Fresenius Medical Care: Prattville, AL (Montgomery MSA)
RARE 20-YEAR (17 YEARS REMAINING) ORIGINAL LEASE TERM WITH ANNUAL CPI INCREASES
20-year (17-years remaining) Absolute NNN lease with annual CPI rent increases (1% floor, 2% max). There are an additional three, 5-Year Renewal Option Periods.
ABSOLUTE NNN LEASE
Unlike the standard dialysis center leases with significant Landlord responsibilities (such as roof, structure, parking lot and HVAC replacement), the Subject Property has an absolute NNN lease structure that provides an investor with a long-term, passive income stream with no landlord maintenance responsibilities whatsoever. (See Market Lease Comparison)
WELL-ESTABLISHED LOCATION IN AFFLUENT AREA
Fresenius has an 11-year operational history at this location situated three miles east of Prattville Baptist Hospital, a 107-bed acute care community hospital. The property is located in an affluent community with an average household income of $89,872 within a one-mile radius.
INVESTMENT GRADE LEASE GUARANTOR
Fresenius Medical Care Holdings, Inc., the Guarantor under the Lease, carries an Investment Grade Credit Rating of “BBB/Stable” from S&P and “Baa3/Stable” from Moody’s.
FRESENIUS MEDICAL CARE CORPORATE LEASE(1)
• Fresenius Medical Care reported $18.03 Billion in revenue (TTM Q3 2020) and a net worth of $13.2 Billion (2019)
• Fresenius Medical Care is the world’s largest provider of products and services for individuals with renal diseases of
which approximately 3.5 Million patients worldwide regularly undergo dialysis treatment
• Fresenius Medical Care performed 52 Million dialysis treatments in 2019
• Every 0.6 seconds Fresenius Medical Care provides a dialysis treatment (2019)
• Fresenius Medical Care serves 349,000 patients in more than 50 countries across 4,000 clinics
(1) All financial data shown above is for Fresenius Medical Care, which does not guarantee the Lease. Lease is guaranteed by the U.S. entity, Fresenius Medical Care Holdings, Inc., which carries an investment grade credit rating of “BBB/Stable” from S&P and “Baa3/Stable” from Moody’s.
Sources: www.freseniusmedicalcare.com, Yahoo Finance, Standard & Poor’s, Moody’s.
AL Broker of Record: Eddie Greenhalgh
License: 00008-8298
