DaVita Dialysis

-Overview Peranich Huffman Net Lease Group is pleased to offer for sale, the DaVita Dialysis of Citra, FL. The 7,632 SF medical facility is offered at a 7.00% capitalization rate. The offering provides an investor with the opportunity to acquire a property that is home to a national medical tenant that exemplifies a reputation of consistency for both patients and the real estate investment community. Lease Term DaVita Dialysis has occupied the subject property since 2002. Demonstrating their commitment to the location, DaVita recently executed an early 7-year lease extension, accompanied by 2.5% annual escalations and (2) 5-year renewal options. Net Lease Structure The corporately guaranteed DaVita Dialysis lease is structured on a net basis, whereby the tenant is responsible for all expenses related to the landscaping, property taxes, utilities, insurance premiums and janitorial services, as well as the interior of the premises. The landlord is responsible for the structure, replacement and repair of the roof (new roof installed in 2021) and parking lot. About The Tenant DaVita Inc., a Fortune 500® company, and the parent company of DaVita Kidney Care, is a leading provider of kidney care in the United States, delivering dialysis services to patients with chronic kidney failure and end stage renal disease. DaVita Kidney Care operates and provides administrative services at 2,800 outpatient dialysis centers serving approximately 204,000 patients in the U.S.