Investment Offering
Sulphur, LA - Fresenius
1000 Beglis Parkway | Sulphur, LA 70633
Description
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an NN leased, freestanding, (S&P: BBB) Fresenius Medical Care investment property located in Sulphur, Louisiana (Lake Charles MSA). The tenant, Fresenius Kidney Care, has over 8 years remaining on their current term, with 3 (5-Year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (S&P: BBB) and is a NN with landlord responsibilities limited to roof, structure, parking lot, and HVAC over $2,500. Fresenius Medical Care is the world’s largest provider of products and services for individuals with renal diseases of which around 3 million patients worldwide regularly undergo dialysis treatment.
Location
The Fresenius is located near the signalized, hard corner intersection of Beglis Pkwy and Maplewood Drive, and benefits from nearby direct on/off ramp access to Interstate 10 (77,200 VPD). Furthermore, the site is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Kroger, Walgreens, Starbucks, CVS Pharmacy, Dollar General, Taco Bell, Wendy’s, Popeyes and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. In addition, the subject property is in close proximity to West Calcasieu Cameron Hospital (107 beds) and Sulphur High School (1,919 students), further increasing consumer traffic to the site. The 5-mile trade area is supported by over 34,400 residents and 22,100 employees, providing a direct consumer base from whch to draw. Residents within a 5-mile radius of the subject property have an average household income of $81,527.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215