Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale this 7,375 square foot facility for DaVita Kidney Care. Located in Detroit, Michigan this attractive freestanding medical office building situated on 1.03 +/- acres was carefully site selected by DaVita. The tenant currently has five years and nine months remaining on the early executed five-year lease extension. During the term of the lease there will be 1.50 percent annual rental increases. The strength of DaVita as the tenant with a guarantee from Total Renal Care, Inc. (DaVita’s second largest guarantor) allows for a stable, low risk investment. This facility has 21 dialysis stations. The tenant operates six days per week, approximately 75 hours per week for dialysis treatment. DaVita recently updated the interior and replaced the water filtration system in the clinic showing commitment to the location. Situated directly off of the historical Woodward Avene the clinic benefits from daily traffic counts exceeding 23,600 VPD. Furthermore the building is located adjacent to the new $400 million, 3.8 million square-foot Amazon distribution development which is proposed to bring 1,200 new jobs to the area. The building is also located just down the street from a newer and active large retail development consisting of many national tenants including Chase, Meijer, Auto Zone, Planet Fitness, Starbucks etc.. Furthermore the tenant benefits from being located within close proximity to 10 plus assisted living facilities. It is also closely situated to the 484 bed Ascension Macomb Hosptial, 576 bed Ascension Providence - Southfield Campus Hospital, 350 bed DMC Sinai Grace Hospital, and the 136 bed Henry Ford Kingswood Hospital creating great synergy for the tenant.