Fresenius Kidney Care

Tenant Description

Fresenius Medical Care is a dominant player in the United States dialysis market. They provide emotional, medical, dietary, financial, and well-being resources for patients with Chronic Kidney Care (CKD) and End Stage Renal Disease (ESRD). The North American headquarters are located in Waltham, MA.  Fresenius currently operates 3,500+ clinics worldwide and serves over 300,000 patients. Over 40 million treatments have been performed by Fresenius.

What To Look For When Buying A Fresenius

NN or NNN Deal (Most you will be responsible for Foo & Structure) Expensive to re-lease should the tenant leave

What We Like About Fresenius

Internet Proof Concept, Investment grade tenant, Difficult for them to relocate all the equipment if they want to leave, Corporate guaranteed, Proximity to hospitals and medical offices

Competition

Davita

What Is Sold In A Fresenius

Medical Services, Their services include in-center hemodialysis, at-home hemodialysis, at-home peritoneal dialysis, counseling and guidance for non-dialysis options, nutritional counseling, as well as patient training and education classes.

Fresenius Website

https://fmcna.com/

Corporate Office Location

920 Winter St – Waltham, MA 02451

Fast Facts

The world’s largest integrated provider of products and services for individuals undergoing dialysis because of chronic kidney failure, a condition that affects more than 2.5 million individuals worldwide.

Fresenius Medical Care provides renal services to over 270,000 people annually worldwide through a network of over 3,400 facilities.

The Company employs over 104,000 individuals and maintains a U.S. Corporate Headquarters in Waltham, MA. North American Revenue accounts for over 66% of the total worldwide revenue generated by the company. In 2015, the parent company, Fresenius Medical Care, posted net revenues of $16.73 billion dollars.

Stock Price
Tenant News
Average Cap Rate Trend
6.25%
2019
6.00%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$3,800,000
Avg. Annual Rent$230,000
Avg. Price/SF$400/SF
Typical Lease TypeDouble Net
Typical Lease Term15 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PBBB-
Moody'sBaa3

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *