DaVita Dialysis
Early 5-Year Lease Extension | Corporately Guaranteed | Fixed 2% Increases in Current Term & Options
Marketing description
Overview
Peranich Huffman Net Lease Group is pleased to offer the exclusive opportunity to acquire DaVita Dialysis, located at 100 Pinnacle Dr, Fremont, OH. The ±6,500 SF facility, situated on ±2.1 acres, is operated by a leading national healthcare provider. Positioned near U.S. Route 20 with direct access to State Route 53 and the Ohio Turnpike (I‑80/90), the property offers strong visibility and connectivity. Serving as a primary dialysis provider within Fremont city limits, the center draws from a stable patient base across Sandusky County.
Lease
The property is leased to DaVita, Inc. under a long‑term net lease with 6+ years remaining, expiring on August 2, 2032. The facility operates six days per week, underscoring its operational performance. Current annual base rent is $140,141 ($21.56/SF), with scheduled 2.00% annual escalations. The lease provides two (2) additional five‑year renewal options, each featuring 2.00% annual increases, offering predictable rent growth and reinforcing long‑term investment stability.
Tenant
DaVita Inc. (S&P: BB Stable) is a Fortune 500® healthcare company and the parent entity of DaVita Kidney Care, one of the nation’s foremost providers of dialysis treatment for patients with chronic kidney failure and end-stage renal disease. Through its extensive national platform, DaVita Kidney Care manages and supports operations across more than 3,000 outpatient dialysis centers, serving an estimated 248,000 patients annually throughout the United States.
Investment highlights
Early 5-Year Lease Extension
DaVita has operated continuously at this location since 2012, reaffirming its commitment through an early 5-year lease extension to August 2032 with an additional (2) 5-year renewal options.
Fixed Annual Rent Escalations
The lease features fixed 2.00% annual rent increases throughout the remaining term & renewal options, providing for predictable income and protection from the uncertainty of fair market value adjustments.
Corporately Guaranteed
The DaVita lease is guaranteed by DaVita Inc. (NYSE: DVA), a Fortune 500 healthcare leader operating over 3,000 U.S. clinics, with 70,000+ employees, and $12.8 billion in annual revenue. DaVita holds an S&P rating of BB (Stable).
Purpose-Built Medical Facility
The 6,500 square foot clinic was custom designed for dialysis operations with specialized water filtration, plumbing, and medical infrastructure. Located on 2.1 acres with ample parking, the property is functionally integral to DaVita’s regional network.
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