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FRESENIUS MEDICAL CARE PORTFOLIO 200 NE 50th St. Oklahoma City, OK & 301 Katie Michelle Blvd. Edmond, OK Nathan Huffman [email protected] Direct: 972-865-7991 Cell: 214-300-5524
FRESENIUS MEDICAL CARE PORTFOLIO200 NE 50th St. Oklahoma City, OK & 301 Katie Michelle Blvd. Edmond, OK
Nathan [email protected]
Direct: 972-865-7991Cell: 214-300-5524
INVESTMENTOVERVIEWPeranich Huffman Net Lease Group is pleased to offer for sale on an exclusive basis, the Fresenius Medical Care Portfolio of Oklahoma. The portfolio consists of two freestanding dialysis centers located in Oklahoma City and Edmond. Both facilities are corporately guaranteed by Fresenius Medical Care Holdings, Inc.
Both properties are leased on a double net basis wherein the tenant shall, at its sole cost and expense, maintain the non-structural portions of the building; landlord is responsible for the repair and replacement of the roof, structure and common area (HVAC is a tenant expense). Offered at a blended capitalization rate of 6.0% this offering provides an investor with the opportunity to acquire two properties with strong operations backed by a reputable tenant with a commitment for the long term.
Fresenius Medical Care is the largest provider of renal care in both the United States and across the world. Fresenius delivers services to patients with chronic kidney failure and end stage renal disease. Fresenius has a net worth in excess of $22.50 billion and currently holds S&P’s Investment Grade credit rating of “BBB-Stable”.
TENANTOVERVIEW
Trade Name Fresenius Medical Care
Ownership Public
Credit Rating BBB
Stock Symbol FMS & FME (German)
Number of Locations 3,349
Headquartered Waltham, MA
US Clinics 2,200+
Net Revenue $16+ Billion
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301 Katie Michelle Blvd. Edmond, OK
3,349
2,200+
2
200 NE 50TH STOKLAHOMA CITY, OK
3
FACILITY OVERVIEW
Patient Count 115Term Expiration 7/31/2030Initial Term Remaining 12.8 YearsOption Periods (3) 5-YearGuarantee FMC Corporate
Facility Type Single TenantLease Type Double NetYear Built 2008Square Foot 12,000Number of Stations 25
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67
301 KATIE MICHELLE BLVDEDMOND, OK
FACILITY OVERVIEW
Facility TypeLease TypeYear BuiltSquare FootNumber of Stations
Single Tenant Double Net
20117,049
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Patient Count 67Term Expiration 7/31/2030Initial Term Remaining 12.8 YearsOption Periods (3) 5-YearGuarantee FMC Corporate
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FINANCIALS | 200 NE 50TH STREET
$ PURCHASE PRICE $3,920,000 $ NOI
$235,200% CAP RATE6.0%
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RENT PSF MONTHLY RENT YEARLY RENT
$19.60 $19,600 $235,200
$20.58 $20,580 $246,960
$21.60 $21,600 $259,200
ESCALATION
5%
5%
5%
RENT ESCALATIONS
PERIOD
August 2017 - July 2023
August 2023 - July 2028
August 2028 - July 20306
FINANCIALS | 301 KATIE MICHELLE BOULEVARD
$ PURCHASE PRICE $2,714,000 $ NOI
$162,832% CAP RATE6.0%
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RENT ESCALATIONS
RENT PSF MONTHLY RENT YEARLY RENT
$23.10 $13,569 $162,832
PERIOD
June 2017 - May 2025
June 2025 - May 2030 $24.25 $14,245 $170,938
ESCALATION
5%
5%
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FINANCIALS | PORTFOLIO
$ PURCHASE PRICE $6,634,000 $ NOI
$398,028% CAP RATE6.0%
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PORTFOLIO HIGHLIGHTS
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Both Leases Guaranteed by FMC Corporate.
Double Net Leases - Minimal Landlord Responsibilities.
Strong Private Payor Mix - Well above the National Average.
Both Leases have 12+ Years of Term Remaining with Renewal Options.
High Patient Volume Facilities.
301 Katie Michelle Blvd
H Integris Health
1.7 Miles
SURROUNDINGMEDICAL
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Average HH Income Growth 2000 - 2010 32.9% 30.6% 30.2%
Total Population 44,016 99,972 254,500
Households
Average Household Size
Household Growth 2017-2022
17,297 30,092 102,609
2.47 2.50 2.45
6.2% 8.9% 9.4%
% Population Above Age 65 14.1% 12.6% 12.8%
Average Household Income $111,241 $105,207 $99,306
Average HH Income Growth 2017 - 2022 13.9% 13.8% 14.6%
POPULATION 3 MILES 5 MILES 10 MILES
HOUSEHOLDS 3 MILES 5 MILES 10 MILES
INCOME 3 MILES 5 MILES 10 MILES
DEMOGRAPHICS | 301 KATIE MICHELLE BOULEVARD
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Average HH Income Growth 2000 - 2010 20.3% 23.2% 26.2%
Average Household Income $66,012 $62,113 $65,796
Average HH Income Growth 2017 - 2022 16.1% 16.0% 16.6%
INCOME
Households
Average Household Size
Household Growth 2017-2022
27,135 67,507 266,803
2.14 2.19 2.39
0.3% 0.5% 2.8%
Total Population 154,238 651,534
% Population Above Age 65 13.2% 12.5% 12.6%
HOUSEHOLDS
POPULATION 3 MILES
3 MILES
3 MILES
5 MILES
5 MILES
5 MILES
10 MILES
10 MILES
10 MILES
60,159
DEMOGRAPHICS | 200 NE 50TH STREET
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200 NE 50th Street
H OU Medical Center
3.3 Miles
SURROUNDINGMEDICAL
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Offers should be submitted electronically to
Nathan Huffman at [email protected] and include the
following information:
Purchase Price
Sources of Debt
Closing Period
Earnest Money
Other Terms
Feasibility Study Period
CONFIDENTIAL MEMORANDUM & DISCLAIMER
Peranich Huffman Net Lease Group (“Agent”) has been engaged as the exclusive agent for the sale of the Fresenius Medical Care Portfolio (the “Property”), by the owner of the Property (“Seller”). The Property is being offered for sale in an “as-is, where-is” condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum.
The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein. Neither the enclosed materials nor any information contained herein is to be used for any other purpose or made available to any other person without the express written consent of the Seller. Each recipient, as a prerequisite to receiving the enclosed, should be registered with Peranich Huffman Net Lease Group as a “Registered Potential Investor” or as “Buyer’s Agent” for an identified “Registered Potential Investor.” The use of this Offering Memorandum and the information provided herein is subject to the terms, provisions and limitations of the confidentiality agreement furnished by Agent prior to delivery of this Offering Memorandum. The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent or the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein.
Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller.
Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations thereunder have been satisfied or waived.
By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller or Agent or as otherwise provided in the Confidentiality and/or Registration Agreement executed and delivered by the recipient(s) to Peranich Huffman Net Lease Group.
