NNN Dialysis Center
For Sale
Contact for pricing
Pending
128 Dillon Dr, Spartanburg, SC 29307
Fee-simple interest in a fully occupied, three-facility Fresenius Medical Care portfolio with NNN lease structures.
Property Size19,182 SF
Days on Market143
Property Features for 128 Dillon Dr
General Information
Standard status
Pending
Size
19,182 SF
Property subtype
Office
Occupancy
100%
Listing Agency:
Northmarq - Tulsa
(918) 494-2690
Listed By:
Toby Scrivner · License #TX #452773
Source:
Crexi
Added: Apr 11
Changed: Aug 25
Last Checked: Aug 31 at 3:05PM
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
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 29307, SC
19,034
Population
8,946
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
86%
High-School Grad
44.7 sq mi
ZIP Area
426
Density / Sq Mi
$61,330
Median Household Income
$39,543
Median Earnings
$1,043
Median Rent
$207,800
Median Home Value
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Frequently Asked Questions
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
