November 29, 2022 – Hobart Hare of Horvath & Tremblay has successfully completed the sale of Fresenius Medical Care in LaFollette, Tennessee. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,526,797.
Fresenius is located at 204 E Beech Street in LaFollette, Tennessee. The property consists of a 5,688 square foot stand-alone building on a 0.61-acre parcel of land. Fresenius has been operating at this location for more than 30 years and has 4+ years of term remaining on a corporate guaranteed Double Net (NN) lease with two (2), 5-Year renewal options. The lease calls for attractive 2% annual increases throughout the primary term and both renewal options. Fresenius is well located along E Beech Road with outstanding visibility and frontage. The Property is positioned in the heart of LaFollette and is just seconds form the intersection of US Route 25W and Central Avenue (TN Route 63), the area’s two primary commuter and commercial corridors. The Property is also just a few miles from Interstate 75. LaFollette is a growing town in northeastern Tennessee approximately 40-miles north of Knoxville.
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.