Tenant: DaVita Premises: 13,921 SF Renewal Options: 2 x 5
Lease Expiration: 09/01/2023 Lease Type: NNN Rental Increases: Based on CPI
Value Added Opportunity – 9.42% Cap Rate on Actual Income
60% of the Space Leased to DaVita (S&P BB-) With Over 9 Years Remaining on Base Term
Low Price per Square Foot – Underr $150 PSF
18% of SF Vacant – Offers Upside at Lease Up to 11.37% CAP Rate
DaVita Healthcare Partners, Inc. is one of the largest kidney care companies in the United States, with corporate headquarters in Denver, Colorado. Their offerings include in-center hemodialysis, in-center nocturnal dialysis, peritoneal dialysis, home hemodialysis, vascular access management, chronic kidney disease education, and renal diet assistance. DaVita operates or provides administrative services at more than 1,800 dialysis facilities and domestically employs more than 41,000 people.