DaVita Dialysis

6,342 SF | Office Building | Atlanta, TX 75551 | $2,050,000 ($323/SF) | 7.24% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $2,050,000

Property Type
Office
Square Feet
6,342 SF
Price / Square Foot
$323

Listing Contacts

Klinton Lewis
Klinton Lewis
Verified Profile
  • Property Info

Property Overview

Embree Group is pleased to offer for sale a unique net-leased dialysis clinic leased to Total Renal Care, Inc. with the parent company DaVita Healthcare Partners, Inc. (corporate) as guarantor. This is an opportunity for an investor to acquire a well-established dialysis center newly built in 2014 for DaVita as a build-to-suit. The tenant currently has over 5 years of lease term remaining that includes 10% increases every five years. This location originally operated 7 stations with hours of operation from 5:45AM to 4:30PM Monday through Saturday, the tenant recently increased the number of stations to 13 and currently maintains the same hours of operation. The subject property currently has a 4-star rating from Medicare.

Property Details

Class
B
Year Built
2014
Stories
1
Property Subtype
Medical, Freestanding, Storefront Retail/Office
Lot Size (sq. ft)
37,462 SF

Highlights

  • 2014 Build-To-Site for DaVita
  • Patient Demand Required Increasing Statsions from 7 to 13
  • Patient Demand Required Adding a 2nd Shift
  • New HVAC Unit - Aug 2023
  • Corporate Guaranty
  • Minimal LL Responsibilities (Roof, Structure, & Parking Lot)

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