Total Lot Size: 1.44 Acres Years Remaining: 6.6 Cap Rate: 4.50% Year Built: 1987
Corporate Backed Lease With Credit Tenant
Essential Business – Recession, Pandemic and E-commerce Proof
30+ Years Operating History Out of This Location
2.5% Annual Increases with a 7% Annual Increase on 9/1/2024 and 3% Annual Increases in the Option Periods
Exercised Most Recent 5 Year Option Early
Marcus & Millichap is pleased to present Fresenius Kidney Care, a truly rare investment opportunity for an investor to purchase a property with a proven track record of success in the market of Knoxville, TN. This is a corporate backed lease with a credit tenant. Additionally, this property is an essential business making it a recession, pandemic, and e-commerce proof concept. This tenant also has 30+ years of operating as this location and exercised the most recent 5 year option early showing their commitment to this site. This prime property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.