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Single-Tenant Office Medical

DaVita Dialysis

716 Denbigh Blvd, Newport News, VA 23608

Listing Price: $1,590,000

Cap Rate
7.35%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
6,344
Lease Type
Ground Lease
Rent Per Square Feet
$18.41

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.
Newport News is situated in southeastern Virginia, home to over 186,000 residents. The city sits on a prime vantage point where the James River meets the Chesapeake Bay. Newport News runs approximately 23 miles along the James River and the Hampton Roads Harbor. It is located near Hampton, minutes from Williamsburg, and is a hour drive to Virginia Beach and the Atlantic Ocean.

Investment Highlights

  • 4+ Years Remaining on Lease with 3% Annual Rent Increases and Multiple Renewal Options
  • 147,121 Residents within a 5-Mile Radius - Growing Newport News Trade Area
  • Adjacent to Bon Secours Mary Immaculate Hospital (120+ Beds)
  • Located within the Denbigh Medical Center Office Complex
  • Average Household Income Exceeds $87,000 within the Surrounding Area

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Single-Tenant Office Medical

DaVita Dialysis

Listing Price: $1,590,000

Cap Rate
7.35%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
6,344
Lease Type
Ground Lease
Rent Per Square Feet
$18.41

Investment Highlights

  • 4+ Years Remaining on Lease with 3% Annual Rent Increases and Multiple Renewal Options
  • 147,121 Residents within a 5-Mile Radius - Growing Newport News Trade Area
  • Adjacent to Bon Secours Mary Immaculate Hospital (120+ Beds)
  • Located within the Denbigh Medical Center Office Complex
  • Average Household Income Exceeds $87,000 within the Surrounding Area

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. Newport News is situated in southeastern Virginia, home to over 186,000 residents. The city sits on a prime vantage point where the James River meets the Chesapeake Bay. Newport News runs approximately 23 miles along the James River and the Hampton Roads Harbor. It is located near Hampton, minutes from Williamsburg, and is a hour drive to Virginia Beach and the Atlantic Ocean.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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