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29236799
29236800

716 Denbigh Blvd, Newport News, VA 23608

MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
GR
NM 49851, NV S.0172059
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$1,542,000
157 days on market
Updated 45 days ago
Opportunity zone

DaVita Dialysis

Details
Property Type Office, Retail
Sub Type Medical Office
Square Footage 6,344
Cap Rate 7.8%
NOI $120,297
Occupancy 100%
Tenancy Single
Brand/Tenant DaVita
Lease Type NNN
Lease Term 23
Lease Expiration 08/20/2029
Remaining Term 3.2
Rent Bumps Yes
Lease Options 2, 5 Year Options
Price per SqFt $243
Year Built 1989
Investment Type Net Lease
Lease Commencement 08/21/2006
Ground Lease Yes

Office | 7.80% CAP | 6,344 SqFt

Marketing description

DaVita Inc. is a Fortune 500® health care provider focused on transforming care delivery to improve quality of life for patients around the globe. The company is the largest provider of kidney care services in the U.S. and has been a leader in clinical quality and innovation for 20 years. Through DaVita Kidney Care, the company treats patients with chronic kidney failure and end stage renal disease.

Newport News is situated in southeastern Virginia, home to over 186,000 residents. The city sits on a prime vantage point where the James River meets the Chesapeake Bay. Newport News runs approximately 23 miles along the James River and the Hampton Roads Harbor. It is located near Hampton, minutes from Williamsburg, and is a hour drive to Virginia Beach and the Atlantic Ocean.

Investment highlights

» ±4 Years Remaining on Lease with 3% Annual Rent Increases and Multiple Renewal Options

» 147,121 Residents within a 5-Mile Radius - Growing Newport News Trade Area

» Adjacent to Bon Secours Mary Immaculate Hospital (120+ Beds)

» Located within the Denbigh Medical Center Office Complex

» Average Household Income Exceeds $87,000 within the Surrounding Area

» Immediate Proximity to Charter Senior Living of Newport News and Warwick Forest Retirement Community

» Easily Accessible via Denbigh Boulevard (24,000 Cars per Day)

Listing Contacts

MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
GR
NM 49851, NV S.0172059
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$120,297.00
$10,024.75/mo

Valuation Metrics

0
DSCR
7.8%
Cap Rate
7.8%
ROI

Map

Zoning

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O2 CommercialOfficeOffice Park
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Brian Hosey
License
0225247494
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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