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Updated: 04.22.24 Posted: 11.02.23 Status: Sold

Summary

Price $1,124,000
Built/Renov 2007
Tenant DaVita Dialysis
Cap Rate 7.25%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 4,956
Lease Start 09-27-2007
#Units 3,074
Price/SF $226.80
Expiration 09-26-2027
Tenant Type Medical/Health
NOI $81,488
R. Term 2.4
Ownership Fee Simple
Rent/SF $16.44
Increases 2.0%/1/yrs
Pop 5Mi 9,981
Lot/AC 0.51
Options 3/5yrs/2%
AHHI 5Mi $45,829

Lease Highlights

  • DaVita has occupied the subject location for 15+ years
  • The tenant has 3+ years remaining with 3 (5-year) options to extend
  • The lease features 2% rental increases annually
  • Favorable NN+ lease with landlord responsibilities limited to roof & structure
  • Corporate guaranteed lease

Location Description

This 4,956 SF Davita is strategically located along Crestwood Circle, within close proximity to US Route 71, which boasts in excess of 14,000 vehicles passing by daily. It is conveniently positioned directly next to the Mena Regional Health Hospital, which provides crossover customers to the site. Additionally, it is in-between the University of Arkansas Rich Mountain and Mena Highschool, and...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: DaVita
  • Guarantor:Corp T and Rated
  • Company:Davita Inc.
  • # Units:3,074
  • 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 : 1,379 6,859 8,986
2023 Total Population : 1,384 6,967 9,125
2023 Employed Civilian Pop : 473 2,738 3,612
2023 Total Businesses : 208 465 530
2023 Average Household Income : $ 60,215 $ 60,998 $ 61,593
2023 Total Consumer Spending : $ 31 M $ 165 M $ 218 M
2023 Median Age : 46 46 46
2023 Total Households : 589 3,031 3,956
2023 Pop Age 25+: Bachelor's Degree : 92 646 825
2023 Average Home Value : $ 152,638 $ 156,856 $ 161,272
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Polk Road 77 Kenwood Way 2021 1,300 0.07 mi
North Morrow Street College Dr 2021 3,000 0.20 mi
US 59;US 71;AR 88 Dickson Rd 2021 14,000 0.21 mi
Morrow Street South Eagle Gap Ave 2021 7,700 0.30 mi
US Hwy 59 Oaklawn Dr 2017 13,000 0.41 mi
Hornbeck Ave Morrow St S 2017 7,100 0.43 mi
Eagle Gap Avenue Jenny Lind Dr 2021 1,400 0.55 mi
Morrow Street South Ouachita Ave 2021 6,800 0.57 mi
South Cherry Street Hornbeck Ave 2021 700 0.62 mi
State Hwy 8 Dallas Ave 2017 6,100 0.72 mi

Listing Broker

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