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Single-Tenant Office Medical

DaVita Kidney Dialysis Center | Outside Pittsburgh | Life-Sustaining Kidney Healthcare

703 Main St, Bridgeport (Outside Pittsburgh), OH 43912

Listing Price: $3,167,800

Cap Rate
5.50%
Tenant Name
DaVita Kidney Dialysis
Years Remaining On Lease
11.1
Gross SF
6,740
Guarantor
Corporate Guarantee
Rentable SF
6,740
Price/Gross SF
$470.00
Lease Type
Double Net
Rent Per Square Feet
$25.85

Investment Overview

Bridgeport is a village in eastern Belmont County. It lies across the Ohio River from Wheeling, West Virginia, at the mouth of Wheeling Creek and is connected by two bridges to Wheeling Island and is part of the Wheeling metropolitan area. The Wheeling, WV-OH Metropolitan Statistical Area, as defined by the United States Census Bureau, is an area consisting of two counties in the Northern Panhandle of West Virginia and one in eastern Ohio, anchored by the city of Wheeling. As of the 2010 census, the MSA had a population of 147,950. Greater Wheeling is generally considered part of the Pittsburgh Tri-State area, as the area is heavily influenced by Pittsburgh media and transportation (notably Pittsburgh International Airport), as well as some Ohio media and sports influence.

Investment Highlights

  • Long Term Corporate Backed Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2019 Construction.
  • Providing Life Sustaining Treatments for Dialysis Patients - DaVita is one of the Nations Leading Provider of Products and Services for People with Chronic Kidney Failure.
  • DaVita features a S&P Credit Rating of "BB" and a Moody's Rating of "Ba3" with Annual Revenues in Excess of $11.61B.
  • Near East Ohio Regional Hospital - a 140 Bed Hospital that offers a variety of Medical Services including Emergency Care, Diagnostic Imaging, Laboratory Services, and Physical Therapy.
  • Minutes from Wheeling Hospital - a Historic 223-Bed Hospital. It is one of the oldest Hospitals in the U.S. in Continuous Operation w/ a Medical Staff of 300+ Primary Care and Specialty Physicians.
  • Positioned Along Area's Retail, Traffic & Medical Corridor - Features Easy Access & Excellent Visibility. Immediate Access to Interstate-70 and Near US Hwy 7.
  • A Short Drive from Wheeling University - a Highly Ranked Private Catholic University with a Total Enrollment around 1,200 Students.
  • In Close Proximity to Numerous and Various Nursing Services including, Rolling Hills Nursing Center, Visiting Angels, IC Care, and many more.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Single-Tenant Office Medical

DaVita Kidney Dialysis Center | Outside Pittsburgh | Life-Sustaining Kidney Healthcare

Listing Price: $3,167,800

Cap Rate
5.50%
Tenant Name
DaVita Kidney Dialysis
Years Remaining On Lease
11.1
Gross SF
6,740
Guarantor
Corporate Guarantee
Rentable SF
6,740
Price/Gross SF
$470.00
Lease Type
Double Net
Rent Per Square Feet
$25.85

Investment Highlights

  • Long Term Corporate Backed Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2019 Construction.
  • Providing Life Sustaining Treatments for Dialysis Patients - DaVita is one of the Nations Leading Provider of Products and Services for People with Chronic Kidney Failure.
  • DaVita features a S&P Credit Rating of "BB" and a Moody's Rating of "Ba3" with Annual Revenues in Excess of $11.61B.
  • Near East Ohio Regional Hospital - a 140 Bed Hospital that offers a variety of Medical Services including Emergency Care, Diagnostic Imaging, Laboratory Services, and Physical Therapy.
  • Minutes from Wheeling Hospital - a Historic 223-Bed Hospital. It is one of the oldest Hospitals in the U.S. in Continuous Operation w/ a Medical Staff of 300+ Primary Care and Specialty Physicians.
  • Positioned Along Area's Retail, Traffic & Medical Corridor - Features Easy Access & Excellent Visibility. Immediate Access to Interstate-70 and Near US Hwy 7.
  • A Short Drive from Wheeling University - a Highly Ranked Private Catholic University with a Total Enrollment around 1,200 Students.
  • In Close Proximity to Numerous and Various Nursing Services including, Rolling Hills Nursing Center, Visiting Angels, IC Care, and many more.

Investment Overview

Bridgeport is a village in eastern Belmont County. It lies across the Ohio River from Wheeling, West Virginia, at the mouth of Wheeling Creek and is connected by two bridges to Wheeling Island and is part of the Wheeling metropolitan area. The Wheeling, WV-OH Metropolitan Statistical Area, as defined by the United States Census Bureau, is an area consisting of two counties in the Northern Panhandle of West Virginia and one in eastern Ohio, anchored by the city of Wheeling. As of the 2010 census, the MSA had a population of 147,950. Greater Wheeling is generally considered part of the Pittsburgh Tri-State area, as the area is heavily influenced by Pittsburgh media and transportation (notably Pittsburgh International Airport), as well as some Ohio media and sports influence.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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