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4189 Veterans Memorial Dr
Batavia, NY 14020

Fresenius Medicare Care of Batavia, NY · Office Property For Sale

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
8,213 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,213 SF

About 4189 Veterans Memorial Dr , Batavia, NY 14020

INVESTMENT OVERVIEW. Peranich Huffman Net Lease Group is pleased to offer for sale on an exclusive basis, the single tenant net leased Fresenius Medical Care dialysis facility of Batavia, New York. Currently under construction, the brand new 8,213 square foot state-of-the-art facility consists of 16 hemodialysis stations, two home training chairs, and one isolation bay. LOCATION. Residing on an outparcel to a major shopping corridor, the property is located along Batavia’s most heavily trafficked thoroughfare, connecting the Buffalo and Rochester MSAs. With average traffic counts exceeding 36,000 vehicles per day, neighboring tenants include several national anchors including Home Depot, Wal-Mart, and Target. TERM & ESCALATIONS. The new 12-Year lease calls for 2.0% annual rent escalations throughout the initial term and all three 5-Year renewal option periods. TENANT & GUARANTOR. The property is leased on a long term, Corporately Guaranteed basis, backed by Fresenius’ parent company Fresenius Medical Care Holdings, Inc. (“FMCH”), the world largest dialysis service provider. Fresenius has a net worth exceeding $22.50 billion and currently holds S&P’s Investment Grade credit rating of “BBB Stable”. NET LEASE STRUCTURE. The lease is structured on a net basis, whereby the Landlord is solely responsible for the repair and replacement of the roof and structural components of the building. The Tenant is responsible for all costs pertaining to property taxes, insurance, parking lot repair and replacement, utilities, and common area maintenance expenses.

  • Listing ID: 13289223

  • Date on Market: 2018-07-25

  • Last Updated:

  • Address: 4189 Veterans Memorial Dr, Batavia, NY 14020

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