Lenexa, KS - DaVita

Description:

• The tenant, DVA Healthcare Renal Care, Inc., has more than 2.5 years remaining on the current lease term, with 2 (5-year) options providing stable in-place income with long-term extension potential
• The lease features 2.5% annual rental increases every October 1 through the current term, with rent at the start of each option period adjusting to fair market value but not less than the rent for the prior 12 months
• The tenant has extended its lease twice, in 2014 and 2019, demonstrating its commitment to the site
• DVA Healthcare Renal Care, Inc. is a subsidiary of DaVita Inc. (NYSE: DVA), one of the largest kidney care providers in the United States

• The property is situated within a dense retail corridor featuring numerous national brands such as Hy-Vee, ALDI, and Sprouts
• In close proximity to a cluster of major regional retail destinations, including Oak Park Commons (5.3M annual visits), Oak Park Mall
(4.9M annual visits), and Orchard Corners (2.5M annual visits), per Placer.ai
• These national brands and retail destinations drive consistent traffic throughout the area, providing added convenience for patients, staff, and visitors

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