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120 Hospital Dr, Tarboro, NC, 27886

Fresenius
$4,638,429

Key Information

Cap Rate
6.75%
$ per SF
$422
Lot Size
2.3 Acres
Year Built
2017
Term Remaining
±5.6 YRS
Type
Healthcare
NOI
$313,094
Leasable Area
10,984

Highlights

  • Corporate Guarantee from Investment Grade Tenant – Fresenius Medical Care is the world’s largest provider of renal care, serving both the U.S. and internationally. With a net worth exceeding $22.5 billion, Fresenius maintains an S&P Investment Grade credit rating of “BBB Stable.” With over 4,000 dialysis clinics, the company delivers dialysis treatment to more than 348,000 patients worldwide.
  • Net Lease Structure – The lease provides for a passive, Landlord-friendly expense structure with landlord responsibilities limited to roof and structure.
  • “Essential Business” Investment – This offering provides an investor with the opportunity to acquire a property containing a leading global medical tenant with an outstanding business model. Unlike tenants outside of the healthcare sector who are challenged to maintain cash flow, dialysis practices are not impacted by external disruptions.
  • Certificate of Need State – Only 13 states require a Certificate of Need (CON) for dialysis facilities, restricting new development to prevent overbuilding and healthcare cost inflation. These regulations limit competition, create high barriers to entry, and benefit existing healthcare real estate owners.
  • Close Hospital Proximity – The clinic is directly across from ECU Health Edgecombe Hospital, a community hospital offering a range of comprehensive services. ECU Health’s system spans North Carolina with 1,708 beds, 8 community hospitals, and over 110 outpatient sites.
  • Sole Dialysis Provider – This clinic serves as the exclusive dialysis provider in the entire market, highlighting its essential role in the community.
  • Strong Performer – This clinic operates 16 chairs, 6 days/week from 5AM-5PM, offering a range of comprehensive services including both in-center and home dialysis services, reflecting the clinic’s strong patient demand.

Photos

Location

Agents

Broker of Record

Gerard Hamas

License # C42113 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203