2155 Main E st - Medical FOR SALE


Snellville, GA 30078
$4,513,274 USD
918-794-9787
2155 Main E st, Snellville, GA for Sale
$4,513,274 USD
Medical - FOR SALE
1/4
null | 5.65% Cap Rate

2155 Main E st
Snellville, GA 30078


HIGHLIGHTS

  • Brand-new 2024 build-to-suit 16-station dialysis clinic replacing DaVita’s long-established Snellville operation
  • Triple net lease through March 2040 with two five-year renewal options
  • No early termination or kick-out clause in the lease
  • Corporate guaranty from DaVita Inc.
  • Fixed rent increases of approximately 10% every five years
  • Outparcel to Snellville Oaks on US-78 with approximately 40,700 vehicles per day and strong five-mile demographics

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant dialysis clinic located at 2155 Main Street East, Snellville, Georgia, in Gwinnett County within the Atlanta MSA. The property consists of approximately 0.748 acres and an 8,260-square-foot, one-story medical building completed in 2024 as a build-to-suit for Honey Dialysis, LLC, a subsidiary of DaVita Inc., with a corporate guaranty from DaVita Inc. (NYSE: DVA). The 16-station clinic is the purpose-built replacement for DaVita’s long-established Snellville operation, which has served the trade area for more than 15 years. The lease is triple net with a 15-year initial term running through March 2040, fixed rent escalations of approximately 10% every five years, and two five-year renewal options extending the potential term to 25 years. Current annual rent is $255,000, stepping to $280,500 in April 2030 and $308,550 in April 2035. Landlord responsibilities are limited to structure, roof structure and common areas, and the lease includes a five-mile dialysis radius restriction. The property is an outparcel of Snellville Oaks fronting Main Street East / US-78 with approximately 40,700 vehicles per day, minutes from Piedmont Eastside Medical Center, and supported by more than 180,000 people and average household income of approximately $118,000 within five miles. Recent third-party reports are clean, with the Phase I ESA identifying no recognized environmental conditions and the ALTA survey confirming the site lies outside the 100-year flood plain. In Association With: Brett Butler - GA Lic. #358785

FOR SALE DETAILS

PRICE

$4,513,274 USD

PRICE/SF

$546 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita, Inc.

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

5-038-329

ASK ABOUT THIS PROPERTY

Scott BriggsNorthmarqMore Info
918-794-9787

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

Scott BriggsNorthmarqMore Info
918-794-9787

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