DaVita Dialysis - Southgate, MI

14752 Northline Road, Southgate, MI

$6,206,380

Price

5%

Cap Rate

$310,319

NOI

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Overview
Cap Rate
5%
NOI
$310,319
Building Size
14,252 sqft
Lot Area
2.75 acres
Occupancy
100%
Lease Type
Double Net
Year Built
1993
Highlights
  • CORPORATE GUARANTY: DaVita Lease is Guaranteed by DaVita, Inc(NYSE: DVA) –A Fortune 500 healthcare provider with 2,816 dialysis centers across the country with an annual revenue over $11.5 Billion and 67,000+ employees.
  • LONG STANDING TENANT HISTORY: DaVita has been successfully operating at this location since 1995. The Tenant has 10+ years remaining on their lease after recently signing a new 7-year lease extension.
  • RARE 2.00% RENTAL INCREASES THROUGHOUT LEASE TERM. PRIMARY LEASE TERM EXPIRES ON 6/30/2032.
  • NN LEASE –LANDLORD ONLY RESPONSIBLE FOR ROOF AND STRUCTURE. TENANT HANDLES ALL BUILDING MAINTENANCE.
  • HIGH USE LOCATION DaVita is open Monday –Saturday, from 3:00 AM –5:00 PM. 22 Dialysis Stations operating three shifts a day.
  • LONG STANDING NEPHROLOGY CLINIC 15% of the GLA is occupied by Nephrology Hypertension Clinic, PC –the nephrologist associated with DaVita at this location. Tenant has also been operating here since 1995 and has recently executed a new lease renewal.
Documents
Title
DaVita_Dialysis-Southgate__MI-OM.pdf
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Location
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