Fresenius - Bronx, NY

3160 Webster Ave
Bronx , NY 10467-4902

Fresenius - Bronx, NY - Retail for sale


Jones Lang LaSalle (“JLL”) is pleased to offer for sale the fee simple interest in a single-tenant, retail condo in The Bedford – a newly constructed 60-unit residential building in the Bronx, NY. The retail condo, located on the ground level, is leased to New York Dialysis Services, Inc. d/b/a Fresenius Medical Care (the “Property”, or “Asset”) on a brand-new 15 year lease with 2% annual increases starting in year 3. The Asset is located along Webster Avenue, one of the longest thoroughfares in the Bronx, stretching for 5.8 miles. This offering represents an exceptional opportunity to acquire a valuable property, with strong lease fundamentals, leased to an investment-grade tenant.

Investment Highlights

  • The tenant has 15 years of lease term remaining on a brand-new lease with 2% annual rent increases starting in year 3
  • The tenant has a corporate guarantee from Fresenius Medical Care Inc., which holds an investment grade credit rating of ‘BBB-’ by Standard & Poor’s
  • The building was completed in 2017 and includes 60 residential units and one ground floor retail condo with Fresenius being the first tenant to occupy the space
  • Located in a dense urban location with over 150,000 residents within a 1-mile radius and over 1 million residents within a 3-mile radius of the Asset
  • Just 0.2 miles from the 205th Subway Station offering direct access through the Bronx, Harlem, Manhattan, and Brooklyn via the D line
  • Located along Webster Avenue (15,000+ VPD) in close proximity to the Bronx River Parkway (104,000+ VPD)
  • Located in the Norwood neighborhood of the Bronx with neighboring tenants including: Bedford Park Elementary School, Fordham University, James J. Peters VA Medical Center, Montefiore Medical Center and Manhattan College
  • Minimal market competition with the nearest Fresenius located approximately 4.5 miles away
  • The Property is located in close proximity to many national retailers that help to draw additional traffic to the area including Crunch Fitness, McDonald’s, Rodeway Inn – Bronx Zoo, Family Dollar and Papa John’s Pizza

Property Type Retail
Tenure Type Sale / Purchase
Property Address 3160 Webster Ave, Bronx, NY 10467-4902
Building Size 10,000  ft2
Price $8,100,000
Cap Rate 5.56%
Current NOI $450,000.00
Tenant's Name New York Dialysis Services, Inc.
Guarantor Fresenius Medical Care AG & Company KGaA
Lease Type NNN
Annual Rent $450,000.00
Lease Expiration Date 12/31/2033
Remaining Term 14.6Yrs

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