122 Hospital Dr
Tarboro, NC 27886

INVESTMENT OVERVIEW. Peranich Huffman Net Lease Group is pleased to offer for sale, the single-tenant net leased Fresenius Medical Care of Tarboro, NC. Built to suit in 2017, the 10,984 square foot, freestanding facility consists of a 10 station dialysis clinic AND a home therapy unit, both of which operate six days a week. LEASE TERM. Fresenius signed a 15-year lease for the dialysis clinic (12.5 years remaining) and a 12-year lease for the home unit (10.5 years remaining). Additionally, the lease provides for a 10% increase in base rent every five years, along with three 5-Year option periods at fair market value. The lease term, and all option periods, are backed by a Corporate Guarantee from Fresenius’ parent company Fresenius Medical Care Holdings, Inc. ABOUT THE TENANT. The Lessee, Bio-Medical Applications of North Carolina is a wholly owned subsidiary of Fresenius Medical Care, the largest provider of renal care in both the United States and across the world. Fresenius delivers services to patients with chronic kidney failure and end stage renal disease. 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 Tenant is responsible for all expenses relating to property taxes, utilities, insurance premiums, and all interior portions of the premises. The Tenant also reimburses Landlord for costs associated with the repair and replacement of the HVAC, parking lot repairs, landscaping and other common area expenses. The Landlord is responsible for capital expenditures resulting from the replacement of the roof, structure and parking lot.