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DOM: 50 Updated: 04.21.23 Posted: 09.15.22 Status: Sold 11.04.22

Summary

Price $4,582,000
Built/Renov 2017
Tenant DaVita
Cap Rate 5.25%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 8,910
Lease Start 11-28-2017
#Units 2,600
Price/SF $514.25
Expiration 07-31-2029
Tenant Type Medical/Health
NOI $240,570
R. Term 4.2
Ownership Fee Simple
Rent/SF $27.00
Increases 10.0%/5/yrs
Pop 5Mi 170,744
Lot/AC 1.26
Options 2/5yrs
AHHI 5Mi $116,944

Lease Highlights

  • There are over 10 years remaining on an original 15-year lease
  • Lease features 10% rental increases every 5 years
  • Lease contains 2, 5 year options

Location Description

DaVita Dialysis is strategically located at the signalized, hard corner intersection of Farm to Market Road 1960 and Timber Forest Drive, serving a combined 54,000 vehicles per day. FM 1960 spans over 45 miles and is one of the very few FM roads with a business segment, which runs through the middle of Humble, TX. Located in a dense retail corridor, DaVita Dialysis is within proximity to...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: DaVita
  • Guarantor:Corp T and Rated
  • Company:DaVita Inc.
  • # Units:2,600
  • Tenant S&P: BB-
  • Moody’s: Ba3
  • Stock:NYSE: DVA

About Tenant

DaVita Inc. provides kidney dialysis services through a network of outpatient dialysis centers. The Company has more than 2,816 outpatient dialysis centers in the United States, serving 204,200+...


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Demographics

  1 Miles 3 Miles 5 Miles
2027 Total Population : 14,473 90,808 194,114
2022 Total Population : 14,193 87,451 186,614
2022 Employed Civilian Pop : 7,244 43,058 90,457
2022 Total Businesses : 386 1,804 5,651
2022 Average Household Income : $ 113,914 $ 137,391 $ 133,089
2022 Total Consumer Spending : $ 458 M $ 3381 M $ 7084 M
2022 Median Age : 34 35 36
2022 Total Households : 4,753 29,241 63,093
2022 Pop Age 25+: Bachelor's Degree : 2,285 16,784 36,414
2022 Average Home Value : $ 260,725 $ 314,949 $ 311,351
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Timber Forest Drive Woodmancote Dr 2019 13,576 0.08 mi
Timber Forest Dr FM 1960 Rd E 2011 11,040 0.10 mi
Timber Forest Dr Woodmancote Dr 2012 12,373 0.12 mi
Droitwich Dr Caldicote St 2011 950 0.24 mi
Continental Pkwy Artic Dr 2011 10 0.45 mi
Twigsworth Ln FM 1960 Rd E 2011 790 0.47 mi
Timber Forest Dr Forest Timbers Dr 2006 8,710 0.48 mi
2001 1,440 0.49 mi
Timber Forest Drive Dawnburst Dr 2019 10,591 0.54 mi
Atascocita Rd Droitwich Dr 2006 28,320 0.62 mi

Listing Broker

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