Offering Memorandum
Investment Sale
Fresenius Medical Care
2 Royal Park Dr
Zeeland, Michigan
Zeeland, Michigan
eCode:154i
Sales Price
$1,747,280
NOI
$109,205
Cap Rate
6.25%
Building Size
4,460 SF
Lot Size
1.54 AC
Year Built
2001
Zoning
C-3, Commercial
Highlights
- Fresenius Corporate Guaranty (NYSE: FMS)
- Rare Absolute Net Lease
- ±7 Years Remaining on 15-year Term, Plus Three (3) 5-Year Renewal Options
- 2% Annual Rent Increases
- Build-to-Suit for Fresenius – 25+ Year Operating History
- High-Volume Dialysis Location
- Strong Healthcare & Residential Surroundings
- Strategic West Michigan Location
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 7,929 | 30,744 | 63,944 |
| Household Income | $109,658 | $122,335 | $112,305 |
| Daytime Pop | 3,082 | 15,557 | 42,350 |
SIMILAR PROPERTIES
Single-Tenant
1325 28th St SW, Wyoming, Michigan
461 28th St SE, Grand Rapids, Michigan
$1,200,000 | Wyoming, MI: 822 SF | Grand Rapids, MI: 800 SF
461 28th St SE, Grand Rapids, Michigan
$1,200,000 | Wyoming, MI: 822 SF | Grand Rapids, MI: 800 SF
Multi-Tenant
29065 Cabot Dr
Novi, Michigan
Unpriced | 50,501 SF
Novi, Michigan
Unpriced | 50,501 SF
