The subject property is a high-performing DaVita Dialysis facility in the heart of Central Tampa. The clinic operates six days per week with 26 treatment chairs, benefiting from strong patient demand, excellent visibility, and continuous traffic from South Tampa, Hyde Park, and Downtown.
The property is leased on a Triple-Net (NNN) basis with approximately 9.5 years remaining. The tenant pays all real estate taxes, insurance, utilities, and interior maintenance, with landlord responsibilities limited to roof and structural maintenance only. DaVita signed an early lease renewal in April 2026, extending the firm term through October 2035 with one five-year renewal option through 2040 at a 10% increase. The asset is surrounded by ongoing redevelopment, including a planned mixed-use project adjacent to the site, contributing to long-term value growth.