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Views: 48 DOM: 69 Updated: 07.24.24 Posted: 07.09.24 Status: Active

Summary

Price $3,236,390
Built/Renov 1985
Tenant DaVita Dialysis
Cap Rate 6.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 15,289
Lease Start 09-01-2017
#Units 3,042
Price/SF $211.68
Expiration 12-31-2037
Tenant Type Medical/Health
NOI $194,183
R. Term 13.3
Ownership Fee Simple
Rent/SF $12.70
Increases 1.0%/1/yrs
Pop 5Mi 801,655
Lot/AC 0.51
Options 3/5yrs/1%
AHHI 5Mi $86,983

Lease Highlights

  • DaVita Dialysis has 13+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 1% annual rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

DaVita Dialysis is strategically located on West Chelten Avenue, with access to 10,349 vehicles passing by daily. The property is situated just 0.1 miles from the Chelten Avenue Station on SEPTA’s Chestnut Hill West Line and is only 2.5 miles from the on/off ramps to I-76 (with 201,192 VPD). Additionally, it is within close proximity to Einstein Medical Center, Excel Medical Center, Roxborough...

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Maps

  • 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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