listed in conjunction with ms real estate broker: tony ... … · years in business 112...

Fresenius Kidney Care Center534 Irby Dr, Brookhaven, MS 39601

James Capital Advisors

Marketing Package

Listed in conjunction with MS Real Estate Broker:BEAU J. BOX

PresidentBeau Box Commercial Real Estate

Baton Rouge, New Orleans, Lafayette(225) 931-3200

[email protected]

Listed By:TONY ANDERSONVice PresidentJames Capital Advisors, IncLos Angeles, CA(424) [email protected]



INVESTMENT HIGHLIGHTS

Strong Brand RecognitionFresenius Medical Care is a global healthcare provider offering high quality products and services for dialysis, hospitals and outpatient treatment. FMC operates in over 100 countries and has excess revenues of $17 billion.

Increasing Cash FlowLandlord benefits from built in increases during the base term, creating a hedge against inflation.

Commitment to SiteFresenius Medical Care recently extended their lease showing commitment to site.

Certificate of Need StateThis asset is located within a certificate of need state for renal failure creating a high barrier of entry. There are only 12 states with this designation.

Long Term ViabilityMississippi has significant demand for kidney services as it’s the state with the highest mortality rate for kidney disease

Recent Capital ImprovementsRoof completely replaced in 2018 and significant dollars put into the building to upgrade facilities in 2018 as well.

Investment Highlights

13,200 SF

GLA

2.02 AC

Lot Size

1995

Year Built



Property Image



* Landlord: roof, foundation, parking lot and HVAC replacement.

FINANCIAL SUMMARY

Purchase Price $2,154,240

Cap Rate 7.50%

Net Operating Income $161.568

Price / SF $163.20

Rent / SF $12.24

LEASE SUMMARY

Lease Type Triple-Net (NNN)

Lease Commencement June 30, 2008

Term Remaining 7 Years

Increases 1% Annually Until 2020 | 2% Until 2025

Options One, Five-Year Option

RESPONSIBILITIES

Real Estate Taxes Tenant Responsible

Insurance Tenant Responsible

Repairs & Maintenance Landlord Responsible*

Roof & Structure Landlord Responsible

Right of First Refusal No

Financial Summary



TENANT

Lease Guarantor RCG Mississippi Inc

Ownership Public

Years in Business 112

Headquarters Waltham, MA

Rent Schedule

* Please note there are 1% annual increases until 2020. 2% annual increases from 2021-2025

RENT SCHEDULE

Period Term Annual Rent

01/01/2018 - 12/31/2018 Base Term $161,568

01/01/2019 - 12/31/2019 Base Term $163,152

01/01/2020 - 12/31/2020 Base Term $164,736

01/01/2021 - 12/31/2021 Base Term $167,904

01/01/2022 - 12/31/2022 Base Term $171,072

01/01/2023 - 12/31/2023 Base Term $172,920

01/01/2024 - 12/31/2024 Base Term $176,088

01/01/2025 - 12/31/2025 Base Term $179,256

01/01/2025 - 12/31/2030 1st Option Fair Market Value



Retail Aerial



Site Plan



534 Irby Dr, Brookhaven, MS 39601

Demographics

POPULATION 1-MILE 3-MILE 5-MILE 10-MILE

2023 Projection 3,010 12,986 17,030 28,552

2018 Estimate 2,995 13,052 17,121 28,735

2010 Census 2,861 13,172 17,303 29,177

HOUSEHOLDS 1-MILE 3-MILE 5-MILE 10-MILE

2023 Projection 1,069 4,971 6,517 10,719

2018 Estimate 1,060 4,996 6,552 10,787

2010 Census 998 5,036 6,617 10,943

2018 Avg HH Income $40,593 $50,535 $51,086 $52,934

2018 Med HH Income $27,942 $32,659 $34,467 $38,365

19,000 VPD

US Hwy 51

21,000 VPD

I-55

23,000 VPD

Brookway Blvd

53 Miles N

Jackson, MS

98 Miles S

Baton Rouge, LA

133 Miles S

New Orleans, LA



DISCLAIMER

The information contained in this Marketing Brochure has been obtained from sources believed to be reliable. However, James Capital Advisors, Inc. & Beau Box (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property.

The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITY

This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASE

This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker. from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property.

NON-ENDORSEMENT

Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

Disclaimer



Contact Information

Beau J. BoxListed in Conjunction with Beau Box Commercial Real Estate

MS RE Lic. 18362

LISTED IN CONJUNCTION WITH:LEAD AGENT:

Tony AndersonVice President

(424) [email protected] RE Lic. 01936642

listed in conjunction with ms real estate broker: tony ... … · years in business 112...

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