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Rockwell Debt-Free Properties is pleased to present...
Fresenius Medical CareHouston, TX
Business ProfileFresenius Medical Care is the world's largest, integrated provider of products and services for individuals with chronic kidney failure, a condition that affects about 1,500,000 individuals worldwide. Through its network of 2,509 dialysis clinics in North America, Europe, Latin America and Asia-Pacific, Fresenius Medical Care provides dialysis treatment to 192,804 patients around the globe.
Fresenius Medical Care is also the world's largest provider of dialysis products, such as hemodialysis machines, dialyzers and related disposable products.
Houston, TX The city of Houston is the fourth largest city in the
United States, with over two million residents. The
10-county MSA has a population exceeding 5.2 million,
ranking seventh nationally. Of the 10 most populous
metro areas in the U.S., Houston ranks second in
employment growth rate and fourth in nominal
employment growth. In 2006, Forbes magazine ranked
Houston No. 1 in Texas and No. 3 nationally within the
Category of "Best Places for Business and Careers."
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| Tenant: | Fresenius Medical Care |
| Location: | 5435 Aldine Road
Houston, TX 77039 |
| Year Built: | 2009 |
| Total Sq. Ft.: | 10,062 sq. ft. |
| Property Type: | Single-tenant, stand alone, medical |
| Lease Type: | NNN-lease |
| Lease Term: | 12 year initial term, 12% bump in year seven, (3) Five-year renewal options 10% increase w/each option |
Total Annual Rent
Years 1-6: $200,736
Years 7-12: $224,824
Option 1: $247,306
Option 2: $272,037
Option 3: $299,240
Cap Rate
Years 1-6: 6.60%
Years 7-12: 7.40%
Option 1: 8.13%
Option 2: 8.94%
Option 3: 9.84% | |