- Description
- Details
PRICING / CAP RATE $1,593,750 / 6.8% CAP
Property Address 1507 Hillview Drive, Hillsboro, Texas
Tenant Bio-Medical Applications of Texas, Inc., d/b/a Fresenius Kidney Care Hillsboro
Building Size 8,500 square feet
NOI - Effective 11/1/2025 $108,375.00 with 2.4% annual increases
Lease Expiration August 31, 2030
Lease Structure Triple net with limited landlord responsibilities
Fresenius is the largest provider of dialysis related products and services worldwide
Tenant has 20-year operating history at the site
Tenant recently signed a new 5-year lease renewal indicating strong commitment to the site
Tenant agreed to a 6.8% rent increase for the first year of the renewal term with 2.4% annual increases thereafter
Limited landlord responsibilities
Exceptional location at the northeast quadrant of Interstate 35 and Corsicana Highway (Route 22)
Property Address 1507 Hillview Drive, Hillsboro, Texas
Tenant Bio-Medical Applications of Texas, Inc., d/b/a Fresenius Kidney Care Hillsboro
Building Size 8,500 square feet
NOI - Effective 11/1/2025 $108,375.00 with 2.4% annual increases
Lease Expiration August 31, 2030
Lease Structure Triple net with limited landlord responsibilities
Fresenius is the largest provider of dialysis related products and services worldwide
Tenant has 20-year operating history at the site
Tenant recently signed a new 5-year lease renewal indicating strong commitment to the site
Tenant agreed to a 6.8% rent increase for the first year of the renewal term with 2.4% annual increases thereafter
Limited landlord responsibilities
Exceptional location at the northeast quadrant of Interstate 35 and Corsicana Highway (Route 22)
- Property Type : HealthCare
- Class : C
- Listing Size : 8,500
- Year Built : 2005
- Stories : 1
- Typical Floor Size : 33,316
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