325 N Bluemound Dr

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, investment grade (S&P: BBB), corporate guaranteed, Fresenius Medical Care investment property located in Appleton, WI. The tenant, Bio-Medical Applications of Wisconsin, Inc. (DBA Fresenius Kidney Care Appleton), has 13 years of firm term remaining with 3 (5-year) option periods left to extend, demonstrating their commitment to the site. The lease features rare 1.70% annual rental increases throughout the initial term, followed by annual FMV increases throughout the options, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is NN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Founded in 1912, Fresenius Medical Care is the world’s largest provider of products and services for individuals with renal diseases.
Fresenius is strategically located near the signalized, hard corner intersection of College Avenue and Bluemound Drive, averaging a combined 36,000 vehicles passing by daily. The asset benefits from nearby access onto Interstate 41 (85,000 VPD), a 176-mile-long highway that connects the northern Chicago MSA, Milwaukee, and Green Bay, WI. Fresenius is ideally situated within Grand Plaza, a 60K+ Neighborhood Center, and is near Westhill Plaza (193K+ SF), Marketplace College Ave (247K+ SF), Fox River Mall (1.3M+ SF), and other major shopping centers. The surrounding national/credit tenants include The Home Depot, PetSmart, Best Buy, Target, Walmart Supercenter, and many others. Furthermore, the subject is near several senior living facilities including Visiting Angels, Linwood Community, Heartwood Senior Living, and others, providing a direct consumer base for the site. The 5-mile trade area is supported by over 139,000 residents and 95,400 daytime employees, with a healthy household income of $88,609.