DaVita Dialysis

5155 Lee Street Northeast, Washington, DC 20019

$4,078,125

Cap Rate 6.40%

Views: 75 DOM: 233 Updated: 03.04.24 Posted: 09.27.23 Status: Active

Summary

Price $4,078,125	Built/Renov 2002	Tenant DaVita Dialysis
Cap Rate 6.40%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,110	Lease Start 07-01-1999	#Units 3,074
Price/SF $447.65	Expiration 05-31-2029	Tenant Type Medical/Health
NOI $261,000	R. Term 5.0	Ownership Fee Simple
Rent/SF $28.65	Increases 2.5%/1/yrs	Pop 5Mi 580,548
Lot/AC 0.93	Options 3/5yrs/2.5%	AHHI 5Mi $115,090

Richard Murphy

Avison Young: Capital Markets

Contact

Lease Highlights

DaVita has been operating in this location for 24+ years
The tenant has 5+ years remaining on their current lease term with 3 (5-year) options to extend
The lease features 2.5% rental increases annually
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

This Davita is conveniently located on the highly accessible on the corner of Lee Street NE and Eastern Ave, which see a combined 18,000+ vehicles passing by daily. The site benefits from strong demographics with a population of 580,548, earning an average household income of $115,090 within a 5-mile radius. The property is located in the heart of Washington D.C., only 5.5 miles from the...

...

Key Features

In location for years
Strategically located
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee

...

Links

DaVita Wikipedia DaVita Wikipedia Washington, D.C. Zip Code 20019 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: DaVita
Guarantor:Corp T and Rated
Company:Davita Inc.
# Units:3,074
Tenant S&P: BB-
Moody’s: Ba3
Stock: NYSE: DVA

About Tenant

DaVita Inc. (NYSE: DVA) is one of the largest dialysis providers in the United States. Their U.S. dialysis and related lab services business treats patients with chronic kidney failure, ESKD, in...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	23,946	171,094	600,462
2023 Total Population :	24,120	171,704	581,686
2023 Employed Civilian Pop :	9,367	80,184	307,045
2023 Total Businesses :	485	3,549	17,487
2023 Average Household Income :	$ 76,343	$ 86,653	$ 116,060
2023 Total Consumer Spending :	$ 574 M	$ 5015 M	$ 23808 M
2023 Median Age :	38	38	37
2023 Total Households :	8,561	66,446	237,491
2023 Pop Age 25+: Bachelor's Degree :	2,500	18,370	83,332
2023 Average Home Value :	$ 399,039	$ 419,400	$ 520,735

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Eastern Ave NE		2008	15,100	0.07 mi
Division Ave NE	Eastern Ave	2010	7,600	0.08 mi
Eastern Ave NE		2002	18,000	0.12 mi
Eastern Avenue Northeast	K St	2018	12,843	0.20 mi
Eastern Avenue Northeast	Nash St NE	2017	12,778	0.21 mi
Eastern Ave NE	Porter Ct NE	2008	14,600	0.29 mi
Division Avenue Northeast	Hayes St NE	2017	5,442	0.32 mi
Sheriff Road Northeast	49th St NE	2017	8,157	0.36 mi
49th St NE	Sheriff Rd NE	2018	3,019	0.37 mi
49th Street Northeast	Meade St NE	2021	2,365	0.39 mi

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT