127 Lichfield Blvd
Fredericksburg, VA 22406
New Single-Tenant Fresenius | Washington, DC · Office Property For Sale
PROPERTY FACTS
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
Parcel Number | 44-101J | Improvements Assessment | $1,400,100 |
Land Assessment | $798,500 | Total Assessment | $2,198,600 |
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Listing ID: 11341466
Date on Market: 1/23/2018
Last Updated:
Address: 127 Lichfield Blvd, Fredericksburg, VA 22406
The Office Property at 127 Lichfield Blvd, Fredericksburg, VA 22406 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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