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Single-Tenant Office Medical

DaVita Dialysis

231 Kelley St, Lake City, SC 29560

Listing Price: $896,318

Cap Rate
5.75%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
10.3
Gross SF
11,000
Guarantor
Subsidiary of a Corporation
Rentable SF
11,000
Price/Gross SF
$81.48
Lease Type
Double Net
Rent Per Square Feet
$5.50

Investment Overview

Marcus & Millichap is pleased to present DaVita Dialysis located in Lake City, South Carolina. This DaVita Dialysis has a 15-year lease with 10 years remaining on term. There is a 10 percent increase every five years including at the start of the option periods to hedge against inflation. Guaranteed by Total Renal Care, Incorporated, DaVita’s largest wholly-owned subsidiary. Tenant has a strong national, high-credit tenant. Minimal landlord responsibilities. The landlord responsible for roof, structure, and parking lot. Low rent per square foot, making it a difficult location for DaVita Dialysis to replace. Strong commitment to the center has it was renovated in 2017 for DaVita Dialysis. Minimal competition with this property being one of two dialysis centers within 15 miles. Closest DaVita Dialysis is 20 miles away. Next to new Marion Commons Senior Living Apartments with 45 units. The property is less than one mile to Lake City Community Hospital (26 staffed beds). Located directly across from Dollar Tree and Hibbett Sports anchored center. Surrounded by many national tenants, including Days Inn, Sonic, McDonald’s, Hardee’s, Tractor Supply, Advanced Auto Parts, Belk, Family Dollar And many more.

Investment Highlights

  • DaVita Dialysis 15-Year Lease with 10 Years Remaining on Term with a Corporate Guarantee
  • Minimal Landlord Responsibilities
  • Low Rent per Square Foot, Making it a Difficult Location for DaVita Dialysis to Replace
  • Strong Commitment to the Center | Build-to-Suit Renovation in 2017
  • Minimal Competition | One of Two Dialysis Centers Within 15 Miles
  • Next To New Marion Commons Senior Living Apartments | 45 Units
  • Less than One Mile to Lake City Community Hospital
  • Located Directly Across from Dollar Tree and Hibbett Sports Anchored Center

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Single-Tenant Office Medical

DaVita Dialysis

Listing Price: $896,318

Cap Rate
5.75%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
10.3
Gross SF
11,000
Guarantor
Subsidiary of a Corporation
Rentable SF
11,000
Price/Gross SF
$81.48
Lease Type
Double Net
Rent Per Square Feet
$5.50

Investment Highlights

  • DaVita Dialysis 15-Year Lease with 10 Years Remaining on Term with a Corporate Guarantee
  • Minimal Landlord Responsibilities
  • Low Rent per Square Foot, Making it a Difficult Location for DaVita Dialysis to Replace
  • Strong Commitment to the Center | Build-to-Suit Renovation in 2017
  • Minimal Competition | One of Two Dialysis Centers Within 15 Miles
  • Next To New Marion Commons Senior Living Apartments | 45 Units
  • Less than One Mile to Lake City Community Hospital
  • Located Directly Across from Dollar Tree and Hibbett Sports Anchored Center

Investment Overview

Marcus & Millichap is pleased to present DaVita Dialysis located in Lake City, South Carolina. This DaVita Dialysis has a 15-year lease with 10 years remaining on term. There is a 10 percent increase every five years including at the start of the option periods to hedge against inflation. Guaranteed by Total Renal Care, Incorporated, DaVita’s largest wholly-owned subsidiary. Tenant has a strong national, high-credit tenant. Minimal landlord responsibilities. The landlord responsible for roof, structure, and parking lot. Low rent per square foot, making it a difficult location for DaVita Dialysis to replace. Strong commitment to the center has it was renovated in 2017 for DaVita Dialysis. Minimal competition with this property being one of two dialysis centers within 15 miles. Closest DaVita Dialysis is 20 miles away. Next to new Marion Commons Senior Living Apartments with 45 units. The property is less than one mile to Lake City Community Hospital (26 staffed beds). Located directly across from Dollar Tree and Hibbett Sports anchored center. Surrounded by many national tenants, including Days Inn, Sonic, McDonald’s, Hardee’s, Tractor Supply, Advanced Auto Parts, Belk, Family Dollar And many more.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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