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Single-Tenant Office Medical

DaVita Dialysis Corpus Christi, TX

1533 Holly Rd, Corpus Christi, TX 78417

Listing Price: $5,115,000

Cap Rate
6.00%
Tenant Name
DSI Renal Inc.
Years Remaining On Lease
6.8
Gross SF
7,930
Guarantor
Corporate Guarantee
Rentable SF
7,930
Price/Gross SF
$645.02
Lease Type
Absolute Net
Rent Per Square Feet
$38.69

Investment Overview

Marcus & Millichap is pleased to present a net-leased essential medical office investment opportunity in Corpus Christi, Texas. The property, built in 2008, is one hundred percent occupied by DaVita Dialysis (NYSE: DVA), the leading provider of renal care globally. The location has been, and continues to be, synonymous with providing life sustaining health services to the community since its inception.United States Renal data shows End Stage Renal Disease (ESRD) in the state of Texas continuing to rise, further highlighting the importance of this treatment center in the years ahead.

DaVita Corpus Christi is a high-volume clinic containing 24 dialysis stations. The facility is currently operating multiple shifts per day, six days per week, indicative of the strong demand for dialysis treatment. The lease is extremely attractive to an investor looking for passive incomeit features a rare absolute triple net corporate guaranty with 2.5% annual increases. There are four five-year options to extend the lease.

Corpus Christi is the eighth most populous city in Texas. The economy is primarily supported by the Port of Corpus Christi, the fifth largest US port, and the Naval Air Station, the largest employer in the city. There are multiple hospital systems servicing the market, along with assisted living and nursing facilities, which all contribute to the demand for dialysis treatment facilities and medical offices.Texas is an income tax free state, allowing the investor to achieve a favorable return on a secure and growing cash flow.

Investment Highlights

  • Absolute Net Lease | Zero Landlord Responsibilities
  • 2.5% Annual Rental Increases | Income Tax Free State
  • (Four) Five-Year Options to Renew Lease at Same Terms
  • High Volume Clinic | 24 Chairs | Open 6 Days/Week
  • Corporate Guarantee by DSI Renal Inc.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Single-Tenant Office Medical

DaVita Dialysis Corpus Christi, TX

Listing Price: $5,115,000

Cap Rate
6.00%
Tenant Name
DSI Renal Inc.
Years Remaining On Lease
6.8
Gross SF
7,930
Guarantor
Corporate Guarantee
Rentable SF
7,930
Price/Gross SF
$645.02
Lease Type
Absolute Net
Rent Per Square Feet
$38.69

Investment Highlights

  • Absolute Net Lease | Zero Landlord Responsibilities
  • 2.5% Annual Rental Increases | Income Tax Free State
  • (Four) Five-Year Options to Renew Lease at Same Terms
  • High Volume Clinic | 24 Chairs | Open 6 Days/Week
  • Corporate Guarantee by DSI Renal Inc.

Investment Overview

Marcus & Millichap is pleased to present a net-leased essential medical office investment opportunity in Corpus Christi, Texas. The property, built in 2008, is one hundred percent occupied by DaVita Dialysis (NYSE: DVA), the leading provider of renal care globally. The location has been, and continues to be, synonymous with providing life sustaining health services to the community since its inception.United States Renal data shows End Stage Renal Disease (ESRD) in the state of Texas continuing to rise, further highlighting the importance of this treatment center in the years ahead.

DaVita Corpus Christi is a high-volume clinic containing 24 dialysis stations. The facility is currently operating multiple shifts per day, six days per week, indicative of the strong demand for dialysis treatment. The lease is extremely attractive to an investor looking for passive incomeit features a rare absolute triple net corporate guaranty with 2.5% annual increases. There are four five-year options to extend the lease.

Corpus Christi is the eighth most populous city in Texas. The economy is primarily supported by the Port of Corpus Christi, the fifth largest US port, and the Naval Air Station, the largest employer in the city. There are multiple hospital systems servicing the market, along with assisted living and nursing facilities, which all contribute to the demand for dialysis treatment facilities and medical offices.Texas is an income tax free state, allowing the investor to achieve a favorable return on a secure and growing cash flow.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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