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11540 E University Dr, Apache Junction, AZ, 85120

Fresenius Kidney Care
$3,441,900

Key Information

Tot. SF
14,370
Lot Size
2.78 Acres
Units
3
Year Built
2005
Type
Healthcare
Occupancy
80.5%

Highlights

  • Medicare Spending: Medicare, the primary payer for dialysis services, spends approximately $55 billion annually on end stage renal disease care, underscoring the essential nature of dialysis services.
  • Growing Dialysis Population: More than 800,000 Americans live with end stage renal disease, with over 500,000 receiving ongoing dialysis, creating consistent, recurring demand for outpatient dialysis centers.
  • Largest Global Dialysis Provider: Fresenius Kidney Care is part of Fresenius Medical Care, the largest dialysis provider in the world, with thousands of treatment centers and investment grade credit ratings.
  • Aging Demographics: Arizona’s senior population is expanding, with Apache Junction’s median age at 52 and 33% of residents aged 65+, supporting long-term demand for outpatient dialysis services.
  • Phoenix East Valley Growth: Apache Junction is within the rapidly expanding East Valley corridor, benefiting from inbound migration, residential development, and employment expansion.
  • Value Add Opportunity: Approximately 20% of the building is vacant, offering investors the chance to lease up two medical suites and increase NOI.
  • Scheduled Rent Increases: The Fresenius lease features 2% annual rental increases, providing built-in NOI growth throughout the remaining lease term.
  • NNN Lease Structure: Fresenius occupies 80% of the building under a NNN lease, providing a landlord-friendly structure with predictable base rental income and limited landlord responsibilities.

Photos

Location

Agents

Broker of Record

David Harrington

License # CO701910000, BR715518000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251