Net Leased DaVita Property For Sale Date May 30, 2017
The Boulder Group is pleased to exclusively market for sale a single tenant net leased DaVita property located in Upper Sandusky, Ohio. DaVita is a leading provider of kidney care in the United States, delivering dialysis services to patients with chronic kidney failure and end stage renal disease.
The newly renovated and expanded 5,420 square foot net leased DaVita property is located along Tarhee Trail immediately off of Ohio-53 North and one-quarter mile from US-30, the primary thoroughfare in the area. The Wyandot Memorial Hospital, a full-service hospital serving the residents of Wyandot County and its surrounding areas, is less than one-mile south of the DaVita. DaVita serves as a primary kidney care specialist for residents in the area with limited competition. The property is located within close proximity to multiple residential communities, local businesses, and schools.
The DaVita lease has more than 14.5 years remaining in the primary term that expire in January 2032. The DaVita property is a corporate guaranteed lease featuring 10% rental escalations very 5 years in the primary term and in each of the three 5-year renewal option periods. DaVita, a Fortune 500 company, is one of the largest kidney care companies in the United States. It is publicly traded on the New York Stock Exchange (Symbol: DVA) with a market capitalization in excess of $13 billion.
- Fortune 500 Tenant
- Recently renovated and expanded facility (2017)
- 15 year corporate lease with over 14.5 years remaining
- 10% rental escalations in the primary term and each renewal option
- Limited competition in the area
- Less than one-mile from county hospital