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Single-Tenant Office Medical

DaVita Dialysis

805 Old Mill St, Tuscaloosa, AL 35401

Listing Price: $2,193,900

Cap Rate
6.50%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
9.5
Gross SF
7,416
Guarantor
Corporate Guarantee
Rentable SF
7,416
Price/Gross SF
$295.83
Lease Type
Double Net
Rent Per Square Feet
$19.22

Investment Overview

Marcus & Millichap is pleased to present a DaVita Dialysis with nearly 10 years of term remaining and a new eight-year extension of a double net lease. DaVita has operated at this location since 2007 and continues to further its commitment to the site. The lease offers 1.75% annual increases through the base term of the extension. This highly active, high-volume clinic is located close to multiple hospitals with over 900 Beds combined and near 14 nursing/assisted living facilities. The area is also heavily populated with over 119,000 people living within five miles. Located in a certificate of need state there is limited competition. The property has been a dialysis center since 1993 with a full gut renovation. DaVita took over the property in 2007 and completed an interior renovation in 2013.

Investment Highlights

  • Nearly 10 Years of Term Remaining on a DaVita Dialysis Double Net Lease
  • DaVita Renewed Two Years Early for an Additional Eight Years Furthering Their Commitment to the Site
  • Long Operating History | Dialysis Center Since 1993 | DaVita has Operated at this Location Since 2007
  • Located Within a Certificate of Needs State | Limits Competition
  • Near Multiple Hospitals (900 Beds) and Over 14 Assisted Living/Nursing Home Facilities

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Single-Tenant Office Medical

DaVita Dialysis

Listing Price: $2,193,900

Cap Rate
6.50%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
9.5
Gross SF
7,416
Guarantor
Corporate Guarantee
Rentable SF
7,416
Price/Gross SF
$295.83
Lease Type
Double Net
Rent Per Square Feet
$19.22

Investment Highlights

  • Nearly 10 Years of Term Remaining on a DaVita Dialysis Double Net Lease
  • DaVita Renewed Two Years Early for an Additional Eight Years Furthering Their Commitment to the Site
  • Long Operating History | Dialysis Center Since 1993 | DaVita has Operated at this Location Since 2007
  • Located Within a Certificate of Needs State | Limits Competition
  • Near Multiple Hospitals (900 Beds) and Over 14 Assisted Living/Nursing Home Facilities

Investment Overview

Marcus & Millichap is pleased to present a DaVita Dialysis with nearly 10 years of term remaining and a new eight-year extension of a double net lease. DaVita has operated at this location since 2007 and continues to further its commitment to the site. The lease offers 1.75% annual increases through the base term of the extension. This highly active, high-volume clinic is located close to multiple hospitals with over 900 Beds combined and near 14 nursing/assisted living facilities. The area is also heavily populated with over 119,000 people living within five miles. Located in a certificate of need state there is limited competition. The property has been a dialysis center since 1993 with a full gut renovation. DaVita took over the property in 2007 and completed an interior renovation in 2013.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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