DaVita Dialysis

413B U.S. 59, Atlanta, TX 75551

$2,050,000

Cap Rate 7.24%

Views: 159 DOM: 318 Updated: 10.25.24 Posted: 02.08.24 Status: Active

Summary

Price $2,050,000	Built/Renov 2014	Tenant DaVita Dialysis
Cap Rate 7.24%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 6,342	Lease Start 02-15-2014	#Units 3,042
Price/SF $323.24	Expiration 02-14-2029	Tenant Type Medical/Health
NOI $148,446	R. Term 4.1	Ownership Fee Simple
Rent/SF $23.41	Increases 10.0%/5/yrs	Pop 5Mi 9,988
Lot/AC 0.86	Options 2/5yrs/10%	AHHI 5Mi $63,465

Klinton Lewis

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Lease Highlights

DaVita has 4+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and each option period
New HVAC installed August 2023
Corporate guaranteed lease (NYSE: DVA)

Location Description

DaVita is strategically located on US-59, with access to 19,000 vehicles passing by daily. Surrounding the area are national tenants such as Tractor Supply Co, Sonic, Burger King, AutoZone, Domino’s, and others. Feeder schools nearby include Atlanta Elementary School, Atlanta ISD High School, Atlanta Junior High School, and more. The 5-mile trade area is supported by a population of 9,988 with...

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Key Features

Recent building upgrades
Build to suit
Near major nationals
Strategically located
Highway location
Hospital close
Income tax free state
Long operation history
Traded and rated company
Corporate Guarantee

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Links

DaVita Dialysis Wikipedia DaVita Wikipedia Atlanta, Texas Zip Code 75551 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
Loop 59	W Main St	2021	19,914	0.59 mi
US Hwy 59	W Main St	2002	19,000	0.66 mi
West Main Street	Mason St	2020	5,966	0.68 mi
W Main St	Bayou Dr	2002	7,700	0.73 mi
	N Louise St	2021	1,183	0.75 mi
West Main Street	N Howe St	2020	6,040	0.78 mi
North Louise Street	Pecan Ln	2021	3,590	0.81 mi
North Louise Street	W Hiram St	2020	3,726	0.81 mi
South Louise Street	W Thomas St	2021	2,188	0.84 mi
S Louise St	W Tipton St	2002	3,100	0.86 mi

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