Investment Overview

Marcus & Millichap is pleased to present this 6,275 square foot facility for DaVita Kidney Care. Located in Longview, Texas this attractive freestanding medical office building situated on 2.29 +/- acres was carefully site selected by DaVita. The tenant currently has over seven years remaining on recent seven year lease extension. During the term of the lease there will be 1.50 percent annual rental increases. This DaVita dialysis facility benefits from being located directly next to the 224-bed Longview Regional Medical Center. Furthermore, the facility is surrounded by medical buildings and is located within close proximity to 10+ assisted living/ retirement facilities creating synergy for the tenant. DaVita operates 13 dialysis chairs, from 5am to 9pm on Mondays, Wednesdays and Fridays illustrating the underlying need for dialysis treatment at this clinic while enabling the flexibility for the tenant to add additional shifts over time. In addition, the tenant elected for a 7-year lease renewal as opposed to exercising their five-year option showing commitment to the location. Within a three mile radius of the subject property the area has seen an increase in population of 10.27 percent from 2010 - 2020.