LONG TERM OPERATING HISTORY SINCE 1993 / NEW 10 YEAR RENEWAL: Tenant has been successfully operating at this location since 1993 |
ESSENTIAL TENANT: Fresenius Medical Care (NYSE: FMS) is the worlds largest provider with over 4,000 locations across the globe. |
NN LEASE: Minimal Landlord responsibilities |
Current NOI is $118,271.00 until 5/31/2026 | New NOI starting 6/1/2026 - 5/31/2036 $134,910.00. Seller is negotiable |
PREMIER BAY CITY RETAIL CORRIDOR: Subject property is surrounded by national tenants such as Kroger, Meijer, Walgreens, Taco Bell, Wendy’s. JoAnn, etc |
TENANT HVAC & ROOF REIMBURSEMENT: Starting June 1st 2026 Tenant pays an additional $1,146.74/month during the 10-year term. |