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Single-Tenant Office Medical

Corporate DaVita Lease Guarantee

1840 Southern Ln, Decatur, GA 30033

Listing Price: $4,497,500

Cap Rate
6.00%
Tenant Name
DVA Renal Healthcare, Inc.
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
10,666
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.30

Investment Overview

DaVita recently vacated the Subject Property and is the process of subleasing it. Notwithstanding the property’s current occupancy status, there are approximately 10.5 years remaining on the initial lease term with 10% rent increases every 5-years, which continue through each of the two, 5-year renewal option periods. The lease comes with a corporate guarantee from DaVita Inc., a Fortune 500 company with $11.6 billion in revenue and an estimated net worth of $2.3 billion. As of November 16,2022 DaVita provided dialysis services to a total of approximately 203,100 patients at 3,054 outpatient dialysis centers, of which 2,815 centers were located in the United States and 239 centers were located in ten countries outside of the United States. DaVita is recognized as one of “America’s Largest Public Companies” on the 2021 Forbes List and has been part of Fortune Magazine’s List of “World’s Most Admired Companies” for 12 consecutive years.

Investment Highlights

  • Long Term Corporate Lease with a Fortune 500 Company
  • Superior DaVita Lease Guarantee with Minimal Landlord Responsibilities
  • $125,198 Average Household Income in 1-Mile Radius
  • Atlanta MSA Location - Located 5 Miles from Downtown
  • Proximity to Emory University
  • Located Across from 466-Bed Atlanta VA Medical Center

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Single-Tenant Office Medical

Corporate DaVita Lease Guarantee

Listing Price: $4,497,500

Cap Rate
6.00%
Tenant Name
DVA Renal Healthcare, Inc.
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
10,666
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.30

Investment Highlights

  • Long Term Corporate Lease with a Fortune 500 Company
  • Superior DaVita Lease Guarantee with Minimal Landlord Responsibilities
  • $125,198 Average Household Income in 1-Mile Radius
  • Atlanta MSA Location - Located 5 Miles from Downtown
  • Proximity to Emory University
  • Located Across from 466-Bed Atlanta VA Medical Center

Investment Overview

DaVita recently vacated the Subject Property and is the process of subleasing it. Notwithstanding the property’s current occupancy status, there are approximately 10.5 years remaining on the initial lease term with 10% rent increases every 5-years, which continue through each of the two, 5-year renewal option periods. The lease comes with a corporate guarantee from DaVita Inc., a Fortune 500 company with $11.6 billion in revenue and an estimated net worth of $2.3 billion. As of November 16,2022 DaVita provided dialysis services to a total of approximately 203,100 patients at 3,054 outpatient dialysis centers, of which 2,815 centers were located in the United States and 239 centers were located in ten countries outside of the United States. DaVita is recognized as one of “America’s Largest Public Companies” on the 2021 Forbes List and has been part of Fortune Magazine’s List of “World’s Most Admired Companies” for 12 consecutive years.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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