Cove LaPlace Dialysis DST

LaPlace, LA


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

Property Description

An all-cash/debt-free offering. LaPlace Dialysis DST is a 7,090 SF medical center leased to tenant Fresenius Kidney Care and corporately backed by Fresenius Medical Care Holdings (NYSE:FMS). The offering has 11 years remaining on the primary lease term with three five-year renewable options.

Located in a favorable location beside South Lake Surgery Center and benefits from excellent visibility along Belle Terre Blvd; as well as has direct access to Route 10 and Route 55.

MSA Details

LaPlace is a census-designated place in St. John the Baptist Parish, Louisiana. LaPlace is situated along the east bank of the Mississippi River, a community that is located 25 miles west of New Orleans and is part of the New Orleans metropolitan area. The Port of South Louisiana is headquartered in LaPlace, and transportation assets for residents and distribution companies include Interstates 10 and 55 along with U.S. Route 51. Students can attend high-ranking St. John the Baptist Parish Schools. The city’s nickname is “Andouille Capital of the World” that refers to a variety of spicy sausage.

Property Highlights

  • All-cash/debt-free offering; 7,090 SF medical net lease built in 2016
  • Long-term net lease through December 31, 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
  • 100% occupied
  • Investment grade tenant
  • Excellent access and visibility on Belle Terre Blvd and direct access to Route 10 and Route 55
  • About 30 minutes from New Orleans and its hospitals, infrastructure, etc.

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 FNEX Capital, member FINRASIPC.

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.