Menu
t r a n s l a t e

Davita Dialysis Net Lease Investment | 5.44% Cap Rate

4391 Riverchase Drive
Phenix City, AL 36867
PRICE : $2,600,000
CAP RATE: 5.44%
PROPERTY TYPE: Office
BUILDING SIZE: 9,165 SF
YEAR BUILT: 2012

Highlights

  • Rare opportunity to acquire a single tenant net leased DaVita Dialysis located on a hospital campus
  • 9.5 years remaining on the initial term
  • A recession-resistant asset occupied by and guaranteed by a national credit tenant in DaVita, Inc.
  • Recent construction with a strong operating history in a strategic dialysis center market
  • 5.44% cap rate

Description

Bull Realty is pleased to offer this single tenant net leased DaVita Dialysis center located on campus of Jack Hughston Memorial Hospital in Phenix City, AL. The 9,165 SF brick building was built to suit in 2012 and is generating a Net Operating Income of $141,342. The current lease extends through July of 2027 and contains two 5-year options. Lease is also subject to 10% escalations every 5 years.

Request more information