Marcus & Millichap is pleased to exclusively offer a DaVita Dialysis with 36 years of operational history in Decatur, Georgia. A 5-year renewal was recently signed for the location in 2024, reinforcing DaVita's commitment to the site. The property has a strong track record of lease renewals, with multiple renewals being executed for terms of 8 years or more. It has over 5 years of firm lease term remaining, with a 2% annual rental increase continuing through the remaining options, and two 5-year renewal options still available.
The property has been meticulously maintained, making it well-positioned for passive ownership. Recent upgrades include the replacement of the HVAC system in 2024 and resurfacing and striping of the main parking area. The back lot is in process of being sealed and striped which will add 20 additional parking spaces. The roof was replaced within the last 10 years and still has 10 years left on its warranty.
This high-volume, in-center hemodialysis clinic operates six days a week (Monday to Saturday), from 5 a.m. to 4:30 p.m. They offer two shifts per day with 20 chairs available for patients. Healthcare real estate, like this property, is historically resistant to economic downturns due to the consistent demand for medical services, which tends to remain stable even during economic declines.
The property is strategically located near several key senior residences and healthcare facilities, including Columbia Senior Residences at Forrest Hill (2.4 miles), Decatur East (3.1 miles), and Edgewood (4.7 miles). It is also close to major hospitals such as Emory Decatur Hospital (4.4 miles, 451 beds), Emory University Hospital (5.9 miles, 853 beds), Grady Memorial Hospital (6.4 miles, 989 beds), and Emory Hillandale Hospital (9.5 miles, 100 beds).
The property is situated in a densely populated area within the Atlanta MSA. It benefits from significant local demographics, with 101,485 people living within a 3-mile radius and 279,974 within 5 miles. The average household income within a 1-mile radius is approximately $79,000. From 2010 to 2020, the population within a 5-mile radius grew by 11%, and it is expected to grow an additional 3% by 2028. Decatur, GA is ranked as the #4 Best Suburb to Live in Georgia, the #5 Best Place to Raise a Family, and the #5 Place with the Best Public Schools.