5715 N Venoy Rd - Medical FOR SALE


Westland, MI 48185
$3,731,215 USD
562-269-4844
5715 N Venoy Rd, Westland, MI for Sale
$3,731,215 USD
Medical - FOR SALE
1/13
null | 6.5% Cap Rate

5715 N Venoy Rd
Westland, MI 48185


HIGHLIGHTS

  • Westland only has two dialysis centers
  • According to recent estimates from researchers at Johns Hopkins University and the National Kidney Foundation, more than 50% of seniors over the age o
  • 29.84% (24,626 individuals) of the population in Westland, MI ?ts the pro?le to suffer from kidney disease.
  • Longest continued Dialysis use on the market.

OVERVIEW

5715 N. Venoy, Westland, MI constructed in 1996 presents an exceptional investment opportunity as a prime retail dialysis facility. Ideal for investors seeking a hassle-free venture, this property offers a strategic location just off Ford Road, a major thoroughfare providing easy accessibility for residents. The property is conveniently located near both a Ford and Chevrolet dealership, as well as several major fast food chains and a Walgreens, all within close proximity. Spanning a total of 109,335.6 SF, the site includes a 9,576 SF single-story building and ample parking with over 100 spaces dedicated to dialysis patients. The facility is currently leased to DaVita, the nation's largest dialysis provider, under a long-term agreement with over 10 years remaining, ensuring stable returns. The tenant may amend the lease for two additional ?ve-year terms by providing written notice 180 days before the current lease expires. If they fail to do so, the lessor will notify the tenant 90 days before the lease ends, giving the tenant an additional 30 days to respond. DaVita specializes in treating individuals with kidney failure, offering life-sustaining services such as blood waste and ?uid removal. With a triple net (NNN) lease in place, investors can enjoy a passive income stream with minimal oversight, making this property an attractive, low-maintenance addition to any portfolio. Given the high demand for dialysis treatments in Michigan,DaVita is positioned well for the foreseeable future.

FOR SALE DETAILS

PRICE

$3,731,215 USD

PRICE/SF

$390 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita Dialysis

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,336 SF

ZONING

C2

APN/PARCEL ID

56-038-01-0010-301

ASK ABOUT THIS PROPERTY

Justin WhiteCentennial AdvisersMore Info
562-269-4844

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Justin WhiteCentennial AdvisersMore Info
562-269-4844

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