116 Jensen Rd Vestal, NY 13850

This exceptional investment opportunity presents a fee-simple ownership of the Fresenius Medical Building, a 17,878 square foot, single-story retail medical building situated on a 2.17-acre lot in Vestal, New York. Built in 2007, the property boasts 100% occupancy across three units, generating a strong net operating income (NOI) of $359,457 and a 9.00% cap rate. The anchor tenant, Fresenius Medical Care, holds a long-term lease with 7+ years remaining and two 5-year renewal options, featuring 3% annual rent increases starting in 2027. Fresenius, a credit-rated corporation with a strong financial history, has occupied the space since 2007, demonstrating a significant commitment to the location. A second tenant, Lourdes Sleep Lab, also occupies a unit, while a third unit is currently vacant but will be master-leased for one year upon closing. The property benefits from a prime location, seconds from Vestal Parkway E (NY Route 434), a major commercial corridor, and approximately 2.5 miles from the intersection of NY Routes 26 and 17. Furthermore, a 0.58-acre parcel adjacent to the building is zoned for commercial development, offering potential for an additional 8,000 square foot medical building, significantly enhancing future cash flow. The property's strategic location near Binghamton University and numerous national retailers contributes to its strong market position within a densely populated area with high average household incomes. The area's demographics and high traffic counts further solidify this investment's potential for long-term growth and profitability. Fresenius is the only dialysis clinic in Vestal, benefiting from a certificate of need state regulation.