This page tracks Fresenius Medical Care net lease properties observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the Fresenius Medical Care credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.
Fresenius Medical Care is investment grade. Fresenius Medical Care AG carries credit ratings of BBB- from S&P Global Ratings, Baa3 (Stable outlook) from Moody’s and BBB- from Fitch Ratings: all investment grade (BBB-/Baa3 or higher). Ratings checked October 8, 2026. Ratings change; confirm before relying on any figure here. See the Fresenius Medical Care credit rating and NNN cap rate profile and the investment grade credit tenant ratings table.
6 Fresenius Medical Care NNN properties observed for sale across 5 states as of October 2, 2026. Median asking cap rate 6.55% (range 5.75% to 7.25%). Median asking price $2.96M. Average remaining lease term 10.0 years (among 1 listings that state a term). Median building 4,910 SF. Figures update automatically from listing broker materials.
Fresenius Medical Care NNN Properties For Sale: Latest Listings
Up to twelve of the most recently listed single-tenant Fresenius Medical Care properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.
| Location | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|
| Sebastian, FL | $4,000,000 | 6.75% | $269,846 | n/a | 2017 | Not stated | Get full property data |
| Knoxville, TN | $1,926,534 | 6.35% | $122,335 | n/a | 1980 | Not stated | Get full property data |
| Zeeland, MI | $1,747,280 | 6.25% | $109,205 | n/a | 2001 | Not stated | Get full property data |
| La Junta, CO | $4,145,000 | 7.25% | $300,555 | n/a | 2016 | Not stated | Get full property data |
| Seminole, FL | $1,400,000 | 7.22% | n/a | 10.0 yrs | 1972 | Net | Get full property data |
Showing the 5 most recently listed of 6 observed listings; listings without a published asking price and cap rate are not shown here.
Search all 6 Fresenius Medical Care properties on the market
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.
Get new Fresenius Medical Care listings in your cap rate band
New Fresenius Medical Care net lease listings matched to your criteria, emailed as they are observed on the market. One email per match, nothing else.
Own a Fresenius Medical Care? Considering selling?
Investment Grade Income Property, LP advises owners nationally through Broker of Record co-listing partnerships in all 50 states. You choose the process: a quiet off-market placement with qualified 1031 buyers already searching this inventory, or a full on-market campaign. Either way it starts with a valuation benchmark against the live Fresenius Medical Care listings on this page.
Investment Grade Income Property, LP is a licensed commercial real estate brokerage. Your details are used to send the information you requested and are never shared with listing brokers without your permission.
What You Are Actually Buying
Fresenius Medical Care AG owned or operated 2,622 dialysis clinics in the United States at December 31, 2025, after acquiring 2, opening 15 and combining, closing or selling 19 during the year (Fresenius Medical Care Form 20-F for 2025). It says it leases most of its dialysis clinics, manufacturing, laboratory, warehousing and distribution, and administrative and sales facilities in the U.S. and other countries, and that it owns the dialysis clinics it does not lease.
Its North American holding company, Fresenius Medical Care Holdings, Inc., conducts business as Fresenius Medical Care North America. The ratings shown on this page belong to Fresenius Medical Care AG, so confirm whether the tenant is Fresenius Medical Care Holdings, Inc. or another subsidiary, and whether Fresenius Medical Care AG guarantees the lease.
Across the current inventory, 0% of listings with a reported build year were delivered in the last four years, and 17% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.
Fresenius Medical Care Cap Rate, Price and Term Distribution
These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.
| Asking Cap Rate Band | Listings | Share | Avg Asking Price |
|---|---|---|---|
| 5.50% to 5.99% | 1 | 17% | $13.70M |
| 6.00% to 6.49% | 2 | 33% | $1.84M |
| 6.50% to 6.99% | 1 | 17% | $4.00M |
| 7.00% and above | 2 | 33% | $2.77M |
| Asking Price Band | Listings | Share | Avg Cap Rate |
|---|---|---|---|
| Under $1.5M | 1 | 17% | 7.22% |
| $1.5M to $2.5M | 2 | 33% | 6.30% |
| $3.5M to $5M | 2 | 33% | 7.00% |
| $5M and above | 1 | 17% | 5.75% |
| Remaining Lease Term | Listings | Avg Cap Rate |
|---|---|---|
| 10 to 15 years | 1 | 7.22% |
| Lease Type (as marketed) | Listings |
|---|---|
| Not stated | 5 |
| Net | 1 |
How to read the pricing
The spread inside the Fresenius Medical Care inventory runs from 5.75% to 7.25%, against a median of 6.55%. Three variables help explain much of that spread, although these tables describe asking prices and do not isolate any single effect. First, remaining term, shown in the term table above. Second, geography, shown in the state table below. Third, lease structure and real estate quality: longer terms, stronger guarantors, absolute NNN structures and strong access generally ask lower cap rates, while leases with landlord responsibilities (NN) and secondary access generally ask higher ones; ground leases can price on either side, depending on rent and land value. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.
