DaVita Newburgh

Investment Overview

SVN | The Martin Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a two-tenant, medical center investment property located in Newburgh, Indiana (Evansville MSA). The property is divided into two suites with DaVita Dialysis currently occupying approximately 9,672 SF of the 12,172 SF leasable area. The other space is occupied by a complimentary wellness center. The WALT is 5.05 with both tenants possessing multiple five-year renewal options. The lease features annual 3% rental increases. Founded in 1994, DaVita Dialysis is one of the largest providers of kidney care in the U.S. and has been a leader in clinical quality and innovation for more than two decades.

Investment Highlights

• 6.9% CAP Rate
• WALT 5.05 years
• DaVita tenancy since 2009, with term extended to 2030
• Strong dialysis demand within the region
• Only dialysis provider in Warrick and Spencer County
• DaVita Suite partially remodeled in 2022 / 2023.
• 100% occupancy