DaVita Dialysis – Southgate, MI

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DaVita Dialysis – Southgate, MI

14752 Northline Road Southgate MI Wayne County

Sales Price: $6,206,380

Cap Rate: 5.00%

Contact Person(s): Maxwell Lippitt
Daniel Kukes
Jason Greenspan

Description:

CORPORATE GUARANTY:

  • DaVita Lease is Guaranteed by DaVita, Inc (NYSE: DVA) –A Fortune 500 healthcare provider with 2,816 dialysis centers across the country with an annual revenue over $11.5 Billion and 67,000+ employees.

LONG STANDING TENANT HISTORY:

  • DaVita has been successfully operating at this location since 1995. The Tenant has 10+ years remaining on their lease after recently signing a new 7-year lease extension.

RARE 2.00% RENTAL INCREASES THROUGHOUT LEASE TERM. PRIMARY LEASE TERM EXPIRES ON 6/30/2032.

NN LEASE – LANDLORD ONLY RESPONSIBLE FOR ROOF AND STRUCTURE. TENANT HANDLES ALL BUILDING MAINTENANCE.

HIGH USE LOCATION:

  • DaVita is open Monday –Saturday, from 3:00 AM –5:00 PM.
  • 22 Dialysis Stations operating three shifts a day.

LONG STANDING NEPHROLOGY CLINIC:

  • 15% of the GLA is occupied by Nephrology Hypertension Clinic, PC –the nephrologist associated with DaVita at this location. Tenant has also been operating here since 1995 and has recently executed a new lease renewal.

EXCELLENT ACCESS/VISIBILITY:

  • Subject Property has a dedicated curb-cut on Northline Rd (22,292 VPD) and lies within one mile of an I-75 Freeway Exit (76,284 VPD)

Building Size: 14,252 SF

Lot Size: 2.75 AC

Traffic Count: Northline Rd (22,292 VPD)
I-75 Freeway Exit (76,284 VPD)

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 15,903 125,291 246,715
Avg. HH Income: $74,670 $73,248 $69,677

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.