Where Fresenius Medical Care NNN Properties Are For Sale
Current inventory spans 5 states. Differences between states in the table below can reflect local buyer demand, growth, taxes and the mix of lease terms in each state’s listings as much as anything about the tenant, and small state samples can shift quickly.
| State | Listings | Avg Cap Rate | Avg Asking Price |
|---|---|---|---|
| FL | 2 | 6.99% | $2.70M |
| CA | 1 | 5.75% | $13.70M |
| CO | 1 | 7.25% | $4.15M |
| MI | 1 | 6.25% | $1.75M |
| TN | 1 | 6.35% | $1.93M |
Fresenius Medical Care as a 1031 Exchange Replacement Property
The median asking price in the current Fresenius Medical Care inventory is $2.96M, and about 33% of listings fall between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace. The points below are general information, not tax or legal advice; confirm your own situation with your qualified intermediary and tax advisor.
- Identify from the live list, not a stale one. Listings move. Replacement property must be identified within 45 days of the sale of the relinquished property (Internal Revenue Code section 1031(a)(3)), and the three-property rule in Treasury Regulation section 1.1031(k)-1(c)(4) lets you identify up to three properties regardless of value, so keep a backup that is realistically still available.
- Debt replacement matters. Liabilities on the relinquished property that the other party assumes, or that the property is transferred subject to, are treated as money received, and they can be offset by liabilities on the replacement property and by cash the taxpayer adds (Treasury Regulation section 1.1031(d)-2). Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage, so run your debt numbers before you identify.
- Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, weigh remaining term and options alongside cap rate.
- Certainty of closing matters. The replacement property must be received within 180 days of the sale, or by the due date, including any extension, of the tax return for the year of the sale if that comes first (Internal Revenue Code section 1031(a)(3)). A clean estoppel, a current lease and no pending relocation reduce closing risk.
For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.
Fresenius Medical Care NNN Due Diligence Checklist
These are the items that change the value of a Fresenius Medical Care listing and are rarely resolved by the offering memorandum.
- Tenant entity and guaranty. Identify the exact Fresenius entity on the lease and any guaranty from Fresenius Medical Care AG or Fresenius Medical Care Holdings, Inc.
- Clinic build-out and reuse. Dialysis clinics can carry water treatment systems and other clinical improvements. Quantify the cost to convert the space for another user and who owns the improvements at expiration.
- Remaining term and consolidation risk. Fresenius combined, closed or sold 19 U.S. clinics in 2025 while opening 15. Compare the remaining term and options with your hold period, and ask about the clinic’s patient census and any nearby Fresenius clinics.
- Term, options and escalations. Verify remaining term, the escalation schedule and the number, length and rent of any renewal options.
How Investment Grade Works With Fresenius Medical Care Buyers
Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On a Fresenius Medical Care acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On the majority of transactions, there is no separate fee to you as the buyer, because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.
Owners of existing Fresenius Medical Care properties can use this page as a valuation benchmark. If you are weighing a sale, we can discuss an off-market sale to a qualified 1031 buyer as well as a broad marketing process.
Frequently Asked Questions
How many Fresenius Medical Care NNN properties are for sale right now?
As of October 2, 2026, 6 single-tenant Fresenius Medical Care net lease properties are observed for sale across 5 states. The count updates automatically as listings are added and removed.
Is Fresenius Medical Care investment grade?
Fresenius Medical Care AG carries credit ratings of BBB- from S&P Global Ratings, Baa3 (Stable outlook) from Moody’s and BBB- from Fitch Ratings: all investment grade (BBB-/Baa3 or higher). Ratings checked October 8, 2026.
What cap rate do Fresenius Medical Care NNN properties sell at?
The current median asking cap rate is 6.55%, with the inventory ranging from 5.75% to 7.25%. Longer term, stronger markets and absolute NNN structures generally ask cap rates at the lower end of the range.
How much does a Fresenius Medical Care NNN property cost?
The median asking price in the current inventory is $2.96M, with listings from $1.40M to $13.70M. About 33% fall between 1.5 and 3.5 million dollars.
Who signs the lease on a Fresenius Medical Care property?
The tenant is the Fresenius entity named in the lease. Fresenius Medical Care Holdings, Inc. is the holding company for its North American operations, and the ratings on this page are Fresenius Medical Care AG’s, so confirm the signatory and whether Fresenius Medical Care AG guarantees the lease.
Is a Fresenius Medical Care property a good 1031 exchange replacement?
It depends on your equity, your debt replacement requirement and your hold period. The median asking price is $2.96M and about 33% of inventory sits between 1.5 and 3.5 million dollars. Term, lease structure and certainty of closing matter as much as the headline cap rate within the 45-day identification period.
Working a Fresenius Medical Care acquisition or a 1031 identification deadline? Register on any listing above for full property data and a due diligence review, or email steve@investmentgrade.pro with your price range, target states and closing timeline and we will screen the live inventory for you.
