DaVita Dialysis
Office | 5.35% CAP | 11,136 SqFt
Marketing description
• Corporate lease guaranteed by DaVita, Inc. NYSE (DVA).
• Approximately five years remain in the primary lease term.
• Three (3) 5-year renewal options.
• Rent Increase in each renewal option at fair market rental value (FMRV).
• NN (Double Net Lease) landlord responsible for structure of roof and the building.
• Tenant maintains the building, HVAC, parking areas, and landscaping.
Investment highlights
Strong Demographics: Population of 178,883 within a 5-mile radius / Average household income of $113,721 within a 3-mile radius.
Traffic Counts: Near the DaVita property at the intersection of Sunrise Blvd. (37,808 VPD) and White Rock Road (18,672 VPD).
Central Location: DaVita Dialysis is accessible from Sunrise Blvd, off of Hwy 50. It is within a short distance from downtown Sacramento and approximately a 30-minute drive to the Sacramento International Airport.
Medical Health Care and Hospital Proximity: Mercy San Juan Medical Center, UC Davis Medical Center, Kaiser Permanente Sacramento Medical Center, and Mercy Hospital in Folsom are nearby. Kaiser Rancho Cordova Medical offices are just two miles from the DaVita property.
Major Retail Tenants: The DaVita property is near Costco Wholesale, Home Depot, T-Mobile, McDonald’s, Carl’s Jr., and Starbucks.
DaVita Dialysis is considered an essential health benefit (EHB) tenant. Dialysis is a crucial treatment for individuals with kidney failure or end-stage renal disease (ESRD). Healthcare-related real estate has been the least affected by economic recession and e-commerce.
The DaVita Sunset Dialysis Center has been rated four stars by the Patient Survey Rating under The Centers for Medicare & Medicaid Services (CMS).
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