483 Gateway Industrial Park - Health Care FOR SALE


Jenkins, KY 41537
$1,664,527 USD
847-562-8500
483 Gateway Industrial Park, Jenkins, KY for Sale
$1,664,527 USD
Health Care - FOR SALE
1/1
null | 8% Cap Rate

483 Gateway Industrial Park
Jenkins, KY 41537


HIGHLIGHTS

  • DaVita Dialysis controls 37% market share of the U.S. dialysis industry
  • Public company (NYSE: DVA) and S&P 500 component
  • Corporate guaranty from DaVita Healthcare Partners
  • Operating history since 2014
  • E-commerce & recession resistant business
  • Limited competition in the area – The nearest Fresenius is 20 miles south

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased DaVita Dialysis located in Jenkins, Kentucky. DaVita has been successfully operating at this location since it’s construction in 2014 with the current lease running through March 2029. There are 10% rental escalations every five years in the primary term and the lease contains two 5-year renewal options. The lease also comes with a guaranty from DaVita Healthcare Partners Inc. The 5,524 square-foot building is located just off US Highway 23, a primary thoroughfare for the area that experiences over 8,455 vehicles per day. This DaVita location benefits from the limited competition in the area, the nearest national competitor is found over 20 miles south. Other tenants supporting the town of Jenkins include Save A Lot, Walgreens, Dollar General, Hardee’s, Valero, Marathon, and several others. Average household income within a 7-mile radius is $53,982. As of 2020, 90% of DaVita’s patients were covered by government-based health insurance which makes this an ideal location based on income demographics alone. DaVita Inc. provides kidney dialysis services through a network of 2,816 outpatient dialysis centers in the United States, serving 204,200 patients, and 321 outpatient dialysis centers in 10 other countries serving 3,200 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo dialysis 3 times per week for the rest of their lives unless they receive a donor kidney. The company has a 37% market share in the U.S. dialysis market. It is organized in Delaware and based in Denver.

FOR SALE DETAILS

PRICE

$1,664,527 USD

PRICE/SF

$301 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita Dialysis

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

-

APN/PARCEL ID

11277

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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