- 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.
- 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)