DaVita Dialysis Brooksville

Office for Sale
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: 6/29/2021

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.

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

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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

Contact

Photograph of Listing Agent

W. Jeffrey Cotter, Broker | CCIM

Absolute Investment & Realty Services CE-FL Member
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