DaVita Dialysis

For Sale

2620 W Highway 316, Citra, FL 32113

This Citra property for sale is located at 2620 W Highway 316. The current listed sale price for DaVita Dialysis is $2,858,000. DaVita Dialysis is situated on a lot that is 4.5 acre in size.

Contacts

broker

Nathan Huffman

Peranich Huffman Net Lease Group

(214) 300-5524

Property Details

  • Property Type Retail - Freestanding
  • Property Size 7,632 SF
  • Lot Size 4.5 Acre
  • Property Tenancy Single Tenant
  • Year Built 2002
  • Date Updated Apr 15, 2024
-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.

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Highlights

  • Non-Income Tax State - Serving as a major benefit to the landlord, as of 2022, nine states: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming -- levy no state income tax.
  • Recent Lease Extension - DaVita Dialysis has occupied the subject property since 2002. Furthering their commitment to the location, DaVita executed an early 7-year renewal in early 2024.
  • Corporately Guaranteed - The DaVita Dialysis lease is backed by a corporate guarantee from DaVita, Inc., a Fortune 500® company and the leading provider of kidney care in the United States. This guarantee was added in 2024 along with the 7-year commitment.
  • Annual Rent Escalations - Offering as a hedge against inflation, the DaVita lease provides for 2.5% annual rent escalations in the initial term accompanied by 3.0% annual rent escalations in the (2) 5-year renewal options.
  • Land Area - The subject property parcel consists of 4.5 acres. This considerable land area, particularly in the thriving state of Florida, enhances the property's inherent value.

Attachments

Getting around

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Location

  • City Citra, FL
  • Neighborhood Citra
  • Zip Code 32113
  • Market North Central Florida

Points of Interest

  • Sunoco

    2.30 miles

  • BP

    2.34 miles

  • Shell

    2.93 miles

  • Mobile

    5.06 miles

  • BP

    5.12 miles

  • Pilot

    6.90 miles

  • Love's

    6.97 miles

  • Pilot

    6.99 miles

  • Marathon

    7.00 miles

  • Chevron

    7.05 miles

  • Pilot # 293 - Ocala

    6.91 miles

  • Pilot # 424 - Ocala

    7.08 miles

  • Colt Country Cafe & Buffet

    1.63 miles

  • Wendy's

    6.92 miles

  • Subway

    7.00 miles

  • Chester's

    7.01 miles

  • McDonald's

    7.02 miles

  • Sam's Saint John's Seafood

    7.45 miles

  • Citra Supermarket

    5.09 miles

  • Winn-Dixie

    7.41 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Nathan Huffman

Peranich Huffman Net Lease Group

(214) 300-5524