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1031 S Madison St
Tupelo, MS 38801

Fresenius Medical Care · Office Property For Sale

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
13,535 SF
Building Class
B
Year Built/Renovated
1998/2018
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,535 SF
Building FAR
0.13
Lot Size
2.41 AC
Zoning
COMM

About 1031 S Madison St , Tupelo, MS 38801

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 14 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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
113E-06-052-02
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$781,919
  • Listing ID: 15607242

  • Date on Market: 4/2/2019

  • Last Updated:

  • Address: 1031 S Madison St, Tupelo, MS 38801

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