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Single-Tenant Office Medical

DaVita

31470 Ecorse Rd, Romulus, MI 48174

Listing Price: $2,750,000

Cap Rate
5.60%
Tenant Name
DaVita
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Double Net
Rent Per Square Feet
$22.00

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale this 7,000 square foot facility for DaVita Kidney Care. Located in Romulus, Michigan this attractive freestanding medical office building situated on 0.97 +/- acres was carefully site selected by DaVita. The tenant currently has more than nine years remaining on the early executed ten-year lease extension. Additionally, the lease features a rare responsibility structure, limiting Landlord responsibilities to roof and structure only while the tenant is solely responsible for HVAC, parking lot and operating expenses. The strength of DaVita as the tenant with a corporate guarantee from DaVita, Inc. allows for a stable, low risk investment. During the term of the lease there will be a 10 percent rental increase on May 1, 2026. DaVita has two five-year options with 10 percent rental increases at the start of each option providing long-term stable cash flow and clear appreciation in value of the asset. DaVita is responsible for the day-to-day maintenance of the property, leaving the investor a passive investment. The tenant has 12 dialysis stations, including 1 located in a separation room. The facility benefits from being situated approximately two and a half miles from the 99-bed Beaumont Hospital Wayne which is the prescribing hospital for this location. Additionally, the clinic is located within close proximity to ten assisted living / retirement homes which refer their patients / residents to this dialysis facility creating strong synergy for the tenant. Located less than ten minutes from DTW Airport gives out-of-state investors quick and easy access to the location for site visits.

Investment Highlights

  • Nine Years & Four Months Remaining on Double Net Lease with 10 Percent Rental Increase May 1, 2026
  • 7,000 Square Foot Dialysis Clinic on 0.97 +/- Acres
  • Two Five-Year Options to Renew with 10 Percent Increase at Start of Each Option
  • "BB Stable" Standard & Poor's Rated Corporate Guaranty
  • Limited Landlord Responsibilities - Roof & Structure Only

Exclusively Listed By

Single-Tenant Office Medical

DaVita

Listing Price: $2,750,000

Cap Rate
5.60%
Tenant Name
DaVita
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Double Net
Rent Per Square Feet
$22.00

Investment Highlights

  • Nine Years & Four Months Remaining on Double Net Lease with 10 Percent Rental Increase May 1, 2026
  • 7,000 Square Foot Dialysis Clinic on 0.97 +/- Acres
  • Two Five-Year Options to Renew with 10 Percent Increase at Start of Each Option
  • "BB Stable" Standard & Poor's Rated Corporate Guaranty
  • Limited Landlord Responsibilities - Roof & Structure Only

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale this 7,000 square foot facility for DaVita Kidney Care. Located in Romulus, Michigan this attractive freestanding medical office building situated on 0.97 +/- acres was carefully site selected by DaVita. The tenant currently has more than nine years remaining on the early executed ten-year lease extension. Additionally, the lease features a rare responsibility structure, limiting Landlord responsibilities to roof and structure only while the tenant is solely responsible for HVAC, parking lot and operating expenses. The strength of DaVita as the tenant with a corporate guarantee from DaVita, Inc. allows for a stable, low risk investment. During the term of the lease there will be a 10 percent rental increase on May 1, 2026. DaVita has two five-year options with 10 percent rental increases at the start of each option providing long-term stable cash flow and clear appreciation in value of the asset. DaVita is responsible for the day-to-day maintenance of the property, leaving the investor a passive investment. The tenant has 12 dialysis stations, including 1 located in a separation room. The facility benefits from being situated approximately two and a half miles from the 99-bed Beaumont Hospital Wayne which is the prescribing hospital for this location. Additionally, the clinic is located within close proximity to ten assisted living / retirement homes which refer their patients / residents to this dialysis facility creating strong synergy for the tenant. Located less than ten minutes from DTW Airport gives out-of-state investors quick and easy access to the location for site visits.

Exclusively Listed By

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