Property History
Property Type
Property Type
Property Subtype
Marketing Description
Oldham Goodwin is pleased to present 712 S May Street, a dark Davita Dialysis clinic in Madisonville, TX for your consideration. This free standing building was constructed for Davita in 2015, and remains in excellent condition. The property is located on the highly visible and easily accessible corner of May street and South Street across the street from Madisonville High School. Nearly nine (9) years remain on the NNN lease agreement. The property is being offered at an above market return, and offers a good opportunity for investors or potential owner occupants.
Investment Highlights
- STRONG PARENT COMPANY
- - DaVita, Inc. generates over $11.50 billion in revenue, yielding over 832 Million in net income.
- - Davita, Inc. has a net worth of $2.1 Billion
- - Davita, Inc. holds a credit rating of Ba2 with Moody’s and BB with S&P.
- ABOVE MARKET RETURN | NNN LEASE
- - Due to Davita vacating the premises, the property is being offered at a significant discount and above market return.
- - 9% CAP Rate asking price, with a 10% rent increase in 2025.
- - Nearly nine (9) years remain on a NNN lease.
- - Landlord’s only responsibility is roof and structure.
- - Tenant would consider an early buyout of lease for an owner occupant.
- VISIBLE AND ACCESSIBLE LOCATION
- - Madisonville, TX is the county seat of Madison County.
- - Located on main north to south commercial thoroughfare.
- - Corner location across street from Madisonville High School.
- NEWER CONSTRUCTION | OWNER OCCUPANT
- POTENTIAL
- - Constructed in 2015, the building remains in excellent condition.
- - Possible lease buyout with Davita creates opportunity for owner occupant.
- - Lease buyout could allow owner occupant to purchase at major discount to replacement cost
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
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Contacts
Listing removed on
BY:
Clinton Oldham PRO
•••.•••.2000
•••••.••dham@•••••••••••••.com
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