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483 Gateway Industrial Park
Jenkins, KY 41537
DaVita Dialysis · Health Care Property For Sale
·
1 Bed
INVESTMENT HIGHLIGHTS
- DaVita Dialysis controls 37% market share of the U.S. dialysis industry
- Corporate guaranty from DaVita Healthcare Partners
- E-commerce & recession resistant business
- Public company (NYSE: DVA) and S&P 500 component
- Operating history since 2014
- Limited competition in the area – The nearest Fresenius is 20 miles south
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant net leased DaVita Dialysis located in Jenkins, Kentucky.
DaVita has been successfully operating at this location since it’s construction in 2014 with the current lease running through March
2029. There are two 5-year renewal options. The lease also comes with a guaranty from DaVita Healthcare Partners Inc.
The 5,524 square-foot building is located just off US Highway 23, a primary thoroughfare for the area that experiences over 8,455
vehicles per day. This DaVita location benefits from the limited competition in the area, the nearest national competitor is found
over 20 miles south. Other tenants supporting the town of Jenkins include Save A Lot, Walgreens, Dollar General, Hardee’s, Valero,
Marathon, and several others. Average household income within a 7-mile radius is $53,982. As of 2020, 90% of DaVita’s patients were
covered by government-based health insurance which makes this an ideal location based on income demographics alone.
DaVita Inc. provides kidney dialysis services through a network of 2,816 outpatient dialysis centers in the United States, serving
204,200 patients, and 321 outpatient dialysis centers in 10 other countries serving 3,200 patients. The company primarily treats
end-stage renal disease (ESRD), which requires patients to undergo dialysis 3 times per week for the rest of their lives unless they
receive a donor kidney. The company has a 37% market share in the U.S. dialysis market. It is organized in Delaware and based in
Denver.
DaVita has been successfully operating at this location since it’s construction in 2014 with the current lease running through March
2029. There are two 5-year renewal options. The lease also comes with a guaranty from DaVita Healthcare Partners Inc.
The 5,524 square-foot building is located just off US Highway 23, a primary thoroughfare for the area that experiences over 8,455
vehicles per day. This DaVita location benefits from the limited competition in the area, the nearest national competitor is found
over 20 miles south. Other tenants supporting the town of Jenkins include Save A Lot, Walgreens, Dollar General, Hardee’s, Valero,
Marathon, and several others. Average household income within a 7-mile radius is $53,982. As of 2020, 90% of DaVita’s patients were
covered by government-based health insurance which makes this an ideal location based on income demographics alone.
DaVita Inc. provides kidney dialysis services through a network of 2,816 outpatient dialysis centers in the United States, serving
204,200 patients, and 321 outpatient dialysis centers in 10 other countries serving 3,200 patients. The company primarily treats
end-stage renal disease (ESRD), which requires patients to undergo dialysis 3 times per week for the rest of their lives unless they
receive a donor kidney. The company has a 37% market share in the U.S. dialysis market. It is organized in Delaware and based in
Denver.
PROPERTY FACTS
| Price Per Bed | $2,239,560 CAD | Building Size | 5,524 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 8.30% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2014 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 1.02 AC |
| Price Per Bed | $2,239,560 CAD |
| Sale Type | Investment |
| Cap Rate | 8.30% |
| Property Type | Health Care |
| Building Class | B |
| Lot Size | 1.02 AC |
| Building Size | 5,524 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 2014 |
| Opportunity Zone |
Yes |
PROPERTY TAXES
| Parcel Number | 11277 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $62,564 CAD |
PROPERTY TAXES
Parcel Number
11277
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$62,564 CAD
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