1020 N 14th St - Medical FOR SALE


Beaumont, TX 77702
$4,931,000 USD
832-602-3383
1020 N 14th St, Beaumont, TX for Sale
$4,931,000 USD
Medical - FOR SALE
1/5
null | 7% Cap Rate

1020 N 14th St
Beaumont, TX 77702


HIGHLIGHTS

  • Absolute Net Lease: DaVita covers all expenses, providing passive landlord income
  • 33-station facility: Running 5am-9pm, 6 days/week across 3 shifts, showing strong patient demand
  • High-Traffic Exposure: 91K+ I-10 daily drivers and proximity to 431-bed CHRISTUS Hospital
  • Demographics: 160K+ residents within 10 mile radius, with growing population, households, and income through 2029
  • Medical Corridor: Located in established Beaumont medical district with Texas Oncology and gastroenterology practices nearby

OVERVIEW

Peranich Huffman Net Lease Group is pleased to exclusively present for sale, the DaVita Dialysis located in Beaumont, TX. Priced at a 7.00% capitalization rate, the offering presents investors with the opportunity to acquire a property leased to a reputable national medical provider with a proven history of tenant stability and kidney disease treatment delivery. Built in 2014, the 15,041 square-foot DaVita Dialysis is strategically situated on a 1.89-acre lot with frontage along North 14th Street. Surrounded by healthcare facilities within Beaumont's primary medical district, DaVita's location provides advantageous positioning among complementary medical services. The 431-bed CHRISTUS Southeast Texas St. Elizabeth Hospital, the only Level III trauma center in the area, is located within a half-mile of the subject property. Other nearby healthcare facilities include: Kate Dishman Rehabilitation Hospital; Legacy Community Health Beaumont North - Taylor Pediatrics; CHRISTUS Trinity Clinic; Southeast Texas OB/GYN Associates; Beaumont Pathology Associates; Beaumont Heart & Vascular Center; and immediately adjacent to the subject property, Texas Oncology and Southeast Texas Gastroenterology Associates. DaVita Dialysis signed a 15-year lease in 2015. Over 5 years of primary lease term remain, with (2) 5-year renewal options thereafter. Under the lease agreement's absolute net structure, the tenant bears full financial responsibility for all expenses related to the property while the landlord has zero expense obligations. DaVita Inc. (S&P: "BB"), 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 & provides administrative services in over 3,000 outpatient dialysis centers across the United States, serving approximately 248,000 patients.

FOR SALE DETAILS

PRICE

$4,931,000 USD

PRICE/SF

$373 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita Dialysis

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Drug Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

-

APN/PARCEL ID

035650-000-004680-00000

ASK ABOUT THIS PROPERTY

Jonathan PeranichPeranich Huffman Net Lease GroupMore Info
832-602-3383

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Jonathan PeranichPeranich Huffman Net Lease GroupMore Info
832-602-3383

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.