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Single-Tenant Office Medical

DAVITA KIDNEY CARE

195 bunting drive, Ozark, AL 36360

Listing Price: $3,682,000

Cap Rate
6.00%
Tenant Name
DAVITA KIDNEY CARE
Years Remaining On Lease
7.3
Gross SF
7,576
Guarantor
Corporate Guarantee
Rentable SF
7,576
Price/Gross SF
$486.01
Lease Type
Double Net
Rent Per Square Feet
$29.16

Investment Overview

OZARK IS THE COUNTY SEAT OF DALE COUNTY, ALABAMA NEAR OZARK PEDIATRIC CLINIC AND DALE MEDICAL CENTER OVER 13,900 RESIDENTS WITHIN FIVE MILES / AVERAGE HOUSEHOLD INCOME OF $54,982 WITHIN FIVE MILES

Investment Highlights

  • CORPORATE GUARANTEE - DAVITA, INC - 2,776 OUTPATIENT DIALYSIS CENTERS
  • PUBLIC COMPANY: NYSE (DVA)
  • BUILD-TO-SUIT CLINIC - OPERATED SINCE 2015
  • ABOUT 7 ½ YEARS REMAIN
  • 10% RENTAL INCREASES EVERY FIVE YEARS (NEXT ON 10/4/2025)
  • TWO – FIVE YEAR OPTIONS WITH RENT INCREASES
  • DOUBLE-NET LEASE - VERY LIMITED LANDLORD RESPONSIBILITIES

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Single-Tenant Office Medical

DAVITA KIDNEY CARE

Listing Price: $3,682,000

Cap Rate
6.00%
Tenant Name
DAVITA KIDNEY CARE
Years Remaining On Lease
7.3
Gross SF
7,576
Guarantor
Corporate Guarantee
Rentable SF
7,576
Price/Gross SF
$486.01
Lease Type
Double Net
Rent Per Square Feet
$29.16

Investment Highlights

  • CORPORATE GUARANTEE - DAVITA, INC - 2,776 OUTPATIENT DIALYSIS CENTERS
  • PUBLIC COMPANY: NYSE (DVA)
  • BUILD-TO-SUIT CLINIC - OPERATED SINCE 2015
  • ABOUT 7 ½ YEARS REMAIN
  • 10% RENTAL INCREASES EVERY FIVE YEARS (NEXT ON 10/4/2025)
  • TWO – FIVE YEAR OPTIONS WITH RENT INCREASES
  • DOUBLE-NET LEASE - VERY LIMITED LANDLORD RESPONSIBILITIES

Investment Overview

OZARK IS THE COUNTY SEAT OF DALE COUNTY, ALABAMA NEAR OZARK PEDIATRIC CLINIC AND DALE MEDICAL CENTER OVER 13,900 RESIDENTS WITHIN FIVE MILES / AVERAGE HOUSEHOLD INCOME OF $54,982 WITHIN FIVE MILES

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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