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510 W North Way - DaVita, Dinuba, CA

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510 W North Way - DaVita

Dinuba, CA 93618-3447 - Dinuba Submarket

(2.2 MB)

Property Type:Health Care Sub Type:- Status:Existing Year Built:2013
Stories:1 Typical Floor:9,000 SF Building Size:9,000 SF
For Sale Price:$3,671,000 Price/SF:$407.89
Cap Rate:5.75 %

Sale Notes:
DaVita Dialysis is located at 510 E. North Way. The subject property is a 9,000-square-foot single tenant building on +/- 1.08 acres of land. There are 12.5 years and two, five year options remaining on the lease term with ten percent rental increases every five years. As of December 31, 2015, DaVita Kidney Care provided dialysis services to a total of approximately 190,000 patients at 2,369 outpatient dialysis centers, of which 2,251 centers are located in the United States and 118 centers are located in ten countries outside of the United States.

The subject property sits at the hard corner of Eaton Avenue and E North Way. There are over 50,700 residents and 13,500 households within a 5-mile radius of the center. Tenants in the area include Walmart Supercenter, KMart, Ruiz Foods, Walgreens, AutoZone, Big 5 Sporting Goods and more.

Located in the heart of the San Joaquin valley, Dinuba establishes itself as a centralized hub of California. With arterial access to Highway 99 and 198, Dinuba is an ideal location for travel, tourism, shipping and transport. Dinuba' s trade area population rivals that of many larger cities and its steady growth provides a solid foundation for both new and existing businesses.

Over the past ten years, Dinuba has shown steady growth and has maintained this growth through current economic downturn. The City has recently expanded its waste-water treatment facility to accommodate future growth. With an expanding infrastructure, new medical facilities, and a business friendly attitude, Dinuba provides the perfect setting for any industry.

Corporate Lease by the Leading Provider of Kidney Care in the Country (NYSE: DVA) Ten Percent Rental Increases Every Five Years - 6.33% Cap Rate in 2018 Rare California Investment Opportunity in the Middle of San Joaquin Valley 12.5 Years Remaining Freestanding Building with Excellent Signage - Hard Corner Location Strong Market Area - More than 5

Marcus & Millichap Inc
Jamie Medress
(602) 687-6778

Mark Ruble
(602) 687-6766 x6766

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