Listed by Boutique National LLC
$2,380,703
Davita
Details
APN 0200002691
Property Type Office
Sub Type Medical Office
Square Footage 6,455
Cap Rate 7%
NOI $166,649
Occupancy 100%
Tenancy Single
Brand/Tenant DaVita
Lease Type Absolute NNN
Lease Expiration 09/07/2029
Remaining Term 3.2
Rent Bumps Yes
Lease Options Two 5-Year
Price per SqFt $369
Broker Co-Op Yes
Year Built 2005
Year Renovated 2014
Buildings 1
Stories 1
Acreage 0.940
Zoning C2
Investment Type Net Lease
Office | 7.00% CAP | 6,455 SqFt
Marketing description
Single-tenant net leased DaVita Dialysis Facility located in Gretna, LA, a local suburb of New Orleans. The property is leased on an absolute net basis to Renal Treatment Centers Southeast, LP, one of DaVita’s largest subsidiaries.
With the absolute net lease structure, the tenant is directly responsible for the payment of taxes, insurance, utilities, and maintenance of the all portions of the premises. The facility was constructed on a build-to-suit basis for DaVita in 2005, with an expansion and renovation in 2014.
Investment highlights
Absolute Net Lease – Zero Landlord Responsibilities
NOI $166,649.21 ($25.82 PSF)
1.5% annual escalations
Lease Expiration September 7, 2029
Two 5-year options to renew
Listing Contacts
Listed by Boutique National LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$166,649.00
$13,887.42/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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