www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31113405
31113406

615 Harrison Ave, Rockford, IL 61104

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
JF
IL 475154756
The Boulder Group
Listed by The Boulder Group
$2,115,328
89 days on market
Updated 89 days ago
Opportunity zone

DaVita Dialysis

Details
Property Type Office, Retail
Sub Type Medical Office, Dialysis
Square Footage 5,460
Cap Rate 6.75%
NOI $142,785
Occupancy 100%
Tenancy Single
Brand/Tenant DaVita
Lease Type NN
Lease Expiration 03/31/2037
Remaining Term 10.8
Rent Bumps Yes
Lease Options Three5-year
Price per SqFt $387
Year Built 2022
Acreage 1.520
Investment Type Net Lease

6.75% Cap Rate | Limited Competition | 2022 Build

Investment highlights

  • DaVita (NYSE: DVA) — Fortune 500 Operator — DaVita Inc. is the largest kidney dialysis provider in the United States, commanding a 37% market share with over 3,200 outpatient dialysis centers nationwide. The company is ranked #331 on the Fortune 500 with $13.6 billion in annual revenue.

  • Long-term lease through March 2037

  • Essential recession-resistant healthcare use

  • Located in Rockford – Third largest city in Illinois

  • Signalized hard corner of Harrison Ave & Kishwaukee St (28,100 combined VPD)

  • 2022 construction – purpose-built dialysis facility

  • 133,000+ residents within a five-mile radius

  • Limited dialysis competition in the immediate area

  • Located in the core of Rockford’s manufacturing and distribution corridor, benefiting from proximity to major employers that draws hundreds of daily workers and generates consistent traffic

Listing Contacts

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
JF
IL 475154756
The Boulder Group
Listed by The Boulder Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,785.00
$11,898.75/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Randy Blankstein
License
IL 471005983
Brokerage Phone
8475620003
Title
IL
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591