SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, Fresenius Medical Care investment property located in Cleveland, Ohio. The tenant, Ohio Renal Care Group, LLC, has approximately 10.5 years remaining in their initial term with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and rental adjustment based on Fair Market Value at the beginning of each option period, growing NOI and hedging against inflation. The lease is guaranteed by Fresenius Medical Care Holdings, Inc. and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Fresenius Medical Care is the world’s leading provider of products and services for people with chronic kidney failure, caring for 346,000+ patients in their global network of more than 4,000 clinics.

The subject property is strategically located near the signalized, hard corner intersection of Martin Luther King Jr. Dr and Fairhill Rd, averaging a combined 28,300 vehicles passing by daily. The site is situated within 1 mile north of the direct on/off ramp access to State Highway 87 (13,600 VPD), a major east/west commuter thoroughfare traveling through the trade area. The building benefits from excellent visibility via a large monument sign along Martin Luther King Jr. Dr as well as easy access via 2 separate points of ingress/egress. The asset is within 1.5 miles north of Buckeye Plaza, a 117,655 SF shopping center anchored by Simon’s Supermarket, increasing consumer draw to the immediate trade area. In addition, the subject property is within close proximity to multiple apartment complexes including Fairhill Towers (178 Units), Fairhill Gardens (73 Units), Shaker House & Shaker Town House (157 Units), Ambleside Tower (201 Units), and more, providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by a dense population of more than 333,000 residents and nearly 327,000 daytime employees. Residents within 1 mile of the subject property feature an average household income of $62,639.