3-TENANT MEDICAL & RETAIL CENTER
ANCHORED BY DAVITA DIALYSIS (MOODY'S: BA2 | S&P: BB)
Marketing description
Northmarq National Healthcare Group is pleased to exclusively offer the opportunity to acquire the fee simple interest in a 3-tenant medical and retail building located in the heart of Middletown, Connecticut. The property is comprised of 3 tenants: DaVita Dialysis, Edible Arrangements, and a local restaurant, Abyssinian Food. The anchor tenant, DaVita, Inc. is one of the leading kidney care companies in the world with over 2,657 outpatient clinics in 46 states. It also offers acute inpatient dialysis services in approximately 850 hospitals and it guarantees this lease unconditionally. This publicly traded company is number 341 on the Fortune 500. As of December 31, 2024, DaVita, Inc. generated over $12.82 billion in revenue yielding it over $936.3 million in net income. DaVita, Inc. is credit rated Ba2 by Moody's Investor Services and BB by Standard & Poor's Rating Service. Warren Buffet's Berkshire Hathaway is a long-time owner of the company with 38% of the total shares outstanding owned, making this his 12th largest position.
Investment highlights
BEST-IN-CLASS OPERATOR
GROWING INDUSTRY
MACROECONOMIC CHANGES PROTECTION
AFFLUENT DEMOGRAPHICS
VISIBILITY & ACCESS
NNN LEASE STRUCTURE WITH ATTRACTIVE RENTAL INCREASES
TENANTS OPERATING HISTORY AT SUBJECT PROPERTY
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