Davita

Investment Overview

Single-tenant net leased DaVita Dialysis Facility located in Gretna, LA, a local suburb of New Orleans.. The property is leased on an absolute net basis to Renal Treatment Centers Southeast, LP, one of DaVita’s largest subsidiaries. With the absolute net lease structure, the tenant is directly responsible for the payment of taxes, insurance, utilities, and maintenance of the all portions of the premises. The facility was constructed on a build-to-suit basis for DaVita in 2005, with an expansion and renovation in 2014.

Investment Highlights

• Absolute Net Lease – Zero Landlord Responsibilities.
• NOI $166,649.21 ($25.82 PSF)
• 1.5% annual escalations
• Lease Expiration September 7, 2029
• Two 5-year options to renew