Fresenius Medical Care - Lee County

1031 South madison St Tupelo, MS 38801

1031 South madison St, Tupelo, MS, 38801
1031 South madison St, Tupelo, MS, 38801
FOR SALE
Property Type:
Medical/Healthcare
Amount:
$4,931,042
Last Verified:
Apr 23, 2019

Highlights

  • * Fourteen Years Remaining on Initial Fifteen Year Double Net Lease
  • * As of 2016, the State of Mississippi Ranked Number One in the United States
  • for Kidney Disease Mortality
  • * Full Corporate Guarantee of Fresenius Medical Care Holdings Inc.
  • * NN Lease Structure | Very Limited Landlord Responsibilities
  • * Located within a Certificate of Need State for Renal Failure | Only one of
  • Twelve States in the Country
  • * Located Across the Street from the North Mississippi Medical Center | A 650-
  • Bed Regional Hospital Considered the Largest Non-Metropolitan Hospital in
  • America
  • * Annual Rental Increases of 1.7% | Three, Five-Year Renewal Options

Description

Cook & Associates Real Estate Advisors are pleased to present the Fresenius Medical Care clinic located in Tupelo, Mississippi. The subject property is a single tenant, 13,535 sq. ft, complete gut-remodel facility for Fresenius in 2018. This investment offers just under fourteen years of lease term, with 1.7% annual rental increases and a full corporate parent guarantee.

Fresenius Medical Care – Lee County is ideally located within the State of Mississippi, which is only one of twelve states in the country that require a Certificate of Need for renal care facilities. This government requirement limits competition among dialysis providers and grants operation approval based strictly on the demographic needs for the services of the tenant. For the tenant, this encourages stronger commitment to a location. For the investor, this provides an extra layer of security to the investment.

* Fourteen Years Remaining on Initial Fifteen Year Double Net Lease
* As of 2016, the State of Mississippi Ranked Number One in the United States
for Kidney Disease Mortality
* Full Corporate Guarantee of Fresenius Medical Care Holdings Inc.
* NN Lease Structure | Very Limited Landlord Responsibilities
* Located within a Certificate of Need State for Renal Failure | Only one of
Twelve States in the Country
* Located Across the Street from the North Mississippi Medical Center | A 650-
Bed Regional Hospital Considered the Largest Non-Metropolitan Hospital in
America
* Annual Rental Increases of 1.7% | Three, Five-Year Renewal Options


Year Built: 1988
Building Size: 13535.0sq ft
Building Class: B
Lot Size: 1.81 acres

Map of 1031 South madison St, Tupelo, MS, 38801

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