building
Fresenius floor plan showing a treatment area in teal and blue, with rooms labeled waiting room, reception, and exam rooms

Overview

Peranich Huffman Net Lease Group is pleased to offer for sale, the Fresenius Medical Care of Vivian, LA. Built in 2018, the 5,211 SF, single-tenant dialysis facility is offered at a 6.70% capitalization rate. The offering provides an investor with the opportunity to acquire a property that is home to a national medical tenant that exemplifies a reputation of consistency for both patients and the real estate investment community.


Lease Term

Fresenius Medical Care has occupied the single tenant dialysis facility since its completion in 2018. With 7 years of lease term remaining, the corporately guaranteed lease provides for rent escalations of 10% every 5 years and (3) 5-year renewal options.


Leasehold Interest

The property is subject to a long-term 100-year ground lease with the neighboring North Caddo Hospital, whereas Fresenius is solely responsible for all ground lease rent payments and operating expenses; thus, the new owner Is not responsible for the payment of the ground lease’s rent.


Investment Grade Tenant

Fresenius Medical Care is the largest provider of renal care in both the United States and across the world. Fresenius has a net worth of $22.5+ billion and holds S&P’s Investment Grade credit rating of “BBB Stable”. Through its network of 4,000+ dialysis clinics, Fresenius Medical Care provides dialysis treatments for 348,000 patients globally.