March 9, 2021 – Brian Triglione and Brad Canova of Horvath & Tremblay have successfully completed the sale of Fresenius Medical Care in Marion, Indiana. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $2,208,000.
Fresenius is located at 1797 West Kem Road in Marion, Indiana. Fresenius has been operating at this location for more than 22 years. The property consists of a 9,300 square foot stand-alone building on a 1.5-acre parcel of land. Fresenius has 8 years of term remaining on a corporate guaranteed Absolute NNN lease followed by one, 5-Year renewal option. The lease calls for a 5% increase in 2025 and 2% annual increases until the current lease term ends. The renewal option calls for 3% annual increases. Fresenius is well located along West Kem Road with outstanding visibility and frontage. The clinic is situated as an out-parcel to the Five Points Mall and is just seconds away from the heavily trafficked signalized intersection of Wabash Avenue (IN Route 15), Kem Road and Baldwin Avenue (IN Route 9). The property is located within five miles of Grant County’s largest employers, including GM, Indiana Wesleyan University, and Marion General Hospital.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.