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Single-Tenant Office Medical

Davita Dialysis

329 Merrimon Ave, Asheville, NC 28801

Listing Price: $3,450,000

Cap Rate
7.53%
Tenant Name
Davita Dialysis
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
9,986
Lease Type
Double Net
Rent Per Square Feet
$26.00

Investment Overview

Longstanding Dialysis Treatment Facility (Operating at location since 1999)

Large Format Clinic (20 Stations Running Six Days/Week)

Certificate of Need State( C.O.N. Regulations in North Carolina Create Significant Barrier to Entry for New Facilities and Relocation of Current Facilities)

Passive Double Net Lease Structure (Tenant Pays Taxes, Insurance and OpEx Directly)
Recent Capital Improvements (Roof Replaced in 2019, Two of Three HVAC Units Replaced in 2024)

Located in Asheville MSA (5 Miles North of Downtown, Located on Business State Highway 19 | AADT 15,000+)

Strong Population Growth (Estimated 18% Population Growth from 2010 - 2023)

Investment Highlights

  • Passive Double Net Lease Structure | Tenant Pays Taxes, Insurance and OpEx Directly
  • Located in Asheville MSA | 5 Miles North of Downtown Located on Business State Highway 19 | AADT 15,000
  • Large Format Clinic | 20 Stations Running Six Days/Week

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Single-Tenant Office Medical

Davita Dialysis

Listing Price: $3,450,000

Cap Rate
7.53%
Tenant Name
Davita Dialysis
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
9,986
Lease Type
Double Net
Rent Per Square Feet
$26.00

Investment Highlights

  • Passive Double Net Lease Structure | Tenant Pays Taxes, Insurance and OpEx Directly
  • Located in Asheville MSA | 5 Miles North of Downtown Located on Business State Highway 19 | AADT 15,000
  • Large Format Clinic | 20 Stations Running Six Days/Week

Investment Overview

Longstanding Dialysis Treatment Facility (Operating at location since 1999) Large Format Clinic (20 Stations Running Six Days/Week) Certificate of Need State( C.O.N. Regulations in North Carolina Create Significant Barrier to Entry for New Facilities and Relocation of Current Facilities) Passive Double Net Lease Structure (Tenant Pays Taxes, Insurance and OpEx Directly) Recent Capital Improvements (Roof Replaced in 2019, Two of Three HVAC Units Replaced in 2024) Located in Asheville MSA (5 Miles North of Downtown, Located on Business State Highway 19 | AADT 15,000+) Strong Population Growth (Estimated 18% Population Growth from 2010 - 2023)

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

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