DaVita Anchored Strip Center | Monterey Park, CA
Sands Investment Group is Pleased to Present Exclusively For Sale the DaVita Anchored Strip Center Located at 883 South Atlantic Boulevard in Monterey Park, CA. This Deal Includes a Building That Provides For a Passive Investment For All Types of Investors as Well as All True Triple Net (NNN) Leases.
- This Building Provides For a Passive Investment For All Types of Investors as Well as All True Triple Net Leases (NNN)
- There is a 10% Rent Increase For DaVita on August 1, 2023 Increasing the Total NOI to $1,081,802.50
- Anchored By DaVita Dialysis Who Has a Strong Corporate Credit and is One of the Most Sought After Tenants in the Country
- DaVita Has a $8.6 Billion Dollar Market Cap and is One of the Top 2 Dialysis Providers in the Country, Treating 42% of All U.S. Patients Who Received Dialysis in 2019
- Average Household Income Within a 1-Mile Radius of the Property is Over $105,000, Well Above the National Average
- Monterrey Park is One of the Top Markets in the Los Angeles MSA; It’s Extremely Dense and Highly Affluent and Has Been Consistently Ranked as One of the Top Places to Live in America
- Over 3 Million Residents Live Within a 10-Miles Radius of the Location and Spend on Average $1.4B on Healthcare Annually
- Leases For Each of the Tenants All Feature Rent Escalations That Provides Protection Against Inflation as Well as Boosts in Cashflow and ROI For the Future Owner
- This Property is Located Adjacent From Monterey Park City Hospital Which Employs Over 700+ Active Medical Staff and Sees on Average Around 24,000 ER Visitors Annually
In Cooperation With Sands Investment Group, Inc – Lic. #1768950
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