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Fresenius Medical Care 783 New Highway 68

9,506 SF Office Building Sweetwater, TN 37874 $2,978,000 ($313/SF) 6.25% Cap Rate

Medical Offices Tennessee Sweetwater 783 New Highway 68, Sweetwater, TN 37874

Investment Highlights

  • Fresenius is a strong corporate tenant with over 2,600 dialysis centers nationwide and over 3 Billion in North American Revenue in 2023.
  • In close proximity to strong surrounding retail including Subway, Taco Bell, Domino’s, Walgreens and many more.
  • Situated on a major highway, US-68, the property benefits from high visibility and traffic. US- 68 sees over 15,000 VPD..
  • Fresenius is a publicly traded company (NYSE: FMS) with S&P Rating of BBB-

Executive Summary

LONG TERM COMMITMENT WITH NO LANDLORD RESPONSIBILITIES: Absolute NNN lease structure over 9 years plus extensions remaining with no landlord responsibilities providing passive ownership.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,506 SF
Building Class
B
Year Built
2009
Price
$2,978,000
Price Per SF
$313
Cap Rate
6.25%
NOI
$186,125
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,506 SF
Building FAR
0.19
Lot Size
1.17 AC
Zoning
Commercial
Parking
25 Spaces (2.63 Spaces per 1,000 SF Leased)
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PROPERTY TAXES

Parcel Number 033B-A-003.01 Improvements Assessment $395,280
Land Assessment $86,400 Total Assessment $481,680

PROPERTY TAXES

Parcel Number
033B-A-003.01
Land Assessment
$86,400
Improvements Assessment
$395,280
Total Assessment
$481,680
(561) 789-5504

Contacts

  • Listing ID: 34107755

  • Date on Market: 12/6/2024

  • Last Updated:

  • Address: 783 New Highway 68, Sweetwater, TN 37874

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Fresenius - website
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783 New Highway 68, Sweetwater, TN for sale Building Photo- Image 4 of 6
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Fresenius Medical Care | 783 New Highway 68
(561) 789-5504 x

Fresenius Medical Care | 783 New Highway 68

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Jordan Koeppel

(561) 789-5504

(561) 789-5504

Connor Shell

(407) 913-9009

(407) 913-9009

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