DaVita Dialysis
25+ Year Operating History | CON State | Low Rents | 28 Stations
Marketing description
Colliers, on behalf of Ownership, is pleased to offer the opportunity to acquire the fee simple interest in a DaVita dialysis clinic ("the Property") located in East Point, Georgia. The offering consists of a two-tenant medical office building. Seventy-five percent of the square footage is operated by DaVita as a dialysis treatment center, and the remaining 25% is operated by their JV partner, Southwest Atlanta Nephrology Associates (SWAN), as a clinical office space.
The clinic has operated successfully at this location for over twenty five years, and their continued commitment is evidenced through an early lease extension that was just completed. SWAN has been serving Atlanta and its outlying communities for more than 40 years and has physicians on staff at Atlanta Medical Center, Emory University Hospital Midtown, DeKalb Medical Center, Piedmont Hospital, South Fulton Medical Center, and Grady Memorial Hospital.
The investment offers more than 7 years of weighted average lease term remaining, rental escalations of 2.00% annually, and has undergone more than $350,000 in interior renovations over the past three years. Through the joint venture between DaVita and SWAN, this facility is poised to continue its successful operations well into the future.
Investment highlights
- High-Volume Joint Venture Between DaVita and Local Physician Group - The clinic operates 28 dialysis stations Monday through Saturday from 5:00 AM to 5:00 PM, allowing for three treatment shifts per day. Operations are conducted through a joint venture between DaVita and Southwest Atlanta Nephrology (SWAN), which has successfully operated at this location and throughout the Atlanta community for over twenty years.
- Early Five-Year Lease Extensions with Annual Escalations - The tenants recently executed early five-year lease extensions with 2.00% annual rent increases, extending both lease expirations through 2033.
- $350K in Capital Improvements Since 2021 - The facility received $50K in interior renovations in 2021, followed by an additional $300K in 2024. These improvements helped modernize the interior and enhance the patient experience.
- Gentrifying Area - Driven by development near the MARTA station (0.5 miles south of the subject property), East Point is experiencing considerable new investment. Projects include The Commons, a nearly $500 million mixed-use development featuring affordable housing, retail, office space, and a hotel, as well as Norman Berry Village, which will include 132 market-rate apartments constructed using modular units.
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