Skip to main content

Single-Tenant Office Medical

DaVita Dialysis

805 Old Mill St, Tuscaloosa, AL 35401

Listing Price: $1,854,000

Cap Rate
7.10%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
8.4
Guarantor
Corporate Guarantee
Rentable SF
7,416
Lease Type
Double Net
Rent Per Square Feet
$17.75

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

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Single-Tenant Office Medical

DaVita Dialysis

Listing Price: $1,854,000

Cap Rate
7.10%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
8.4
Guarantor
Corporate Guarantee
Rentable SF
7,416
Lease Type
Double Net
Rent Per Square Feet
$17.75

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

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

MM Texture Background
MM Textured Background Lower