Fresenius Medical Care

-Offering Peranich Huffman Net Lease Group is pleased to offer for sale, the Fresenius Medical Care located in Raleigh, NC. Priced at a 6.00% capitalization rate, the offering provides an investor with the opportunity to acquire a medical asset that is occupied by a multi-national healthcare group with 128,000+ employees around the globe and annual sales exceeding $19 billion. Lease Scheduled to commence in April 2024, the Fresenius lease has 12 years of term remaining, accompanied by a 12% rent escalation in year 6. Fresenius has the option to renew the lease for (3) 5-year periods at a rate of the lesser of fair market value or 110% of the rent from the final year of the prior term, provided that rent cannot decrease. Tenant Fresenius Medical Care is the largest provider of renal care in both the United States and across the world. Fresenius operates in 50+ countries and holds S&P’s Investment Grade credit rating of “BBB-”. Through its network of 4,100+ dialysis clinics, Fresenius Medical Care provides dialysis treatments for 344,000 patients around the globe. Fresenius Medical Care's parent company, Fresenius Group, is Europe's largest private hospital operator with over 22 million annual patients.