Cocoa Dialysis DST

Cocoa, FL


Asset Class:Medical Net Lease
Leverage:0% - All-Cash/Debt-free
Location(s):Cocoa, FL
Minimum Investment:$25,000
Current Distribution:Monthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

An all-cash/debt-free offering in an income tax free state. Florida Dialysis 31 DST is a Fresenius Kidney Care Center which is corporately backed by Fresenius Medical Care Holdings (NYSE:FMS) and investment grade tenant. The property has 10 years remaining on the primary lease term with three five-year renewable options and benefits from being a debt free offering with no long-term loans encumbering the asset.

The property benefits from being located in a dense infill location and is surrounded by national retailers and local hospitals Rockledge Medical center, Healthfirst, and Wuesthoff Health System.

MSA Details

Cocoa is rich in history and offers many unique experiences. The City has a historic charm and boasts several historic landmarks such as the Historic Cocoa Village Playhouse, Porcher House, Derby Street Chapel, and the Moore Center to name a few. The City of Cocoa is ideally located in Central Brevard County accessible by Interstate 95, State Roads 528, 520, and 524, and within minutes to Port Canaveral, Kennedy Space Center, and beautiful beaches. The City is just a short drive to Orlando International Airport and area attractions. There is a historic downtown shopping district with a variety of stores and restaurants with waterfront views and historic venues for any special occasion. Historic Cocoa Village is a thriving downtown with special events taking place nearly every weekend, including family-friendly events such as July 4th, BBQ & Blues, Halloween in the Village, Craft Fairs, and more. The City of Cocoa has a lot to offer to the Space Coast community, for businesses, residents and tourists alike. Construction and retail trade are the two largest industries by employment in Cocoa. Kel-Tec CNC Industries, located in Cocoa, was the third-largest manufacturer of pistols in the United States. Cocoa hosts one of the facilities building SpaceX Starship

Property Highlights

  • All-cash/debt-free offering; 8,863 SF medical net lease built in 2021; 100% occupied
  • Long-term net lease through July 30, 2031 with three 5-year renewal options
  • The lease is corporately guaranteed by parent company Fresenius Medical Care Holdings (NYSE:FMS); BBB- rating by S&P
  • 1.5% annual rent increases after year 3
  • Surrounded by national retailers and local hospitals; Rockledge Medical center (298 beds) Healthfirst (150 patient beds) and Wuesthoff Health System and in close proximity to Orlando International Airport and Eastern Florida State College
  • Situated on Dixon Blvd (Traffic Count: 11,680 VPD) with direct access to major coastal Hwy-1: Cocoa Blvd (38,000 VPD) and Clearlake Road
  • Excellent Access and Visibility
  • Cocoa is part of Florida’s Space Coast, just 40-miles east of Orlando, the 29th largest city in the US

Source: Brochure

The market information provided above may not predict the future performance of the property.

*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.

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Risks & Disclosures

All offerings shown are Regulation D Rule 506c offerings.

This material has been prepared for accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney prior to considering an investment.

The information herein has been prepared for educational purposes only and does not constitute an offer to purchase securitie or real estate investments. Such offers are only made through the sponsors Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities.

IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax concepts, therefore you should consult your legal or tax professional regarding the specifics of your particular situation prior to considering an investment.

This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.

There are risks associated with investing in real estate and Delaware Statutory Trust (DST) properties including, but not limited to, loss of entire investment principal, declining market values, tenant vacancies and illiquidity.

Investors should read the PPM carefully before investing paying special attention to the risk section.

Because investors situations and objectives vary this information is not intended to indicate suitability for any particular investor. Please speak with your CPA and Attorney to determine if an investment in real estate and DST properties is suitable for your particular situation/circumstances.

Past performance is not indicative of future returns.

Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated.

There are significant limitations on the ability to sell or transfer interests.

Expected cash flows and returns may not be realized and a loss of invested capital is possible.

The Sponsor, Co-Sponsor, Master Tenant, Trustee & Affiliates will all receive substantial fees relating to the syndication, ongoing management and disposition of this offering.

Securities offered through Growth Capital Services, Member FINRA and SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.

There are important risks specific to each tenant and their respective leases, including expiration dates, early termination options, renewal options and economics relating to rents paid and expense reimbursements. Should a tenant fail to meet their obligations, terminate early or fail to renew their lease it could have a material negative impact on the financial performance of this property.