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23345365
23345366

1207 E Columbus St, Kenton, OH 43326

DB
OH BRKP.2020008390, MI 6502378067
Encore Real Estate Investment Services
NY
MI 6501447447
Encore Real Estate Investment Services
BH
MI 6501393688
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$1,375,000
388 days on market
Updated 22 days ago

Davita Dialysis

Details
Property Type Office
Sub Type Medical Office
Square Footage 4,949
Cap Rate 6.24%
NOI $85,800
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 5.7
Lease Expiration 06/29/2029
Remaining Term 3.1
Rent Bumps Yes
Lease Options (2) Five Year Options
Price per SqFt $278
Class A
Year Built 2012
Acreage 2.030
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/15/2023

Walmart Supercenter Outlot | Corporate Guarantee (Fortune 500 Component)

Investment highlights

  • Long-Term Tenant Occupancy - DaVita has Occupied the Subject Location for 12 Years | Proven Performance at Subject Location, Indicating a Mission Critical Facility to the Region

  • Corporate Guarantee | S&P Credit Rating "BB" | Ideal Low-Management Investment for a Passive Investor | DaVita is a Fortune 500 Company With Over 3,000 Locations Nationwide

  • Growing Demand for Dialysis Nationwide: Rising Rates Of Diabetes and Kidney Disease Continue to Drive Increased Demand for Dialysis Treatment Centers

  • Strategic Location on Corner Outlot to Walmart Supercenter | Along East Columbus Street (State Route 67) with Convenient Access to U.S. Route 309 and State Route 68—Critical Visibility and Accessibility for Patients | 10,000 VPD Along E Columbus St

  • DaVita Serves a Broad Regional Patient Base Across Hardin County and Surrounding Areas with Limited Competition in the Immediate Vicinity

  • Lease is Equipped with 10% Increases Every 5 Years, Providing a Strong Hedge Against Inflation

  • Tenant Early Termination Right – DaVita has Right to Terminate After June 30, 2026, with 180 Days’ Notice and a $100,000 Termination Fee

  • Dialysis Services are a Medically Necessary, In-Person Treatment, Making this Asset Insulated from E-Commerce and Telehealth Disruption

  • Strategically Located 1 Mile From Ohio Health Hardin Memorial Hospital

  • The Property Sits an a Generously Sized 2.08 Acre Parcel, Providing Ample Space for Future Development, Additional Medical Office, Or Retail Use Alongside the Existing DaVita Facility

  • The Site Layout May Allow A Buyer To Subdivide The Land, Creating a Second Pad-Ready Parcel Ideal for Build-to-Suit, Sale, or Ground Lease

  • Low Cost of Occupancy - $17/SF

  • Surrounded by National Retailers Such as: Walmart Supercenter, Tractor Supply, Goodwill, Ace Hardware, Taco Bell, and Many More

Listing Contacts

DB
OH BRKP.2020008390, MI 6502378067
Encore Real Estate Investment Services
NY
MI 6501447447
Encore Real Estate Investment Services
BH
MI 6501393688
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,800.00
$7,150.00/mo

Valuation Metrics

0
DSCR
6.24%
Cap Rate
6.24%
ROI

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Additional Information

Name
Deno Bistolarides
License
BRKP.2020008390
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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