17524 E Carriageway Dr, Hazel Crest, IL 60429

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Building Details:

17524 E Carriageway Dr is located in Hazel Crest, IL.

**This property is one of 6 in the investment portfolio. May be purchased separately or, for the first time, individually**

This 10,503 sq. ft. freestanding building is home to Fresenius Medical Care, the world' s largest integrated provider of products and services for individuals undergoing dialysis because of chronic kidney failure. FMC occupies 7,003 sq. ft. and there is an additional 3,500 sq. ft. available in the building for multi-tenant use. The property has a lease guarantee by Fresenius Medical Care Holdings, Inc which holds 32% of the market share for US dialysis care.

As one of only 13 states in the nation requiring a Certificate of Need (CON) for renal failure/dialysis facilities, there is a high barrier of entry to operate and severe repercussions relating to cost and time against relocating. FMC holds a Certificate of Need for its location at 17524 East Carriageway Drive, which provides the intrinsic value of legally limiting competition in the area.

17524 E Carriageway is in the primarily residential suburb of Hazel Crest, a village of Cook County that is approximately 23 miles South of downtown Chicago. The property is situated just off of the popular 175th Street and has great accessibility as it is within close proximity of Interstate 80 and Interstate 294. As it is near the South Suburban Cancer Center, Advocate South Suburban Hospital and Fitzsimmons Hospital Services, this FMC location is ideally seated because it' s medical-based neighbors help to draw patients. Furthermore, the strong demographic area of Hazel Crest provides sufficient stability for the treatment facility to maintain future growth.

Year 10 IRR: 13.9%