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Single-Tenant Office Medical

DaVita Dialysis

165 Savannah Garden Dr, Carthage, NC 28327

Listing Price: $2,070,000

Cap Rate
6.35%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
6,260
Lease Type
Double Net
Rent Per Square Feet
$21.00

Investment Overview

DaVita Inc. is a Fortune 500® health care provider focused on transforming care delivery to improve quality
of life for patients around the globe. The company is the largest provider of kidney care services in the U.S.
and has been a leader in clinical quality and innovation for 20 years. Through DaVita Kidney Care, the
company treats patients with chronic kidney failure and end stage renal disease.
Carthage is the county seat of Moore County in North Carolina, home to an estimated 2,635 residents. The town’s downtown is currently undergoing a revitalization project, projected to begin construction in late 2025. This multiphase, multi-year project is intended to improve the safety of pedestrians and drivers traveling through downtown as well as improve the appearance of the core of the Carthage community to promote economic and community development.

Investment Highlights

  • 10+ Years Remaining on Lease Term with DaVita
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • 48,170 Residents within a 10-Mile Radius
  • Households and Population Projected to Increase 8-10% in the Immediate Area Over the Next 5 Years
  • Adjacent to Carriage Place Townhomes and Southbury Single-Family Homes - Two New Housing Communities Developed by D.R. Horton

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Financing By

Single-Tenant Office Medical

DaVita Dialysis

Listing Price: $2,070,000

Cap Rate
6.35%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
6,260
Lease Type
Double Net
Rent Per Square Feet
$21.00

Investment Highlights

  • 10+ Years Remaining on Lease Term with DaVita
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • 48,170 Residents within a 10-Mile Radius
  • Households and Population Projected to Increase 8-10% in the Immediate Area Over the Next 5 Years
  • Adjacent to Carriage Place Townhomes and Southbury Single-Family Homes - Two New Housing Communities Developed by D.R. Horton

Investment Overview

DaVita Inc. is a Fortune 500® health care provider focused on transforming care delivery to improve quality of life for patients around the globe. The company is the largest provider of kidney care services in the U.S. and has been a leader in clinical quality and innovation for 20 years. Through DaVita Kidney Care, the company treats patients with chronic kidney failure and end stage renal disease. Carthage is the county seat of Moore County in North Carolina, home to an estimated 2,635 residents. The town’s downtown is currently undergoing a revitalization project, projected to begin construction in late 2025. This multiphase, multi-year project is intended to improve the safety of pedestrians and drivers traveling through downtown as well as improve the appearance of the core of the Carthage community to promote economic and community development.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

Financing By

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