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127 Lichfield Blvd
Fredericksburg, VA 22406

New Single-Tenant Fresenius | Washington, DC · Office Property For Sale

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
7,324 SF
Building Class
B
Year Built
2018
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,324 SF
Building FAR
0.14
Lot Size
1.22 AC
Zoning
B2- URBAN

About 127 Lichfield Blvd , Fredericksburg, VA 22406

The Fresenius Kidney Care in Fredericksburg, Virginia is a 2018 build-to-suit, 7,324 square foot kidney dialysis clinic that is 100% leased to Fresenius Kidney Care (FKC) via a new 15-year lease term. The lease structure includes attractive 1.7% annual rent increases throughout the primary term and option periods, and is guaranteed by Fresenius Medical Care Holdings, Inc. (FMCH) which has a net worth of $10.144 Billion. This new dialysis facility will provide best-in-class operations and customer service, housing 16 patient stations and 1 private station located in a separate room. Fredericksburg is part of the Washington metropolitan area, which is the 6th largest MSA in the United States, with a population exceeding 6.1 million. FKC Fredericksburg benefits from an excellent location off of Interstate 95 and Highway 17, surrounded by major national retailers, and is situated less than 5 miles from Mary Washington Hospital, a major facility with 451 beds. FKC Fredericksburg is positioned adjacent to a prime signalized intersection with each corner occupied by WaWa (adjacent to subject property), Starbucks, CVS, and the U.S. Post Office. Additional prominent tenants located within 1.5 miles on Highway 17 include Target, Lowe’s Home Improvement, Panera Bread, Chipotle, McDonald’s, Chick-Fil-A, Rite Aid, Goodyear, Wells Fargo, 7-Eleven, Enterprise Rent-A-Car, Holiday Inn, Comfort Suites, and more. Virginia is a Certificate of Need (CON) state for health care, which creates barriers to entry in this market for any competing dialysis services. CON laws are designed to contain healthcare facility costs and allow coordinated planning of new services and construction of heal care facilities, and are one mechanism by which state governments reduce overall health and medical costs.

PROPERTY TAXES

  • Listing ID: 11341466

  • Date on Market: 1/23/2018

  • Last Updated:

  • Address: 127 Lichfield Blvd, Fredericksburg, VA 22406