445 Willard Ave, Newington, CT 06111

LEASE TERMS: DaVita has been at this location since 2010 and recently exercised their first renewal option demonstrating their commitment to the site and the market. DaVita has 5+ years remaining on their lease with two (2), 5-year renewal options. Big Hearts ABA has been at this location since 2023 and has 1+ years remaining on their lease with two (2), 3-year renewal options.

ATTRACTIVE RENT INCREASES: DaVita’s lease calls for annual rent increases based on the change in CPI with a 2.5% ceiling through the current lease term and renewal options. Big Hearts ABA’s lease also calls for annual rent increases of approximately 2% throughout the primary lease term and renewal options providing the investor with an attractive increase in revenue and a hedge against inflation.

MINIMAL LANDLORD RESPONSIBILITIES: Both DaVita and Big Hearts ABA have net leases with minimal Landlord responsibilities. The tenants reimburse their pro-rata share of real estate taxes, insurance and common area maintenance, making it an attractive investment for the passive real estate investor and protecting against rising expenses. DaVita has a 2.5% Cap on controllable operating expenses on a non-cumulative basis (excluding real estate taxes, condominium common charges and utilities).

DYNAMIC CORPORATE TENANT: DaVita has been a leader in comprehensive kidney care for 25 years. DaVita employs more than 281,000 people and operates 3,166 outpatient dialysis centers, of which 2,657 centers are located in the United States. DaVita reported consolidated revenues of $12.816 Billion in 2024.

PRIME RETAIL LOCATION: The Property is situated along Willard Avenue (CT Route 173) at the signalized intersection with Alumni Road. The Property is seconds from Newington High School, the Newington VA Medical Center and the Newington Ice Arena, all three drive significant traffic to the area. The Property is surrounded by densely developed residential neighborhoods and offers convenient access to the area’s primary shopping corridors along the Berlin Turnpike (US Route 5) and SE Road which is home to the West Farms Mall and several other large shopping centers. The Property is 1.8-miles from CT Route 9, 2.4-miles from Berlin Turnpike (US Route 5), and 2.6-miles from Interstate 84. Additionally, the Property is 2-miles from Central Connecticut State University.

AREA DRIVERS: Central Connecticut State University (CCSU) is the largest university in the Connecticut State Colleges and Universities system. Founded in 1849, Central is also the state’s oldest publicly funded university and has an enrollment of approximately 10,000 students and a faculty of more than 400. The Newington VA Medical Center is one of two primary campuses in the state and offers primary care and specialty health services, including urgent care, mental health services, dental services, vision services, women’s health services, and more.

TRAFFIC COUNTS: On average more than 15,700 vehicles pass the Property daily along Willard Avenue.

DEMOGRAPHICS: Approximately 86,400 people live within 3-miles of the Property with an average household income of $115,108. More than 275,000 people live within 5-miles of the Property with an average household income of $107,301.