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Views: 89 DOM: 273 Updated: 10.06.24 Posted: 01.11.24 Status: Active

Summary

Price $1,325,000
Built/Renov 2000/2012
Tenant DaVita Dialysis
Cap Rate 6.48%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 5,057
Lease Start 10-01-2012
#Units 3,042
Price/SF $262.01
Expiration 12-01-2027
Tenant Type Medical/Health
NOI $85,816
R. Term 3.1
Ownership Fee Simple
Rent/SF $16.97
Increases 3.0%/1/yrs
Pop 5Mi 251,599
Lot/AC 0.63
Options 3/5yrs/10%
AHHI 5Mi $69,152

Lease Highlights

  • DaVita Dialysis has 3+ years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features 3.03% rental increase in year 14 and 10% at the start of each option
  • New 60 Mil - EPDM White rubber roof | 20-year warranty
  • Corporate guaranteed lease (NYSE: DVA)

Location Description

DaVita is strategically located on the hard corner intersection of Jefferson Ave and Broadway St., with access to 15,867 vehicles passing by daily. The property holds a convenient location adjacent to South City Hospital, boasting 178 beds. In the immediate vicinity, notable national tenants such as Walgreens, O’Reilly, Metro by T-Mobile, and more. The 5-mile trade area is supported by a...

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Jefferson Ave Chippewa St 2009 8,868 0.02 mi
S Broadway S Jefferson Ave 2013 12,071 0.14 mi
S Broadway Illinois Ave 2013 5,370 0.25 mi
California Ave Chippewa St 2002 6,227 0.29 mi
South Broadway President St 2022 1,842 0.31 mi
S Broadway 2022 5,336 0.32 mi
S Broadway Osage St 2013 11,775 0.35 mi
South Jefferson Avenue Cherokee St 2022 3,757 0.35 mi
Nebraska Avenue Chippewa St 2018 928 0.40 mi
Kosciusko St Cahokia St 2019 53,373 0.41 mi

Listing Broker

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