- Price: $1,450
- Cap Rate: 6.12%
- Year Built: 1997
- Building Size: 4,933sf
- Price/SF: $293.94
Strong Single-Tenant Investment - Minimum Landlord Responsibilities
Eight Years Remain on Lease
10% Rent Increases Every Five Years
Located Less Than A Mile from Southwest General Hospital
Located in Non-Income Tax State, Offering Higher After-Tax Yield
Corner Location - Ingress and Egress on Two Streets
Dialysis Real Estate Team is pleased to present the single-tenant freestanding opportunity in the Davita Dialysis property in San Antonio, Texas. Eight years remain on a recent ten year extension, showing commitment to the location. There is a 10% rent increase scheduled for December 2020. Three five-year options remain at the end of the lease.
Davita just remodeled the interior, spending over $350,000 in tenant improvements. At the same time, the roof was replaced and the exterior was freshly painted.
Location of the property has met DaVita's specific criteria for stable economic growth, and high entry barriers for future competitors.
Per city codes, there is room on the parking lot to build an additional 5,000 square-foot building. With existing 7 per 1,000 parking ratio, this will not impact DaVita's business on site.
DaVita, Inc. is one of the largest kidney care companies in the United States, with corporate headquarters in Denver, Colorado. Their offerings include in-center hemodialysis, in-center nocturnal dialysis, peritoneal dialysis, home hemodialysis, vascular access management, chronic kidney disease education, and renal diet assistance.