Detroit, Mich. (February 25, 2020) – SRS Real Estate Partners’ National Net Lease Group has announced the $2.15 million sale of a freestanding, 6,804-square-foot property fully occupied by Fresenius Kidney Care located at 120 W. 7th Street in Monroe, WI.
SRS National Net Lease Group’s First Vice Presidents Frank Rogers and Michael Carter represented the seller, a Midwest-based developer, as well as the buyer, a private California-based investor who was in a 1031 exchange.
“This is the second transaction we have done with this merchant developer on a Fresenius Kidney Care-occupied asset in Wisconsin,” said Carter. “In August 2019 we completed the $4.82 million sale of a property located just outside of Milwaukee. Both newly constructed assets provided the buyers with 15-year, triple net, corporate-guaranteed leases, and strong Wisconsin locations.
Rogers added, “Fresenius Kidney Care is one of the nation’s top providers of dialysis treatment and resources. Patient demand is high for this type of medical provider in dense and tertiary markets because of the treatment Fresenius provides to their client base.”
The Monroe asset is just off State Highways 11 and 69 and provides excellent visibility and access. It is near Walmart Supercenter, Dollar General, and Shopko, among others.
SRS’ National Net Lease Group, with more than $1.5 billion in assets currently listed for sale, successfully completed more than 400 transactions in 2019, across 35 states nationwide.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 25 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, and investment services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.
SRS’ Investment Properties Group is a unified platform of seasoned professionals located and transacting nationally with all underwriting and marketing efforts strategically located in Southern California. In 2019, the group completed more than 400 sales across more than 35 states and has over 50 NNLG professionals nationally. From proactive sales to targeted acquisitions and tailored debt and equity solutions, SRS’ Investment Properties Group offers comprehensive services to owners and investors. Superior speed-to-market, world-class marketing materials, a deep investor database and unparalleled retail submarket intelligence from the entire SRS platform allow SRS’ Investment Properties Group to deliver the best possible returns.