140 Highland Center Dr Columbia, SC 29203

This single-tenant Fresenius Medical Care location is situated in Columbia, South Carolina. Constructed in 2014 as a build-to-suit, the property benefits from its location in Columbia, the state capital and second most populous city in South Carolina. Columbia hosts the University of South Carolina, the state's flagship public university. The area has a diversified economy, with major employers including the South Carolina state government, the Prisma Health hospital system, Blue Cross Blue Shield of South Carolina, Palmetto GBA, and the University of South Carolina. Other significant employers in the Columbia area are Computer Sciences Corporation, Fort Jackson, Richland School District, Humana, and the United Parcel Service. Fresenius Medical Care is a leading provider of dialysis products and holds a substantial market share in the United States. The property's location near I-77 facilitates access for patients in the surrounding area and nearby medical centers. The investment features an attractive NNN lease, assigning maintenance obligations to the tenant, except for roof and structure, which allows for a passive investment. Fresenius Medical Care demonstrates a high renewal rate upon lease expirations, influenced by their substantial interior buildout costs. The escalating construction expenses for new clinics have rendered the notion of replacing the existing operations nearly financially unfeasible. The property has a size of 9710 square feet.