DaVita Dialysis

195 Parkwood Circle, Carrollton, GA 30117

$1,725,900

Cap Rate 7.00%

Views: 61 DOM: 181 Updated: 04.26.24 Posted: 11.17.23 Status: Active

Summary

Price $1,725,900	Built/Renov 1990	Tenant DaVita Dialysis
Cap Rate 7.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 8,219	Lease Start 10-01-2010	#Units 3,074
Price/SF $209.99	Expiration 01-14-2029	Tenant Type Medical/Health
NOI $120,819	R. Term 4.8	Ownership Fee Simple
Rent/SF $14.70	Increases 2.0%/6/yrs	Pop 5Mi 38,268
Lot/AC 1.48	Options 3/5yrs/2%	AHHI 5Mi $58,410

Lease Highlights

DaVita has 5+ years remaining on the current lease term with 3 (5-year) options to extend
Lease features 2% rental increase at the start of each option
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

DaVita is strategically located on Parkwood Circle, surrounded by many national retailers, including Circle K, Shell, Subway, McDonald's, Dollar General, and many more. Additionally, it is within close proximity to Tanner Medical Center and Higgins General Hospital, both of which provide a crossover consumer base for the site. The 5-mile trade area is supported by 38,628 residents, earning an...

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Key Features

Build to suit
In location for years
Near major nationals
Strategically located
Hospital close
Top 100 MSA
Recently extended lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee

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Links

DaVita Wikipedia DaVita Wikipedia Carrollton, Georgia Zip Code 30117 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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,156	20,694	44,581
2023 Total Population :	3,064	20,342	43,735
2023 Employed Civilian Pop :	1,416	8,933	18,942
2023 Total Businesses :	119	1,026	1,834
2023 Average Household Income :	$ 73,931	$ 63,115	$ 74,065
2023 Total Consumer Spending :	$ 73 M	$ 423 M	$ 1021 M
2023 Median Age :	33	30	32
2023 Total Households :	1,147	7,643	15,720
2023 Pop Age 25+: Bachelor's Degree :	240	1,950	4,713
2023 Average Home Value :	$ 255,624	$ 236,978	$ 283,364

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Linda Ln	N View Dr	2014	12,600	0.12 mi
Linda Lane	Charlotte Ln	2021	16,800	0.34 mi
Linda Lane	Charlotte Ln	2018	15,000	0.34 mi
State Rte 113	Pine Ridge Dr	2015	9,160	0.43 mi
North Park Street	Parkwood Cir	2019	13,800	0.45 mi
GA 113	Pine Ridge Dr	2021	11,300	0.46 mi
State Rte 113	Pine Ridge Dr	2018	11,100	0.46 mi
N Park St	Hughes Dr	2007	17,200	0.73 mi
State Rte 113	Center Point Rd	2019	11,100	0.83 mi
GA 113	Center Point Rd	2021	10,300	0.84 mi

Listing Broker

Deno Bistolarides

ENCORE Real Estate Investment Services

Contact

65 Listings
2957 Views
24 Sold

Brandon Hanna

ENCORE Real Estate Investment Services

Contact

36 Listings
1836 Views
9 Sold

Deno Bistolarides

Deno Bistolarides is a founding member and Managing Partner of Encore Real Estate Investment Services. Along with his partners Brandon Hanna and Ryan Vinco, Deno oversees a team of seasoned investment professionals that focus on advising clients in the acquisition and disposition of net leased and multi-tenant retail assets throughout the United States. In his career, which has spanned over a decade, Deno has advised private clients, developers, institutions and has completed over 400 transacti

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Brandon Hanna

Brandon Hanna is a founding member and Managing Partner of Encore Real Estate Investment Services. Alongside his partners Deno Bistolarides and Ryan Vinco, Brandon oversees a team of seasoned investment professionals that focus on advising clients in the acquisition and disposition of net leased and multi-tenant retail assets throughout the United States. Throughout his investment brokerage career, Brandon has broken price per square foot records and cap rate records in nearly every market whic

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