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Corp DaVita | Rare, 3.75% Annual Bumps E10196 County Road P 7,895 SF Office Building Wisconsin Dells, WI 53965 $5,999,013 CAD ($759.85 CAD/SF) 7.70% Cap Rate
Investment Highlights
- Corporately Guaranteed Lease | Exceptional, 3.75% Annual Rental Increases
- Across From a Walmart And Home Depot Anchored Center | Water Park Capital Of The World
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In The Immediate Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, DaVita investment property located in Wisconsin Dells, WI. The tenant, DaVita, has over 5.5 years of lease term remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 3.75% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
7,895 SF
Building Class
B
Year Built
2017
Price
$5,999,013 CAD
Price Per SF
$759.85 CAD
Cap Rate
7.70%
NOI
$461,924 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,895 SF
Building FAR
0.17
Lot Size
1.04 AC
Zoning
A-2 - Agricultural and Rural Business
Parking
28 Spaces (3.55 Spaces per 1,000 SF Leased)
Amenities
- Signage
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 was established in 1992 and has become a major provider of kidney dialysis services. The company operates thousands of outpatient dialysis centers globally. Services include in-center hemodialysis, peritoneal dialysis, and home dialysis options. DaVita also provides integrated kidney care programs and clinical research services. The company serves hundreds of thousands of patients annually through its network of facilities in the United States and multiple other countries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 146-0147-53205 | Improvements Assessment | $3,447,194 CAD |
| Land Assessment | $800,052 CAD | Total Assessment | $4,247,246 CAD |
Property Taxes
Parcel Number
146-0147-53205
Land Assessment
$800,052 CAD
Improvements Assessment
$3,447,194 CAD
Total Assessment
$4,247,246 CAD
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Corp DaVita | Rare, 3.75% Annual Bumps | E10196 County Road P
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