Log In/Sign Up
Your email has been sent.
Davita Kidney Care 4679 W Spruce Ave 12,960 SF Office Building Fresno, CA 93722 $11,221,793 CAD ($865.88 CAD/SF) 4.37% Cap Rate
Investment Highlights
- Absolute NNN
- 10 years left on lease
- Full Medical Buildout
Executive Summary
Lee & Associates is pleased to present the opportunity to acquire a purpose-built, single-tenant dialysis facility net-leased to DaVita Kidney Care (NYSE: DVA), one of the nation's leading kidney care providers, with over 2,650 U.S. centers, approximately 200,000 patients served, and $12.8B in 2024 consolidated revenue.
Constructed in 2021, the 12,960-square-foot medical facility sits on a 1.53-acre parcel in northwest Fresno, near W. Herndon Avenue and N. Milburn Avenue with convenient regional access to State Route 99. The asset is 100% leased under an Absolute NNN structure, with the tenant responsible for real estate taxes, insurance, utilities, and day-to-day maintenance, providing a low-management investment with minimal landlord responsibility.
The lease runs through July 6, 2036, with 10% contractual rent increases every five years and three five-year renewal options extending potential tenant control through July 2051. The facility benefits from exclusive dialysis use protection and expansion rights on adjacent premises, reinforcing its long-term operational commitment at this location.
Surrounded by a dense, growing residential base, the property serves a trade area (ZIP 93722) with a population of over 86,000, median household income of $80,285, and a young median age of 32.3, supporting sustained demand for outpatient medical services. Fresno, the largest city in California's Central Valley, anchors a regional healthcare, agriculture, logistics, and employment hub with a city population of approximately 555,549 and a county population exceeding 1 million.
This offering provides investors the opportunity to acquire a recession-resistant, healthcare-anchored asset with investment-grade tenancy, contractual income growth, and a long-term lease structure in one of California's fastest-growing inland markets.
• DaVita (NYSE: DVA) Credit Tenant
• Approximately 10 Years Remaining on Lease
• Absolute NNN Lease Structure
• Minimal Landlord Responsibilities
• Newer Construction (Completed in 2021)
• 10% Rent Increases Every 5 Years
• Three (3) Five-Year Renewal Options
• Purpose-Built ±12,960 SF Dialysis Facility
• Strong Healthcare Demand Drivers
• Long-Term Occupancy Potential Through 2051
Constructed in 2021, the 12,960-square-foot medical facility sits on a 1.53-acre parcel in northwest Fresno, near W. Herndon Avenue and N. Milburn Avenue with convenient regional access to State Route 99. The asset is 100% leased under an Absolute NNN structure, with the tenant responsible for real estate taxes, insurance, utilities, and day-to-day maintenance, providing a low-management investment with minimal landlord responsibility.
The lease runs through July 6, 2036, with 10% contractual rent increases every five years and three five-year renewal options extending potential tenant control through July 2051. The facility benefits from exclusive dialysis use protection and expansion rights on adjacent premises, reinforcing its long-term operational commitment at this location.
Surrounded by a dense, growing residential base, the property serves a trade area (ZIP 93722) with a population of over 86,000, median household income of $80,285, and a young median age of 32.3, supporting sustained demand for outpatient medical services. Fresno, the largest city in California's Central Valley, anchors a regional healthcare, agriculture, logistics, and employment hub with a city population of approximately 555,549 and a county population exceeding 1 million.
This offering provides investors the opportunity to acquire a recession-resistant, healthcare-anchored asset with investment-grade tenancy, contractual income growth, and a long-term lease structure in one of California's fastest-growing inland markets.
• DaVita (NYSE: DVA) Credit Tenant
• Approximately 10 Years Remaining on Lease
• Absolute NNN Lease Structure
• Minimal Landlord Responsibilities
• Newer Construction (Completed in 2021)
• 10% Rent Increases Every 5 Years
• Three (3) Five-Year Renewal Options
• Purpose-Built ±12,960 SF Dialysis Facility
• Strong Healthcare Demand Drivers
• Long-Term Occupancy Potential Through 2051
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
12,960 SF
Building Class
A
Year Built
2021
Price
$11,221,793 CAD
Price Per SF
$865.88 CAD
Cap Rate
4.37%
NOI
$490,149 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,960 SF
Building FAR
0.19
Lot Size
1.53 AC
Zoning
O - Office
Parking
60 Spaces (4.63 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
DaVita traces its roots to a kidney care business founded in 1992 and later known as Total Renal Care before adopting the DaVita name in 2000. DaVita now focuses on dialysis services, kidney health education, and support for people living with chronic kidney disease and end-stage kidney disease. DaVita also operates business lines in integrated kidney care, clinical research, physician solutions, and venture investing, reflecting a broader platform built around kidney care and related health services. The company serves patients through a wide U.S. network and also maintains an international presence outside the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 502-370-06 | Improvements Assessment | $6,475,765 CAD |
| Land Assessment | $1,807,190 CAD | Total Assessment | $8,282,955 CAD |
Property Taxes
Parcel Number
502-370-06
Land Assessment
$1,807,190 CAD
Improvements Assessment
$6,475,765 CAD
Total Assessment
$8,282,955 CAD
Contacts
-
Elizabeth Brown-Simone -
Beniamin Kisliuk -
Lee & Associates- Victorville IE NORTH
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Davita Kidney Care | 4679 W Spruce Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.