Catylist ID:
#30383309
| Catylist Listing ID: | 30383309 |
| Property Subtypes: | Medical |
| Building Size (RSF): | 9,650 SF |
| Gross Land Area: | 1.92 Acres |
| Sale Price: | $1,366,000 |
| Unit Price: | $141.55 PSF |
| Property Use Type: | Investment |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/22/2022 |
Overview / Comments
|
DaVita Dialysis Tenancy Attributes: - Reliable Tenancy | Internet Proof Investment - Growing Industry – Over 495,000 ESRD dialysis patients in the US—grown at an annual compound rate of 3.8% over the last 15 years—including over 120,000 newly reported cases of ESRD in 2014. - No Early Termination or Kick-Out Clause – Lease is free from early termination options or early kick-out clauses during initial and any exercised options - Leading Operator – DaVita is one of the largest kidney care companies in the US with a network of 2,625 outpatient dialysis clinics in 46 states serving a total of 210,000 patients Strong Guarantee – $11.38 billion in revenue yielding over $617 million in net income; $3.8 billion net worth and Ba2 credit rating with Moody’s and BB rating with Standard & Poor's -Long-Term, Passive Lease – 10-year lease with highly passive rental income generated given the net lease structure; minimal landlord responsibilities -Rent Growth – The lease provides for 10% rental increases every 5 years during initial term and options - Value Add Opportunity with the additional 2800 SF of local space to be leased. - Direct exposure on US 41. |
Attachments & Media
Additional Details
| Nearest MSA: | Tampa-St. Petersburg-Clearwater |
| County: | Hernando |
| Tax ID/APN: | 00359454 |
| Zoning: | COMMERICAL |
| Property Located Between: | Just South of SR 50 on East side of U S 41. |
| Property Visibility: | Good |
| Highway Access: | Direct access on U S 41 |
| Area Description: | 7310 Broad Street is in main retail corridor of Brooksville. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 2,800 SF |
| Year Built: | 1973 |
| Year Renovated: | 2015 |
| Roof Type: | Flat |
| Construction/Siding: | Block |
| Parking Type: | Surface |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Interior Description: | Presently unfinished. |
| Lot Frontage: | 177 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,777 | 12,454 | 24,384 |
| Median Age: | 43.3 | 46.06 | 46.65 |
| Households: | 1,706 | 5,414 | 9,959 |
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