DaVita Dialysis

3740 South Jefferson Avenue, St. Louis, MO 63118

$1,325,000

Cap Rate 6.48%

Views: 124 DOM: 346 Updated: 10.30.24 Posted: 01.11.24 Status: Active

Summary

Price $1,325,000	Built/Renov 2000/2012	Tenant DaVita Dialysis
Cap Rate 6.48%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 5,057	Lease Start 10-01-2012	#Units 3,042
Price/SF $262.01	Expiration 12-01-2027	Tenant Type Medical/Health
NOI $85,816	R. Term 2.11	Ownership Fee Simple
Rent/SF $16.97	Increases 3.0%/1/yrs	Pop 5Mi 251,599
Lot/AC 0.63	Options 3/5yrs/10%	AHHI 5Mi $69,152

Kyle Carson

Fortis Net Lease

Contact

Lease Highlights

DaVita Dialysis has 3 years remaining on the current lease term with 3 (5-year) options to extend
Lease features 3.03% rental increase in year 14 and 10% at the start of each option
New 60 Mil - EPDM White rubber roof | 20-year warranty
Corporate guaranteed lease (NYSE: DVA)

Location Description

DaVita is strategically located on the hard corner intersection of Jefferson Ave and Broadway St., with access to 15,867 vehicles passing by daily. The property holds a convenient location adjacent to South City Hospital, boasting 178 beds. In the immediate vicinity, notable national tenants such as Walgreens, O’Reilly, Metro by T-Mobile, and more. The 5-mile trade area is supported by a...

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Key Features

Build to suit
Roof guarantee
Near major nationals
Strategically located
Hospital close
Dense 200M+ pop 5 mi
Top 100 MSA
Recently extended lease
Traded and rated company
Corporate Guarantee

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Links

DaVita Dialysis Wikipedia DaVita Wikipedia St. Louis, Missouri Zip Code 63118 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: DaVita Dialysis
Guarantor:Corp T and Rated
Company:Davita Inc.
# Units:3,042
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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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Jefferson Ave	Chippewa St	2009	8,868	0.02 mi
S Broadway	S Jefferson Ave	2013	12,071	0.14 mi
S Broadway	Illinois Ave	2013	5,370	0.25 mi
California Ave	Chippewa St	2002	6,227	0.29 mi
South Broadway	President St	2022	1,842	0.31 mi
	S Broadway	2022	5,336	0.32 mi
S Broadway	Osage St	2013	11,775	0.35 mi
South Jefferson Avenue	Cherokee St	2022	3,757	0.35 mi
Nebraska Avenue	Chippewa St	2018	928	0.40 mi
Kosciusko St	Cahokia St	2019	53,373	0.41 mi

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