OFFERING SUMMARY
Price: $2,548,700
Cap Rate: 6.00%
Gross Leasable Area: 7,000 SF
NOI: $152,922
OFFERING HIGHLIGHTS
- Corporate Guarantee
- Minimal Landlord Responsibilities
- Strong Unit-Level Operations
- Income Tax-Free State
- 20-Year Firestone Roof Warranty
INVESTMENT OVERVIEW
The subject offering provides an opportunity for both new and seasoned investors to acquire a corporately guaranteed DaVita Dialysis Center situated in New Port Richey, Florida.
The 7,000-square-foot clinic was built-to-suit for DaVita in 2017, and boasts strong unit-level operations along with minimal landlord responsibilities. There are more than eight years remaining in the primary term with multiple renewal options available. Additionally, there is a 10 percent rental increase scheduled in June of 2027. At $364 per square foot, this is an excellent opportunity to invest in a recession-resistant property in a growing area.
New Port Richey is a suburb of the Tampa-St. Pete-Clearwater MSA. This area is the 17th most populous area in the country. Tampa and the state of Florida continue to experience tremendous growth due to its favorable business climate.
