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DaVita Dialysis 2205 W Kennedy Blvd 8,000 SF Office Building Tampa, FL 33606 $8,120,991 CAD ($1,015.12 CAD/SF) 5.65% Cap Rate



Investment Highlights
- Corporate Triple-Net (NNN) Lease
- Early Renewal Signals Long-Term Tenant Commitment
- DaVita is the Largest Dialysis Provider in the U.S. (Approx. 35% Market Share)
- Approx. 9.5 Years Remaining on Base Term
- 26 Treatment Chairs, Operating Six Days Per Week
- Adjacent to Major Mixed-Use Development with 235 Apartments & Retail
Executive Summary
The subject property is a high-performing DaVita Dialysis facility in the heart of Central Tampa. The clinic operates six days per week with 26 treatment chairs, benefiting from strong patient demand, excellent visibility, and continuous traffic from South Tampa, Hyde Park, and Downtown.
The property is leased on a Triple-Net (NNN) basis with approximately 9.5 years remaining. The tenant pays all real estate taxes, insurance, utilities, and interior maintenance, with landlord responsibilities limited to roof and structural maintenance only. DaVita signed an early lease renewal in April 2026, extending the firm term through October 2035 with one five-year renewal option through 2040 at a 10% increase. The asset is surrounded by ongoing redevelopment, including a planned mixed-use project adjacent to the site, contributing to long-term value growth.
The property is leased on a Triple-Net (NNN) basis with approximately 9.5 years remaining. The tenant pays all real estate taxes, insurance, utilities, and interior maintenance, with landlord responsibilities limited to roof and structural maintenance only. DaVita signed an early lease renewal in April 2026, extending the firm term through October 2035 with one five-year renewal option through 2040 at a 10% increase. The asset is surrounded by ongoing redevelopment, including a planned mixed-use project adjacent to the site, contributing to long-term value growth.
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Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
8,000 SF
Building Class
B
Year Built/Renovated
1940/2015
Price
$8,120,991 CAD
Price Per SF
$1,015.12 CAD
Cap Rate
5.65%
NOI
$458,838 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,000 SF
Building FAR
0.32
Lot Size
0.57 AC
Zoning
CG - Commercial General
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Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | A-23-29-18-4S4-000006-00004.0 | Improvements Assessment | $3,498,136 CAD |
| Land Assessment | $137 CAD | Total Assessment | $3,498,273 CAD |
Property Taxes
Parcel Number
A-23-29-18-4S4-000006-00004.0
Land Assessment
$137 CAD
Improvements Assessment
$3,498,136 CAD
Total Assessment
$3,498,273 CAD
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DaVita Dialysis | 2205 W Kennedy Blvd
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