SECURE INCOME STREAM
- New 15-year NNN lease that will commence October 1, 2021.
- 10% Rent increases every five years plus three, 5-year options provide attractive rent growth during the lease term
- Brand new 2021 built-to-suit construction for Fresenius Kidney Care, a state of the art dialysis clinic.
- Given the nature of the product, healthcare related real estate has been the least affected by economic recession and demand of e-commerce.
- Corporate lease guarantee by Fresenius Medical Holdings which holds a Ba2 credit rating from Moody’s.
- Situated across from Holiday City Plaza, a high traffic medical office plaza. Neighboring tenants include LabCorp, Physicians SurgiCenter, Urgent Care Now, and Holiday Care Center (Post Acute Care).
- Located off of Route 37 (41,500 VPD), a major east-west artery, providing for excellent access and visibility.
- Meridian Health (321 patient beds) is nearby.
- Atlantic City, a major tourist destination, is less than one hour south.
- New York City is 75 miles north; NYC is the largest city in the United States and is known as the driving financial center of the world.
- Excellent Demographics – The 2020 average household income exceeds $70K in a 3 mile radius and $80K in a 5 mile radius whereas the population exceeds 50K in a 3-mile radius and 115K in a 5-mile radius.
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