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Single-Tenant Office Medical

Davita Hillsboro

1822 Senator Miller Dr, Hillsboro, IL 62049

Listing Price: $1,555,000

Cap Rate
7.00%
Tenant Name
Davita
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
5,207
Lease Type
Double Net
Rent Per Square Feet
$21.33

Investment Overview

Marcus & Millichap is pleased to present the DaVita Hillsboro site, located in Hillsboro, Illinois. The single tenant NN leased medical condo is leased by DaVita, an international provider of dialysis and kidney care. The lease extends until 2031, with annual rent increases every five years and three, five year renewal options. The asset provides the new investor the opportunity to own approximately 5,200 square feet of medical office space leased to a credited tenant. As mentioned, the property is currently leased to DaVita, an international provider of dialysis and kidney care. DaVita is credited with a Moody’s Rating of Ba2 and a S&P Rating of BB. DaVita operates more than 2,700 dialysis centers throughout the United State, and continuously growing each year. The property sits in Hillsboro, Illinois a small town approximately fifty miles south of Springfield, Illinois. The property is only one mile away from the nearest hospital, allowing ease of access for patients and doctors. The state of Illinois provides additional support for the property due to it’s status as a certificate of need (CON) state. A certificate of need state create limits on the development of new properties, which creates a high barrier of entry for competitors, benefiting owners of medical office properties.

Investment Highlights

  • Credited Tenant with a Moody's Rating of Ba2 and a S&P Rating of BB
  • Lease Extends Out Until 2031 with 3-5 Year Renewal Option Remaining
  • llinois is a Certificate of Need State, which Creates a Higher Barrier of Entry for Potential Competition

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Single-Tenant Office Medical

Davita Hillsboro

Listing Price: $1,555,000

Cap Rate
7.00%
Tenant Name
Davita
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
5,207
Lease Type
Double Net
Rent Per Square Feet
$21.33

Investment Highlights

  • Credited Tenant with a Moody's Rating of Ba2 and a S&P Rating of BB
  • Lease Extends Out Until 2031 with 3-5 Year Renewal Option Remaining
  • llinois is a Certificate of Need State, which Creates a Higher Barrier of Entry for Potential Competition

Investment Overview

Marcus & Millichap is pleased to present the DaVita Hillsboro site, located in Hillsboro, Illinois. The single tenant NN leased medical condo is leased by DaVita, an international provider of dialysis and kidney care. The lease extends until 2031, with annual rent increases every five years and three, five year renewal options. The asset provides the new investor the opportunity to own approximately 5,200 square feet of medical office space leased to a credited tenant. As mentioned, the property is currently leased to DaVita, an international provider of dialysis and kidney care. DaVita is credited with a Moody’s Rating of Ba2 and a S&P Rating of BB. DaVita operates more than 2,700 dialysis centers throughout the United State, and continuously growing each year. The property sits in Hillsboro, Illinois a small town approximately fifty miles south of Springfield, Illinois. The property is only one mile away from the nearest hospital, allowing ease of access for patients and doctors. The state of Illinois provides additional support for the property due to it’s status as a certificate of need (CON) state. A certificate of need state create limits on the development of new properties, which creates a high barrier of entry for competitors, benefiting owners of medical office properties.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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