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2860 S US Highway 83 8,020 SF Office Building Zapata, TX 78076 $4,347,772 CAD ($542.12 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Fee simple single-tenant dialysis clinic in Zapata, Texas
- Landlord-friendly net lease with no early termination or kick-out provisions
- 10 percent rent increases every 5 years
- Built in 2017 to DaVita “Hope” prototype standards with energy-efficient design
- Just under 6 years remaining plus two 5-year renewal options
- DaVita is a national kidney-care operator with BB S&P and Ba3 Moody’s credit ratings
Executive Summary
Northmarq is pleased to offer qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant medical clinic located in Zapata, Texas. The Property consists of 1.17 acres improved with an 8,020-square-foot dialysis clinic completed in 2017 and built to DaVita’s “Hope” prototype design and building standards. The facility features an enhanced layout and energy-efficient operations intended to support operating-cost savings, and it benefits from frontage along U.S. Highway 83 in the center of Zapata, approximately 50 miles south of Laredo near the Mexican border.
The Property is leased to DaVita, Inc., a leading provider of kidney care in the United States with a network of more than 2,675 dialysis centers. The lease features a 15-year initial term with just under six years remaining, two five-year renewal options, and scheduled rent increases of 10% every five years. The lease is the tenant’s standard form used across much of its portfolio and is described as a highly passive net lease with minimal expense exposure due to newer construction, and it includes no early termination or kick-out provisions. DaVita reported $12.82 billion in revenue and $936 million in net income as of December 31, 2024, and maintains a BB rating from Standard & Poor’s and a Ba3 rating from Moody’s.
In Association With: Brett Butler - TX Lic. #558227-B
The Property is leased to DaVita, Inc., a leading provider of kidney care in the United States with a network of more than 2,675 dialysis centers. The lease features a 15-year initial term with just under six years remaining, two five-year renewal options, and scheduled rent increases of 10% every five years. The lease is the tenant’s standard form used across much of its portfolio and is described as a highly passive net lease with minimal expense exposure due to newer construction, and it includes no early termination or kick-out provisions. DaVita reported $12.82 billion in revenue and $936 million in net income as of December 31, 2024, and maintains a BB rating from Standard & Poor’s and a Ba3 rating from Moody’s.
In Association With: Brett Butler - TX Lic. #558227-B
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
8,020 SF
Building Class
B
Year Built
2017
Price
$4,347,772 CAD
Price Per SF
$542.12 CAD
Cap Rate
7.25%
NOI
$315,213 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,020 SF
Building FAR
0.16
Lot Size
1.17 AC
Opportunity Zone
Yes
Zoning
NZ
Parking
37 Spaces (4.61 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- DaVita
- Health Care and Social Assistance
- 8,020 SF
- $39.31 CAD
- Double Net
- Feb 2032
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| DaVita | Health Care and Social Assistance | 8,020 SF | $39.31 CAD | Double Net | Feb 2032 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 5066 | Improvements Assessment | $479,251 CAD |
| Land Assessment | $457,938 CAD | Total Assessment | $937,188 CAD |
Property Taxes
Parcel Number
5066
Land Assessment
$457,938 CAD
Improvements Assessment
$479,251 CAD
Total Assessment
$937,188 CAD
Contacts
-
Scott Briggs -
Kelly Largent -
Nathanael Berwaldt -
Brett Butler -
Sarah Martin -
Northmarq
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2860 S US Highway 83
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