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Single-Tenant Office Medical

DaVita Dialysis & WVU Medicine | CPI Rental Increases

201 Mary Higginson Ln, Uniontown, PA 15401

Listing Price: $2,753,000

Cap Rate
7.75%
Tenant Name
DaVita Dialysis | WVU Medicine
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
13,067
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.33

Investment Overview

Proximity to WVU Uniontown Hospital | 1.8 Miles
145-Bed Facility | 200+ Medical Staff | 30+ Medical Specialties

Annual Rental Increases | Hedge Against Inflation
DaVita has 1.5% Rental Increases
WVU Medicine has Greater of 3% or CPI Rental Increases

Recent Medical Developments in Immediate Area
New AHN Outpatient Facility Less Than One Mile Away

Large Medical Presence within Uniontown
UMPC Cancer Center, Allegheny Health, WVU Medicine

Investment Highlights

  • Pristine Facility | No Immediate CapEx Needed $200K+ of Recent Renovations $140K+ on WVU's Expense Showing Commitment to the Site
  • Both Tenants Recently Exercised Lease Extensions - WVU Medicine Recently Signed a 5-Year Lease in 2023 - DaVita Dialysis Exercised a 10-Year Lease Extension Early
  • NNN Lease with Limited LL Responsibilities - Passive Ownership Structure

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Single-Tenant Office Medical

DaVita Dialysis & WVU Medicine | CPI Rental Increases

Listing Price: $2,753,000

Cap Rate
7.75%
Tenant Name
DaVita Dialysis | WVU Medicine
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
13,067
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.33

Investment Highlights

  • Pristine Facility | No Immediate CapEx Needed $200K+ of Recent Renovations $140K+ on WVU's Expense Showing Commitment to the Site
  • Both Tenants Recently Exercised Lease Extensions - WVU Medicine Recently Signed a 5-Year Lease in 2023 - DaVita Dialysis Exercised a 10-Year Lease Extension Early
  • NNN Lease with Limited LL Responsibilities - Passive Ownership Structure

Investment Overview

Proximity to WVU Uniontown Hospital | 1.8 Miles 145-Bed Facility | 200+ Medical Staff | 30+ Medical Specialties Annual Rental Increases | Hedge Against Inflation DaVita has 1.5% Rental Increases WVU Medicine has Greater of 3% or CPI Rental Increases Recent Medical Developments in Immediate Area New AHN Outpatient Facility Less Than One Mile Away Large Medical Presence within Uniontown UMPC Cancer Center, Allegheny Health, WVU Medicine

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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