DaVita

Highlights

• • Absolute NNN Lease with no landlord responsibility
• • Sticky, long term, tenant – in place for 24 years
• • 6 Years remaining with three (5-year) option periods.
• • Scheduled 13% rent increase June 2024 with 2.5% annual increases
• • Corporate lease guaranty by DaVita, Inc. which holds a Ba2 credit rating from Moody’s.
• • DaVita is a leading provider of dialysis treatment in the nation, operating from 3,500+ locations to provide care for over 200,000+ patients per year. Revenues exceed $11.6 Billion, proving tenant security.
• • Healthcare related real estate has been the least affected by economic recession. During the Covid pandemic and weakened economy, dialysis tenants experienced very little disruption and were classified as an essential tenant, demanding that clinic doors must remain open.
• • Washington, D.C. Infill Location - DaVita is highly accessible on the corner of (Eastern Ave) serving approximately 18,000 VPD.
• • Excellent Demographics –5-mile population of 576,162 and Average Household income exceeds $100K in a 5-mile radius

Location

Getting Around

• Walk Score ®

  67/100 Somewhat Walkable

• Transit Score ®

  60/100 Good Transit

• Bike Score ®

  35/100 Somewhat Bikeable