2860 S US Highway 83 - Medical FOR SALE


Zapata, TX 78076
$3,141,227 USD
918-794-9787
2860 S US Highway 83, Zapata, TX for Sale
$3,141,227 USD
Medical - FOR SALE
1/7
null | 7.25% Cap Rate

2860 S US Highway 83
Zapata, TX 78076


HIGHLIGHTS

  • Fee simple single-tenant dialysis clinic in Zapata, Texas
  • Built in 2017 to DaVita “Hope” prototype standards with energy-efficient design
  • Landlord-friendly net lease with no early termination or kick-out provisions
  • Just under 6 years remaining plus two 5-year renewal options
  • 10 percent rent increases every 5 years
  • DaVita is a national kidney-care operator with BB S&P and Ba3 Moody’s credit ratings

OVERVIEW

Northmarq is pleased to offer qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant medical clinic located in Zapata, Texas. The Property consists of 1.17 acres improved with an 8,020-square-foot dialysis clinic completed in 2017 and built to DaVita’s “Hope” prototype design and building standards. The facility features an enhanced layout and energy-efficient operations intended to support operating-cost savings, and it benefits from frontage along U.S. Highway 83 in the center of Zapata, approximately 50 miles south of Laredo near the Mexican border. The Property is leased to DaVita, Inc., a leading provider of kidney care in the United States with a network of more than 2,675 dialysis centers. The lease features a 15-year initial term with just under six years remaining, two five-year renewal options, and scheduled rent increases of 10% every five years. The lease is the tenant’s standard form used across much of its portfolio and is described as a highly passive net lease with minimal expense exposure due to newer construction, and it includes no early termination or kick-out provisions. DaVita reported $12.82 billion in revenue and $936 million in net income as of December 31, 2024, and maintains a BB rating from Standard & Poor’s and a Ba3 rating from Moody’s. In Association With: Brett Butler - TX Lic. #558227-B

FOR SALE DETAILS

PRICE

$3,141,227 USD

PRICE/SF

$392 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

NZ

APN/PARCEL ID

5066

ASK ABOUT THIS PROPERTY

Scott BriggsNorthmarqMore Info
918-794-9787

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Scott BriggsNorthmarqMore Info
918-794-9787

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