401 Nippersink Ave, Round Lake, IL 60073

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Building Details:

401 Nippersink Ave is located in Round Lake, IL.

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

This 6,500 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' s single-tenant use building, constructed in 1960, stands on a 19,500 sq. ft. lot containing 23 parking spaces. 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 401 Nippersink Avenue, which provides the intrinsic value of legally limiting competition in the area.

401 Nippersink is in the Village of Round Lake, a rapidly growing community midway between Chicago to the South and Milwaukee to the North, with each downtown area about 46 miles from the village. As both cities have expanded to fill in the intervening areas with suburbs (a process known as metroplexing), the four communities of the Round Lake area have all seen unprecedented growth in recent years. The general area of Round Lake is known for its family-oriented attractions including Renwood Golf Course, Round Lake Park and Round Lake Beach. The property is located off of Nippersink Avenue, which is near the Round Lake Metra stop and popular area retailers.

**Year 10 IRR: 11.37%