| Leasehold Opportunity - On Campus Built-to-Suit Fresenius Dialysis Clinic (2004) |
| Long-Term Operating History | Fresenius recently executed a 7-year extension; lease now runs through August 31, 2033 |
| Ground Lease Through July 31, 2033 | Purchaser holds the absolute right to renew the ground lease for two additional 15-year terms |
| NNN Leasehold Structure |
| Alabama requires a Certificate of Need (CON) for dialysis centers, limiting competition and supporting tenant retention |
| Leasehold structure allows for depreciation of nearly the entire ownership basis, offering investors a meaningful tax benefit |
Kassidy Sevilla
Cook Commercial Partners
