Property History
Corporately Guaranteed Lease: The DaVita Dialysis lease is backed by a corporate guarantee from DaVita, Inc. (S&P: “BB”), a Fortune 500® company and the leading provider of kidney care in the United States.
Leading Operator: Over 3,000 outpatient dialysis centers which serve more than 250,000 patients in the US and abroad. This offering provides an investor with the opportunity to acquire a property containing a leading national medical tenant with an outstanding business model.
“Essential Business” Investment: Given the current market conditions, the importance of owning essential business assets has become paramount. Unlike tenants outside of the healthcare sector who are challenged to maintain cash flow, medical practices have not been significantly impacted by the ongoing disruptions.
Below Market Rent: This tenant is currently aligning with market rent, presenting a long-term stable cashflow and reducing risk. In the event of tenant turnover, the property remains highly marketable to a wide variety of tenants who can seamlessly backfill with the current rental rate, presenting investor security to maintain cashflow.
Dense Urban Area: This property offers prime accessibility with over 105,000 residents within three miles of the property, and an average household income of $70,000. Positioned off Michigan Avenue with ±30,000 VPD, it benefits from strong retail synergy, including the nearby Fairlane Center Shopping Mall and a variety of restaurants and amenities within walking distance, including Ford Motor Company World Headquarters.
Close Proximity to Multiple Hospitals: The subject property boasts a strategic location and medical synergy with multiple healthcare tenants including 630-bed CoreWell Health Dearborn Hospital and Henry Ford Medical Center, both within 2 miles.
Established Tenant with Recent Renewal: The subject property has been home to a DaVita clinic since 2008, with last year’s renewal showcasing the tenant’s long-term commitment and consistent profitability at this location. With Three, 5-year options emphasizing the site’s stability and appeal.
Loan History
Financial History
Tax History
Contact Information
Ownership Information
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