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DaVita, Inc. 175 Righter Rd 4,704 SF Office Building Succasunna, NJ 07876 $3,618,476 CAD ($769.23 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Corporate NN Lease to DaVita Affiliate
- Leading Operator in Growing Industry Insulated from Macroeconomic Changes
- High-Income Submarket with Regional Access
- New 10-Year Term; Commences at Closing; Passive, Landlord-Light Structure (NN); Built-In Rent Growth
- Renovated 2025
- No Early Termination or Kick-Out Clause
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the fee simple interest in a single-tenant DaVita dialysis clinic located at 175 Righter Road, Succasunna, New Jersey 07876.
The Property comprises ±0.60 acres improved with a ±5,000 SF single-story medical building that was renovated in 2025. The site benefits from an established Morris County healthcare/retail corridor with direct access to NJ-10 and I-80 and draws from affluent demographics in the surrounding trade area. There are over 104,000 in population in a five-mile radius with an average household income in excess of $162,000.
The tenancy is DVA Renal Healthcare, Inc. (DaVita affiliate) under a newly executed 10-year, double-net (NN) lease commencing upon closing, featuring 10% rent increases every five (5) years and three (3) five-year renewal options. Current annual rent/NOI is $172,050 ($34.41/SF). The lease includes no early termination, with landlord responsibilities primarily limited to roof/structure and capital items reimbursed on an amortized basis; tenant pays real estate taxes and reimburses insurance (see Lease).
As a leading healthcare operator, DaVita, Inc. is backed by strong financial performance, generating $12.82 billion in revenue and $936 million in net income as of 2024. The tenant holds a BB credit rating from Standard & Poor’s and a Ba3 rating from Moody’s, offering a reliable and stable income stream backed by one of the largest kidney care companies in the world.
In summary, this investment presents a unique opportunity to acquire a medical office property leased to a top-tier healthcare provider with long-term lease security, rent escalations, and minimal landlord responsibilities, located in the highly-populated New York City metro.
Jason Maier - NJ Broker Lic. #1537436
The Property comprises ±0.60 acres improved with a ±5,000 SF single-story medical building that was renovated in 2025. The site benefits from an established Morris County healthcare/retail corridor with direct access to NJ-10 and I-80 and draws from affluent demographics in the surrounding trade area. There are over 104,000 in population in a five-mile radius with an average household income in excess of $162,000.
The tenancy is DVA Renal Healthcare, Inc. (DaVita affiliate) under a newly executed 10-year, double-net (NN) lease commencing upon closing, featuring 10% rent increases every five (5) years and three (3) five-year renewal options. Current annual rent/NOI is $172,050 ($34.41/SF). The lease includes no early termination, with landlord responsibilities primarily limited to roof/structure and capital items reimbursed on an amortized basis; tenant pays real estate taxes and reimburses insurance (see Lease).
As a leading healthcare operator, DaVita, Inc. is backed by strong financial performance, generating $12.82 billion in revenue and $936 million in net income as of 2024. The tenant holds a BB credit rating from Standard & Poor’s and a Ba3 rating from Moody’s, offering a reliable and stable income stream backed by one of the largest kidney care companies in the world.
In summary, this investment presents a unique opportunity to acquire a medical office property leased to a top-tier healthcare provider with long-term lease security, rent escalations, and minimal landlord responsibilities, located in the highly-populated New York City metro.
Jason Maier - NJ Broker Lic. #1537436
Property Facts
Sale Type
Investment
Property Type
Building Size
4,704 SF
Building Class
C
Year Built/Renovated
1960/2025
Price
$3,618,476 CAD
Price Per SF
$769.23 CAD
Cap Rate
6.50%
NOI
$235,201 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,704 SF
Building FAR
0.19
Lot Size
0.57 AC
Zoning
GU
Parking
27 Spaces (5.74 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- DaVita, Inc.
- Health Care and Social Assistance
- 4,704 SF
- $47.04 CAD
- Double Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| DaVita, Inc. | Health Care and Social Assistance | 4,704 SF | $47.04 CAD | Double Net | - |
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Property Taxes
| Parcel Number | 36-04901-0000-00003 | Improvements Assessment | $540,385 CAD |
| Land Assessment | $6,125 CAD | Total Assessment | $546,510 CAD |
Property Taxes
Parcel Number
36-04901-0000-00003
Land Assessment
$6,125 CAD
Improvements Assessment
$540,385 CAD
Total Assessment
$546,510 CAD
Contacts
-
Scott Briggs -
Kelly Largent -
Nathanael Berwaldt -
Sarah Martin -
Jason Maier -
Northmarq
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DaVita, Inc. | 175 Righter Rd
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