1849 Davisville Rd - Storefront Retail/Office FOR SALE


Willow Grove, PA 19090
$3,710,000 USD
215-603-6914
1849 Davisville Rd, Willow Grove, PA for Sale
$3,710,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 6.75% Cap Rate

1849 Davisville Rd
Willow Grove, PA 19090


HIGHLIGHTS

  • One of the few DaVita centers in the Philadelphia MSA offering nocturnal dialysis, a specialized and essential service
  • Long-term operator since 2010 with a recently extended lease now running through 2030
  • Lease includes 2.5% annual rent increases through the base and option terms, supporting stable income growth
  • Corporate-guaranteed by DaVita Inc. (NYSE: DVA), a global dialysis leader with nearly 2,700 locations and a “BB” S&P credit rating
  • Up to date 8,504 SF building with landlord responsible only for roof and structure under the double net (NN) lease.
  • rime infill location across from Willow Grove Park Mall, surrounded by dense demographics, major hospitals, and national retailers

OVERVIEW

CBRE is pleased to exclusively present for sale this mission-critical DaVita Dialysis facility located in Willow Grove, Pennsylvania. This location is one of the few DaVita centers in the Philadelphia MSA offering nocturnal dialysis in addition to standard treatments — a specialized and essential service that makes this site indispensable for local patient care. DaVita has operated at this location since 2010 under an original 15-year lease set to expire in 2025. In a recent lease amendment, the tenant committed to an additional 5-year term, now extending through November 2030. This early extension reflects DaVita’s long-term commitment to the site, plus Dialysis centers have a high renewal rate due to the significant regulatory, logistical, and clinical complexities involved in relocation. The lease features a rare and favorable rent structure, including a 5% increase in 2025 followed by 2.5% annual bumps throughout the remainder of the base term and renewal option — providing investors with built-in rent growth and long-term income stability. The lease is backed by DaVita Inc. (NYSE: DVA), a global leader in dialysis services with a network of almost 2,700 outpatient centers and a “BB” credit rating from Standard & Poor’s, offering investment-grade security and strong corporate backing. Ownership is passive and low-maintenance under a double net (NN) structure, with the tenant responsible for taxes, insurance, and CAM. The landlord is responsible only for the roof and structure. The 8,504 SF building was fully renovated in 2010 with all new systems and a new roof, which includes a transferable manufacturer’s warranty — significantly minimizing near-term capital expenditures.

FOR SALE DETAILS

PRICE

$3,710,000 USD

PRICE/SF

$436 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita Dialysis

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

PI

APN/PARCEL ID

30-00-12700-005

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.