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DaVita Dialysis

14752 Northline Road, Southgate, MI 48195

$6,206,380

Cap Rate 5.00%

Views: 59 DOM: 210 Updated: 05.04.24 Posted: 10.20.23 Status: Active

Summary

Price $6,206,380
Built/Renov 1993
Tenant DaVita Dialysis
Cap Rate 5.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 14,252
Lease Start 08-01-2018
#Units 3,074
Price/SF $435.47
Expiration 06-30-2032
Tenant Type Medical/Health
NOI $310,319
R. Term 8.1
Ownership Fee Simple
Rent/SF $21.77
Increases 2.0%/1/yrs
Pop 5Mi 246,715
Lot/AC 2.75
Options 3/5yrs/2%
AHHI 5Mi $69,677

Daniel Kukes
Landmark
Contact

Max Lippitt
Landmark
Contact

Lease Highlights

  • DaVita has been successfully operating at this location since 1995
  • The Tenant has 8+ years remaining on their current term after recently signing a new 7-year lease extension
  • The lease features 3 (5-year) options to extend & rent increases of 2% annually
  • Favorable NN+ lease with landlord responsibilities limited to roof & structure
  • Corporate guaranteed lease

Location Description

DaVita is situated on Northline Rd, which has a daily traffic count of 22,292 vehicles and is conveniently located within one mile of an I-75 Freeway Exit (76,284 VPD). In close proximity to the subject property is the Henry Ford Museum, a renowned destination that attracts visitors from various regions due to its beauty and historical significance. Greenfield Village is another highly popular...

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Key Features

  • Extensive TI’s

  • In location for years

  • Freeway close

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Recently extended lease

  • Favorable NN+ lease

  • Annual rent increases

  • Traded and rated company

  • Corporate Guarantee

    • ...

Links

Davita Dialysis Wikipedia DaVita Wikipedia Southgate, Michigan Zip Code 48195 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: DaVita Dialysis
  • 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 14,763 121,046 240,536
2023 Total Population : 15,009 123,320 244,390
2023 Employed Civilian Pop : 7,854 60,668 114,872
2023 Total Businesses : 359 3,210 6,287
2023 Average Household Income : $ 85,042 $ 85,561 $ 80,968
2023 Total Consumer Spending : $ 489 M $ 3920 M $ 7213 M
2023 Median Age : 42 43 42
2023 Total Households : 6,556 52,247 101,497
2023 Pop Age 25+: Bachelor's Degree : 1,739 12,716 23,963
2023 Average Home Value : $ 162,619 $ 180,290 $ 175,261
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Northline Rd Mulberry St 2006 31,155 0.15 mi
Northline Road Dix Toledo Hwy 2022 18,301 0.17 mi
Drake St Drake St 2021 25,400 0.17 mi
Fordline Street Venness Ave 2022 2,751 0.37 mi
Northline Rd Devoe Ave 2001 28,976 0.45 mi
Dix-Toledo Highway Holz St 2022 18,678 0.51 mi
Agnes St Agnes Ave 2021 18,659 0.51 mi
Dix Toledo Hwy Agnes Ave 2007 23,060 0.53 mi
Dix Toledo Hwy Longtin St 2012 23,628 0.56 mi
Trenton Road 2019 4,121 0.57 mi

Listing Broker

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