FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER
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FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER 3018 MILITARY ROAD NIAGARA FALLS, NY 14304 Josh Snyder BRE #01940165 Advisor 310.425.3377 josh.snyder@svn.com CalDRE #01940165 Nick Malagisi, SIOR Managing Director 716.633.9601 nick.malagisi@svn.com SVN | RICH INVESTMENT REAL ESTATE PARTNERS | 10940 WILSHIRE BLVD., SUITE 1600, LOS ANGELES, CA 90024 SALE BROCHURE
Property Summary
OFFERING SUMMARY PROPERTY OVERVIEW
Sale Price: $1,639,078 SVN is pleased to present the single-tenant triple-net offering located at 3018 Military Road in Niagara Falls, New York.
The 6,500 +\- square-foot subject property is leased to New York Dialysis Services, with a lease corporately guaranteed
Cap Rate: 8.0% by Fresenius Medical Care Holdings, Inc. The lease began in 2008 on a ten year term, and was recently renewed for a
five-year term, showing the long term commitment to the site. The lease benefits from two percent annual rent
NOI: $131,126 escalations. Recent tenant improvement work totaling almost $100,000 has been completed this year to the exterior,
including a new roof with warranty, new siding, new paint, LED lighting, a resurfaced parking lot and new landscaping.
Lot Size: 0.94 Acres Fresenius has invested significantly to improvements on the interior, again showing their long-term plans to operate the
clinic.
Year Built: 1985
Fresenius Medical Care North America is a major provider of kidney dialysis services and renal care products. It provides
Building Size: 6,500 SF products, dialysis care services, education and support for Chronic Kidney Disease (CKD), including treatment options for
later stage CKD. Fresenius is a publicly traded company (NYSE: FMS) with a market capitalization in excess of $23 billion.
Renovated: 2018 Fresenius is an investment grade rated company with a Standard & Poor’s rating of BBB-.
Zoning: 05-Commercial PROPERTY HIGHLIGHTS
Market: Buffalo/Niagara Falls • Recent Five-Year Lease Extension, Showing Long Term Commitment to Site
• 2% Annual Rent Increases
Price / SF: $252.17
• Corporate Guaranteed by Fresenius Medical Care Holdings, Inc | S&P Rating 'BBB-'
• S&P Rated Credit 'BBB-'
• Significant Capital Improvements Including New Roof, New Parking Lot
FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER | 3018 MILITARY ROAD NIAGARA FALLS, NY 14304 SVN | Rich Investment Real Estate Partners | Page 2
The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER | 3018 MILITARY ROAD NIAGARA FALLS, NY 14304 SVN | Rich Investment Real Estate Partners | Page 3 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Rent Roll
TENANT UNIT LEASE LEASE LEASE ANNUAL % OF PRICE
NAME SIZE (SF) YEAR END YEAR RENT BUILDING PER SF/YR COMMENTS
Fresenius 6,500 8/1/2008 7/31/2023 Current $131,126 100.0 $20.17 2% Annual Rent Escalations
1/1/2020 $133,770 $20.58 Additional $1750 monthly for tax reimbursement
1/1/2021 $136,370 $20.98
1/1/2022 $139,165 $21.41
1/1/2023 $141,895 $21.83
Totals/Averages 6,500 $131,126 $20.17 $0
FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER | 3018 MILITARY ROAD NIAGARA FALLS, NY 14304 SVN | Rich Investment Real Estate Partners | Page 4
The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Tenant Profile
OVERVIEW FRESENIUS MEDICAL CARE
Company: Fresenius Medical Care Worldwide, more than 2.5 million patients with this disease regularly undergo dialysis
therapy, a vital blood cleansing procedure that substitutes the function of the kidney
Founded: 1912
in the case of kidney failure.
Total Revenue: $16+ Billion
Net Worth: $22.50 Billion Through our industry-leading network of more than 2,200 dialysis facilities,
outpatient cardiac and vascular labs, and urgent care centers, as well as the
Credit Rating BBB country’s largest practice of hospitalist and post-acute providers, Fresenius Medical
Headquarters: Waltham, MA Care provides coordinated health care services at pivotal care points for hundreds of
thousands of chronically ill customers throughout the continent. As the world’s only
Stock Symbol FMS & FME (German)
vertically integrated renal company, we also offer specialty pharmacy and laboratory
services, as well as manufacturing and distributing the most comprehensive line of
TENANT HIGHLIGHTS dialysis equipment, disposable products and renal pharmaceuticals.
• Employs 60,000+ people in North America
• Offer DIalysis Services and products in more than 120 countries Our integrated approach helps to not only improve patients' health outcomes, but
• Provides a Dialysis Treatment every 0.8 seconds across the globe also reduce the total cost of care.
• Tenant Highlight 4
• Tenant Highlight 5
• Tenant Highlight 6
FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER | 3018 MILITARY ROAD NIAGARA FALLS, NY 14304 SVN
SVN || Rich
Rich Investment
Investment Real
Real Estate
Estate Partners
Partners || Page
Page 51
The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Location Maps FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER | 3018 MILITARY ROAD NIAGARA FALLS, NY 14304 SVN | Rich Investment Real Estate Partners | Page 6 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Retailer Map FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER | 3018 MILITARY ROAD NIAGARA FALLS, NY 14304 SVN | Rich Investment Real Estate Partners | Page 7 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Demographics Map
POPULATION 1 MILE 3 MILES 5 MILES
Total population 2,926 39,259 101,636
Median age 43.1 40.0 39.8
Median age (Male) 40.2 37.3 36.8
Median age (Female) 45.0 41.9 42.0
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 1,296 16,556 43,018
# of persons per HH 2.3 2.4 2.4
Average HH income $50,044 $48,648 $50,342
Average house value $109,921 $93,795 $109,025
* Demographic data derived from 2010 US Census
FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER | 3018 MILITARY ROAD NIAGARA FALLS, NY 14304 SVN | Rich Investment Real Estate Partners | Page 8
The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.10940 Wilshire Blvd., Suite 1600
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