FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER

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FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER
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
FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER
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.
FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER
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.
FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER
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.
FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER
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.
FRESENIUS KIDNEY CARE NIAGARA RENAL CENTER
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.
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                     Buffalo, NY 14231
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