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Green Bay, WI - Fresenius
2240 Holmgren Way | Green Bay, WI 54304
$3,811,000
Price5.2%
Cap Rate$198,152
NOI11,613
± SF Offering GLA1.23
± AC Land AreaDescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, investment grade (S&P: BBB), corporate guaranteed, Fresenius Medical Care investment property located in Green Bay, WI. The tenant, Fresenius Medical Care, recently signed a brand-new 15-year lease with 3 (5-year) option periods left to extend. The lease features rare 1.70% annual rental increases starting December 2023, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed by Fresenius Medical Care and is NNN with limited landlord responsibilities. Fresenius Medical Care operates more than 4,110 dialysis clinics and provides dialysis treatment to over 344,400 patients around the globe, making them the world’s largest provider of products and services for individuals with chronic kidney disease.
Location
Fresenius Medical Care is strategically located near the signalized, hard corner intersection of Holmgren Way and Cormier Road, averaging 14,000 vehicles passing by daily. The site is equipped with a large monument sign, creating excellent store visibility along both Holmgren Way. The asset benefits from nearby on/off ramp access to Interstate 41 (82,700 VPD), a major north-south interstate highway that connects the Illinois-Wisconsin border to Green Bay. Fresenius Medical Care is in a dense retail corridor with many nearby national/credit tenants including Dave & Buster’s, Kohl’s, Best Buy, Dick’s Sporting Goods, Walmart Supercenter, Ross Dress for Less, and more. Additionally, Lambeau Field (81,441 seats), home of the Green Bay Packers, is located 1 mile northwest of the property, increasing consumer draw for the immediate trade area. The site is near Bellin Hospital along with several other hospitals and medical clinics within a 2.5-mile radius, promoting crossover store exposure. Bellin Hospital serves the people of Northeast Wisconsin and Michigan’s Upper Peninsula, and is the area’s leader in cardiac health, orthopedics, sports medicine, digestive health, and more. The store also has access to a direct residential consumer base with multiple 150+ unit apartment complexes within walking distance. The 5-mile trade area is supported by 159,189 residents and 132,465 daytime employees with an average household income of $71,717.
Documents & Links
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 Offering Memorandum |  |  |