Fresenius Kidney Care

• Investment Grade Operator – The clinic is operated by Fresenius Medical Care (NYSE: FMS), a global leader in kidney care products and services. Its parent company, Fresenius Medical Care AG, maintains investment grade credit ratings of BBB- from S&P and Baa3 from Moody’s.
• 30+ Year Dialysis Operating History – The property has been continuously operated as a dialysis clinic since 1995. The tenant has extended its lease six times over three decades, most recently in June 2024, committing to the location through December 2029 approximately two and a half years ahead of expiration.
• Comprehensive In-Center and Home Dialysis Services – According to Medicare.gov, this clinic provides in-center hemodialysis, peritoneal dialysis, and home hemodialysis training. This broad service offering positions the clinic to support continued demand across multiple dialysis treatment models and capture a wide patient base.
• Growing Dialysis Market – The global dialysis market is projected to reach $138.7 billion by 2030, representing a compound annual growth rate of 5.1% and reflecting continued demand for dialysis products and services.
• Income Tax-Free State – Florida has no individual state income tax, providing investors with a favorable tax environment and potential for additional cash flow.
• Low Rent Clinic – Rent of $18.84/SF beginning in 2027 remains below comparable Fresenius clinics across Florida, providing an attractive basis and likely renewal upside.
• Senior-Driven Healthcare Market – Over half of Punta Gorda’s residents (53.5%) were 65 or older at the 2020 Census, and Charlotte County’s 65+ share is 40.6%, nearly double Florida’s 21.8% and more than double the national 18%. This makes the location a desirable one for the tenant and for a range of healthcare providers, and it supports steady demand for dialysis and other medical services.
• Retained Through 2026 Network Optimization – Fresenius retained the Punta Gorda clinic throughout its 2026 nationwide footprint optimization, in which the company closed 100 underperforming clinics. This shows a clear vote of confidence in the clinic and a commitment to the site, backed by its strong clinic-level operations and low rent.