Overview

Description

DaVita recently vacated the Subject Property and is the process of subleasing. Notwithstanding the property’s current occupancy status, there are 10 years remaining on the initial lease term with 10% rent increases every 5-years, which continue through each of the two, 5-year renewal option periods. The lease comes with a corporate guarantee from DaVita Inc., a Fortune 500 company with $11.7 billion in total revenue and an estimated net worth of $712 million. As of December 2022, DaVita provided dialysis services over 200,000 patients at 3,054 outpatient dialysis centers, of which 2,815 centers were located in the United States and 239 centers were located in ten countries outside of the United States. DaVita is recognized as one of “America’s Largest Public Companies” by Forbes, ranked #357 on the Fortune 500, and has been part of Fortune Magazine’s List of “World’s Most Admired Companies” for 15 consecutive years.

GA Broker of Record: John Leonard
License: 252904

Highlights

• Long Term Corporate Lease with a Fortune 500 Company
• Superior DaVita Lease Guarantee with Minimal Landlord Responsibilities
• $125,198 Average Household Income in 1-Mile Radius
• Atlanta MSA Location - Located 5 Miles from Downtown
• Proximity to Emory University

Documents

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