7,416 square foot Fresenius Kidney Care on a 1.45 acre lot offered for $1,448,275.

The KLNB Retail Single Tenant Net Lease Group has been selected as the exclusive agent to lead the disposition of a Fresenius Kidney Care dialysis center, addressed 856 Castell Road, Bruceton Mills, West Virginia. Peter Snell and Rich Sillery will handle this requirement from the company’s headquarters in Washington, D.C. The property is being offered for $1,448,275 at an 8.00% capitalization rate based on in-place income.

Situated in the city of Bruceton Mills, the property is located at the intersection of Sky View Drive and Casteel Road. With a 14,000 plus average daily traffic count, this property isideally positioned just off of Route 68 which acts as the primary east-west connector between Washington DC and Morgantown/Pittsburgh. Morgantown is located approximately 25 miles to the east; while Pittsburgh is just under 50 miles to the north. Additionally, the property is within close proximity of eight major hospitals with an aggregate of 1198 beds which drives demand.

Constructed in 2006, the facility was built to the tenant’s specifications. Fresenius Medical Care Holding is rated investment grade BBB credit according to Standard & Poor’s. Fresenius recently exercised their first option period, five-years remain on the double net lease with two five-year option periods thereafter.

“The building was constructed specifically for Fresenius, which just exercised its first option to stay at the location,”commented Peter Snell, who continue, “The aggressively priced 8.00% CAP rate, combined with the strong credit and financials of Fresenius, offers an investor the opportunity to purchase a strong yielding property in the growing medical office industry.”