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.