DaVita Dialysis

9505 South Colfax Avenue, Chicago, IL 60617

$3,290,360

Cap Rate 7.00%

Views: 152 DOM: 212 Updated: 09.13.24 Posted: 04.23.24 Status: Active

Summary

Price $3,290,360	Built/Renov 2017	Tenant DaVita Dialysis
Cap Rate 7.00%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 7,907	Lease Start 06-30-2017	#Units 3,042
Price/SF $416.13	Expiration 05-31-2032	Tenant Type Medical/Health
NOI $230,325	R. Term 7.6	Ownership Fee Simple
Rent/SF $27.53	Increases 10.0%/3/yrs	Pop 5Mi 341,822
Lot/AC 0.75	Options 2/5yrs/10%	AHHI 5Mi $63,246

Isaiah Harf

Northmarq

Contact

Lease Highlights

DaVita Dialysis has 7+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Corporate guaranteed lease

Location Description

DaVita Dialysis is strategically located at the signalized, hard-corner intersection of South Colfax Ave and East 95th Street, a major commercial thoroughfare, with access to a combined daily traffic count of 31,789 vehicles. The surrounding area boasts well-known national tenants including Chase Bank, ALDI, White Castle, McDonald’s, Burger King, and KFC. Moreover, the site enjoys the...

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Key Features

Signalized intersection
Hard corner intersection
Build to suit
Strategically located
Hospital close
Dense 200M+ pop 5 mi
Top 100 MSA
Traded and rated company
Over 2000 units backed
Corporate Guarantee

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Links

DaVita Dialysis Wikipedia DaVita Wikipedia Chicago, Illinois Zip Code 60617 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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	22,254	145,012	335,857
2023 Total Population :	22,622	147,753	341,822
2023 Employed Civilian Pop :	8,710	61,217	137,215
2023 Total Businesses :	417	2,393	5,755
2023 Average Household Income :	$ 62,448	$ 63,353	$ 63,246
2023 Total Consumer Spending :	$ 483 M	$ 3443 M	$ 7899 M
2023 Median Age :	40	40	39
2023 Total Households :	8,868	62,143	142,692
2023 Pop Age 25+: Bachelor's Degree :	2,284	15,486	35,273
2023 Average Home Value :	$ 182,677	$ 225,852	$ 231,949

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
East 95th Street	S Colfax Ave	2019	11,600	0.05 mi
US 12;US 20	S Colfax Ave	2021	13,300	0.11 mi
South Colfax Avenue	Alley	2022	13,400	0.11 mi
S Colfax Ave	E 94th St	2014	5,200	0.12 mi
S Colfax Ave	E 96th St	2014	11,100	0.13 mi
US 12;US 20		2021	11,300	0.14 mi
South Colfax Avenue	E 97th St	2018	11,900	0.23 mi
South Colfax Avenue	E 93rd St	2018	4,750	0.28 mi
E 95th St	S Exchange Ave	2013	11,450	0.39 mi
Colfax Ave		2021	3,550	0.40 mi

Listing Broker

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