DaVita Dialysis Portfolio
Plano, Texas
Building
Stats
- Property Type Office - Medical
Overview
Avison Young is pleased to present to offer for sale to qualified investors the opportunity to acquire fee simple interest DaVita Dialysis Dallas center located in the City of Plano, Texas within the Dallas Metropolitan Area. The building features a 15-year NNN lease basis with DaVita Dialysis, with over three years remaining and three 5-year options to renew. The subject property has ample parking within a premier regional medical corridor being half a mile from Methodist Richardson Medical Center, a 334-bed hospital.
Highlights
DaVita Healthcare Partners, Inc. DaVita (S&P: BB) is ranked #181 of Fortune
500 company in 2017 that provides a variety of healthcare services to over
1.7 million patients nationwide throughout it’s operating divisions including
dialysis.
• Lease provides for Annual 2.5% annual rental increase including thought
option period.
• Lease Structure is a NNN, with zero landlord responsibilities. Landlord is not
responsible for any maintenance of the building, HVAC, Parking and payment of
taxes, utilities and insurance.
• No Early Termination or Kick-Out Clause – This lease is free from early termination
options or early kick-out clauses during the initial and any exercised
option terms which provides investors with secured and increasing return for
years to come.
• Strong Guarantee – DaVita, Inc. generated $11.38 billion in revenue yielding
it over $617 million in net income; it has a $3.8 billion net worth and holds a Ba2
credit rating with Moody’s and BB rating with S&P.
• Growing Industry – There are over 495,000 ESRD dialysis patients in the U.S.
which has grown at an annual compound rate of 3.8% over the last fifteen
years, including over 120,000 newly reported cases of ESRD in 2014.
• Insulated from Macroeconomic Changes – Approximately 90% of DaVita,
Inc.’s total dialysis patients are covered under some form of government-based
program.
• Institutional-Quality Construction – This institutional-quality facility’s design
features energy efficient operations that allow for operating-cost savings above
and beyond DaVita’s traditional dialysis clinic.
• Rent Growth – Lease provides for Annual 2.5% annual rental increase including thought option period.
