DaVita Dialysis
Strong Performing Clinic | Prime South Tampa Location | Early Lease Renewal Through 2035
Marketing description
The subject property is a high-performing DaVita Dialysis facility in the heart of Central Tampa. The clinic operates six days per week with 26 treatment chairs, benefiting from strong patient demand, excellent visibility, and continuous traffic from South Tampa, Hyde Park, and Downtown.
The property is leased on a Triple-Net (NNN) basis with approximately 9.5 years remaining. The tenant pays all real estate taxes, insurance, utilities, and interior maintenance, with landlord responsibilities limited to roof and structural maintenance only. DaVita signed an early lease renewal in April 2026, extending the firm term through October 2035 with one five-year renewal option through 2040 at a 10% increase. The asset is surrounded by ongoing redevelopment, including a planned mixed-use project adjacent to the site, contributing to long-term value growth.
Investment highlights
Single-Tenant Investment Opportunity:
• Corporate Triple-Net (NNN) Lease
• Approx. 9.5 Years Remaining on Base Term
• Early Renewal Signals Long-Term Tenant Commitment
• One, Five-Year Renewal Option
• Limited Landlord Responsibilities (Roof and Structure Only)
Mission-Critical Healthcare Facility:
• 26 Treatment Chairs, Operating Six Days Per Week
• Built-to-Suit for DaVita
• Florida Dialysis Market Projected to Grow 5.6% Annually Through 2030
View Research Report)
About DaVita Kidney Care:
• DaVita is the Largest Dialysis Provider in the U.S. (Approx. 35% Market Share)
• Essential, Non-Discretionary Healthcare Tenant
• Generated $12.8 Billion in Revenue (2024)
• Serving 290K+ Patients Across 3,100+ Clinics Globally
• Publicly Traded (NYSE: DVA) - S&P: "BB" / Moody's: "Ba1"
Prime Real Estate Fundamentals with Excellent Visibility:
• Highly Trafficked W Kennedy Boulevard (Approx. 39KVPD)
• Adjacent to Major Mixed-Use Development with 235 Apartments & Retail
• Less Than 2 Miles to Tampa General Hospital (1,040 Beds) & Downtown Tampa
• Dense Commercial & Residential Trade Area Supporting Strong Patient Volume
Florida Income Tax Advantage:
• No State Income Tax, Ideal for Out-of-State Investors Seeking Higher Net Returns
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