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Views: 159 DOM: 400 Updated: 09.10.24 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 3,042
Price/SF $209.99
Expiration 01-14-2029
Tenant Type Medical/Health
NOI $120,819
R. Term 4.0
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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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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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

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