Fresenius Medical Care: MONTCLAIR, NJ
114 Valley Road, Montclair, NJ
PURCHASE PRICE $4,776,000
BUILDING / LOT SIZE: 9,075 sq. ft.
- AVERAGE RETURN Initial Term: 7.10%
- TENANT Fresenius Medical Care
- RENT INCREASES: 2% each year
- LEASE TERM: 13.5 years remaining
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.
114 Valley Road, Montclair, NJ
Through its network of more than 3,200 dialysis clinics in North America, Europe, Latin America and Asia-Pacific, Fresenius Medical Care provides dialysis treatment to over 264,000 patients around the globe.
PROPERTY INFORMATION
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 3,200 dialysis clinics in North America, Europe, Latin America and Asia-Pacific, Fresenius Medical Care provides dialysis treatment to over 264,000 patients around the globe.
- TENANT:Â Fresenius Medical Care
- LOCATION:Â 114 Valley Road, Montclair, NJ
- PROPERT Y T YPE Single-tenant, freestanding, medical
- BUILDING / LOT SIZE:Â 9,075 sq. ft.
- PURCHASE PRICE $4,776,000
LEASE INFORMATION
- LEASE GUARANTOR Fresenius Medical Care Holdings, Inc.
- LEASE TERM:Â 13.5 years remaining
- RENT INCREASES:Â 2% each year
- RENEWAL OPTIONS:Â Three five-year options
- AVERAGE RETURN:Â Initial Term: 7.10%*
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.
Rockwell properties have the following characteristics:
- $150,000 minimum investment amount
- Property is offered debt-free
- Strong national companies as tenants
- Long-term, corporate-guaranteed lease
- No closing costs
- Satisfies IRS requirements for 1031 exchanges
MONTCLAIR , NJ
The township of Montclair is an upscale bedroom community in Essex County, New Jersey located less than 15 miles west of Manhattan. Because of its proximity to New York City, many residents make the short commute every day — you can travel to Penn Station in under 30 minutes. Montclair is an eclectic community that embraces cultural diversity, renowned for its historical architecture and commitment to the arts and education. In addition to world-class shopping and dining, Montclair is also home to several parks, theatres, museums, art galleries, a minor-league baseball team and the prestigious Montclair State University.
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ABOUT ROCKWELL
ROCKWELL DEBT-FREE PROPERTIES
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Toll Free: 1-877-568-1031 | Phone 801-568-1031
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