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For Sale
$1,150,000 | For Sale & Lease
5414 W Rolling Hills Dr, Bridgeport, MI 48722
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Broker of Record: Bob Morford | The Miller Group of Saginaw, Inc | MI License #: 6505275920
Investment Highlights
Low Price Per Square Foot - The Dark Fresenius of Bridgeport, MI is offered at the low price per square foot of $115/PSF.
Corporately Guaranteed - The Fresenius Medical Care lease is backed by a corporate guarantee from Fresenius’ parent company Fresenius Medical Care Holdings, Inc.
Minimal Landlord Responsibilities- The tenant is responsible for all expenses relating to the repair of the parking lot, repair and replacement of the HVAC, property taxes, utilities, insurance premiums, landscaping & janitorial services as well as all non-structural portions of the interior of the premises.
Guaranteed Income With Value-Add Potential- The 10,000 SF brick building is currently unoccupied; however, the tenant has been paying rent and fulfilling all obligations of the lease since commencement in 2008. A new owner will benefit from the guaranteed income stream, while having the opportunity to reposition the asset through reletting and/or obtaining an early lease buyout.
Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
---|---|---|---|
Single Tenant | 10,000 Square Feet |
1 Year | $179,685 |
Investment Overview - Peranich Huffman Net Lease Group is pleased to offer for sale & for lease, the Dark Fresenius Medical Care of Bridgeport, MI. Built in 2008, the 10,000 SF, single-tenant facility is offered at a 15.62% capitalization rate. The corporately guaranteed Fresenius lease has under one year of term remaining.
Value-Add With Stability - With under one year of primary term remaining, a potential investor will benefit from the guaranteed income stream, while having the opportunity to reposition the asset through reletting and/or obtaining an early lease buyout.
Net Lease Structure - The lease is structured on a net basis, whereby the tenant is responsible for all expenses relating to the repair of the parking lot, repair & replacement of the HVAC, property taxes, utilities, insurance premiums, landscaping & janitorial services as well as all non-structural portions of the interior of the premises. The landlord is responsible for the structure, replacement & repair of the roof and the replacement of the parking lot.
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-”. Through its network of 4,000+ dialysis clinics, Fresenius Medical Care provides dialysis treatments for 348,000 patients around the globe.
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