Fresenius Medical Care: Jacksonville , FL
1711 South 5th Street, Jacksonville Beach, FL
PURCHASE PRICE $2,525,000
BUILDING / LOT SIZE 7,100 sq. ft.
- Lease Term 9.5 years remaining
- Annual Increases 2.5%
- Renewal Options Three five-year options
- AVERAGE RETURN Initial Term: 7.25%
Fresenius Medical Care is the world’s largest, integrated provider of products and services for individuals with chronic kidney failure, a condition that affects about 2.1 million individuals worldwide.
1711 South 5th Street, Jacksonville Beach, FL
Through its network of more than 3,119 dialysis clinics in North America, Europe, Latin America and Asia-Pacific, Fresenius Medical Care provides dialysis treatment to over 253,000 patients around the globe.
JACKSON VILLE BEACH, FLORIDA
This property is considered a “zero-coupon” real estate ownership opportunity as there is an assumable, non-recourse loan already in place and, by design, “zero” cash flow will be produced. Instead, the lease payments go directly to repaying the loan. At the end of the initial lease term you own the property free and clear.
Some of the lease specifics are:
- Lease guarantor: CVS Caremark Corporation
- Date of lease commencement: September 1, 2013
- Initial term expiration date: January 31, 2039
- Options to extend lease: Ten 5- year options
- Lease type: Absolute Net Lease (NNN)
Property Summary
- Address 10715 Badera Road, San Antonio, TX
- Tenant CVS #10217
- S&P Rating BBB+
- Building Size 14,600 square feet
- Lease Expiration February 28, 2039
- Renewal Options Ten 5-year renewal options
- NOI $351,174
- Lease Type Bond
- Approximate Purchase Price $5,729,350
- Approximate Note Balance $4,583,500
- Total Equity Required (over debt) $1,145,850
- Loan To Value 80%
- % Equity 20%
- Maturity 2/28/2039
- Debt Service $351,174
- Minimum Ownership 25% ($286,460 equity)
JACKSONVILLE BEACH, FLORIDA​
Fresenius Medical Care is the world’s largest, integrated provider of products and services for individuals with chronic kidney failure, a condition that affects about 2.1 million individuals worldwide. Through its network of more than 3,119 dialysis clinics in North America, Europe, Latin America and Asia-Pacific, Fresenius Medical Care provides dialysis treatment to over 253,000 patients around the globe.
JACKSONVILLE BEACH, FLORIDA
Jacksonville is the largest city in the state of Florida in terms of both population (over 1,345,000 in the metropolitan area) and land area. Due to its convenient location, mild climate, reasonable cost of living, high quality of life and business-friendly government, Jacksonville is a popular location for corporate expansions and relocations. The area’s economy is balanced among distribution, financial services, biomedical technology, consumer goods information services, manufacturing, insurance and other industries. The oceanfront community of Jacksonville Beach, often cited as the one of the best places to work and live in the U.S. Southeast, boasts scenic coast lines along with world-class resorts, dining and shopping.
ABOUT TENANTS -IN-COMMON
Tenants-in-Common or TIC ownership allows multiple buyers to purchase an undivided percentage of a single piece of property. Each buyer receives his own deed to the property and benefits from all of the income, tax shelters and appreciation it provides.
Our properties have the following characteristics:
- Low minimum investment amounts
- Property is offered debt-free
- Strong national companies as tenants
- Long-term, corporate-guaranteed lease
- No closing costs
- Satisfies IRS requirements for 1031 exchanges
ABOUT ROCKWELL
ROCKWELL DEBT-FREE PROPERTIES
8494 S. 700 E. Ste 200 · Sandy, UT 84070
Toll Free: 1-877-568-1031 | Phone 801-568-1031
Info@rockwelltic.com | www.rockwelltic.com