Fresenius Medical Care | Washington, DC

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Investment Highlights

Early Lease Extension

Demonstrating a commitment to the location, Fresenius executed an early 5-year lease extension in 2024. Currently, Fresenius has 6.5+ years of lease term remaining.

Low Price Per Square Foot

The 18,962 square foot Fresenius Medical Care facility is currently leased at rate of $13.20 per square foot. This rate positions the asset significantly below comparable medical properties in the market, creating substantial upside potential for future rental growth.

Operational Performance

The 12-station Fresenius maintains extensive operating hours, spanning three shifts daily from 6:00am to 7:30pm, six days per week, indicating high patient demand and sustained treatment volumes.

Population Density & Household Income

The subject property is positioned in a densely populated area of Washington DC, with 770,000+ residents with an average household of $130,000+ within a 5-mile radius.

Corporately Guaranteed

The lease is backed by a corporate guarantee from Renal Advantages Inc., a wholly owned subsidiary of Fresenius.

Rent Escalations

The lease provides for rent escalations of 4.15% in 2026, and 3.64% in 2029. Additionally, 10% rent escalations occur at the start of each (2) 5-year option period.

Facility Type	Building Area (SF)	Years Remaining	Net Operating Income
Single Tenant	18,962 Square Feet	6.5 Years	$250,296

Investment Overview

Peranich Huffman Net Lease Group is pleased to exclusively present for sale, the Fresenius Medical Care located in Washington, D.C. Priced at a 7.35% 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 tenant stability and kidney disease treatment delivery. Renovated in 2011, the 18,962 square-foot Fresenius Medical Care is positioned in a densely populated area of our nation's capital with 770,000+ residents living within a five-mile radius of the subject property.

Lease

Executing an early extension in 2024, Fresenius Medical Care has over 6.5 years of lease term remaining. The lease provides for rent escalations of 4.15% in September of 2026, and 3.64% in September of 2029. Additionally, Fresenius Medical Care has (2) 5-year renewal options available with rent escalations of 10% in each option period. Under the lease agreement's net structure, the tenant is financial responsible for annual HVAC costs exceeding $1,500/per unit, the interior, parking lot, landscaping, insurance, property taxes, utilities, and waste management, while the landlord is responsible for the structure, roof, and up to $1,500 annually per HVAC unit repair/replacement.

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-" investment grade rating, Fresenius delivers essential blood cleansing treatments that replace kidney function for patients experiencing renal failure.