NNN Dialysis Center
128 Dillon Dr Spartanburg, SC 29307
For Sale
Contact for pricing
Pending
Fee-simple interest in a fully occupied, three-facility Fresenius Medical Care portfolio with NNN lease structures.
Property Size19,182 SF
Days on Market104
Property Features for 128 Dillon Dr
General Information
- Standard status
- Pending
- Size
- 19,182 SF
- Property subtype
- Office
Listing Agency:
Northmarq - Tulsa
Listed By:
Toby Scrivner · License #TX #452773
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 2:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Tulsa
Investment Insights
Based on property information with market context.
Stan Johnson Company is pleased to offer the opportunity to acquire the fee-simple interest in a three-property portfolio (“the Portfolio”). The Portfolio consists of three fully-occupied Fresenius Medical Care facilities totaling 19,182 rentable square feet.
The facilities in Cottonwood and Spartanburg operate as dialysis centers under fifteen-year lease terms. The facility in Smyrna is a support facility that services clinics in that region, providing clinical supplies, technical support, repair, and office space for regional staff, with a seven-year lease term.
Each lease is structured as triple net (NNN) with landlord responsibilities limited to one-off capital expenditures. Leases are accompanied by a corporate guaranty and are occupied by Fresenius Medical Care, an investment-grade tenant. The Portfolio includes 1.7% annual rent escalations throughout the leases and three five-year renewal options with rent escalations of 95% of Fair Market Value (FMV).
The facilities in Cottonwood and Spartanburg operate as dialysis centers under fifteen-year lease terms. The facility in Smyrna is a support facility that services clinics in that region, providing clinical supplies, technical support, repair, and office space for regional staff, with a seven-year lease term.
Each lease is structured as triple net (NNN) with landlord responsibilities limited to one-off capital expenditures. Leases are accompanied by a corporate guaranty and are occupied by Fresenius Medical Care, an investment-grade tenant. The Portfolio includes 1.7% annual rent escalations throughout the leases and three five-year renewal options with rent escalations of 95% of Fair Market Value (FMV).
Key Highlights
- 3‑property, fully‑occupied Fresenius Medical Care portfolio with a total of 19,182 rentable SF
- Cottonwood and Spartanburg dialysis centers under 15‑year lease terms
- Smyrna support facility provides clinical supplies, technical support, repair, and regional staff office space with a 7‑year lease term
Property Analytics
Location Intelligence
Current Use by Public Records
Melinda W. Bayless, ...
Physician
Fresenius Kidney Care ...
Medical Clinic
Spartanburg Dialysis
Medical Clinic
FAQs
What type of property is this?
Medical center - Fee-simple interest in a fully occupied, three-facility Fresenius Medical Care portfolio with NNN lease structures.
Where is this medical center located?
The property is located at 128 Dillon Dr Spartanburg, SC.
What are key features of this property?
This property features: 3‑property, fully‑occupied Fresenius Medical Care portfolio with a total of 19,182 rentable SF; Cottonwood and Spartanburg dialysis centers under 15‑year lease terms; Smyrna support facility provides clinical supplies, technical support, repair, and regional staff office space with a 7‑year lease term
