Single-Tenant Office Medical
DaVita Dialysis
805 Old Mill St, Tuscaloosa, AL 35401
Listing Price: $1,854,000
Investment Overview
Marcus & Millichap is pleased to exclusively present a prime investment opportunity: a Double-Net Leased DaVita Dialysis facility. Currently, there are over eight years of lease term remaining and 1.75 percent annual increases. DaVita recently underwent an early renewal for the second time in 2022, with two additional five year options featuring 2 percent annual increases remaining. This is an established location with a 30-year operating history as a dialysis clinic, DaVita took over operations in 2007. It is located within a Certificate of Need State for Kidney Dialysis Treatment Centers, creating a high barrier of entry for competitors. This is a high-volume clinic, open six days a week, with three shifts per day at 18 chairs. Subject property is conveniently located near many hospitals and assisted living facilities.
Investment Highlights
- Double-Net Leased DaVita Dialysis | Publicly Traded Company | NYSE: DVA
- Over Eight Years Remaining with 1.75 Percent Annual Increases
- DaVita Executed an Early Renewal for the Second Time in 2022
- Established Location With a 30-Year Operating History as a Dialysis Center | DaVita Took Over Operations in 2007
- Located Within a Certificate of Need State For Kidney Dialysis Treatment Centers
- High Volume In-Center Hemodialysis Clinic | Open Six Days a Week | Monday Through Saturday
- Near Multiple Hospitals and Assisted Living/Nursing Home Facilities
Broker of Record
Financing By
Listing Price: $1,854,000
Investment Highlights
- Double-Net Leased DaVita Dialysis | Publicly Traded Company | NYSE: DVA
- Over Eight Years Remaining with 1.75 Percent Annual Increases
- DaVita Executed an Early Renewal for the Second Time in 2022
- Established Location With a 30-Year Operating History as a Dialysis Center | DaVita Took Over Operations in 2007
- Located Within a Certificate of Need State For Kidney Dialysis Treatment Centers
- High Volume In-Center Hemodialysis Clinic | Open Six Days a Week | Monday Through Saturday
- Near Multiple Hospitals and Assisted Living/Nursing Home Facilities
Investment Overview
Marcus & Millichap is pleased to exclusively present a prime investment opportunity: a Double-Net Leased DaVita Dialysis facility. Currently, there are over eight years of lease term remaining and 1.75 percent annual increases. DaVita recently underwent an early renewal for the second time in 2022, with two additional five year options featuring 2 percent annual increases remaining. This is an established location with a 30-year operating history as a dialysis clinic, DaVita took over operations in 2007. It is located within a Certificate of Need State for Kidney Dialysis Treatment Centers, creating a high barrier of entry for competitors. This is a high-volume clinic, open six days a week, with three shifts per day at 18 chairs. Subject property is conveniently located near many hospitals and assisted living facilities.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments