Fresenius Medical Care is an ideal tenant for several reasons. First and foremost, they are an extremely profitable, well run, multi-national corporation. Additionally, Fresenius is a classic industry leader, as they own the lion’s share of their market, with the number two player being their largest client. Furthermore, they dominate a truly non-cyclical industry.
Fresenius Medical Care Holdings, Inc.
Fresenius Medical Care has committed to lease the property for an initial term of 15 years, which expires August 2030. During the initial term of the lease base rent shall increase each year by 1.7%. The lease also includes three consecutive options to extend the lease for a period of five years each.