805 Old Mill St - Drug Store FOR SALE


Tuscaloosa, AL 35401- West Tuscaloosa
$2,188,976 USD
619-218-6427
805 Old Mill St, Tuscaloosa, AL for Sale
$2,188,976 USD
Drug Store - FOR SALE
1/5
null | 6.35% Cap Rate

805 Old Mill St
Tuscaloosa, AL 35401
West Tuscaloosa


HIGHLIGHTS

  • New 10-Year Lease Extension Indicating DaVita’s Long-Term Commitment to the Location (Historical Occupancy Since 2007)
  • Strong Parent Company - DaVita, Inc. (NYSE: DVA) Reported $12.8 Billion in Revenue w/ $936 Million in Net Income in 2024
  • Prime Tuscaloosa Location Near University of Alabama — 2.5 Miles from Campus (Over 42,000 Students) with Bryant-Denny Stadium Nearby
  • Dense Trade Area w/ 139,000 Residents in 5-Miles & 13% Expected Population Growth Over Next 5-Years
  • High Visibility Along Greensboro Avenue with 21,500 VPD
  • Mission-Critical Healthcare Asset with Limited Competition in a University-Focused Market

OVERVIEW

The subject property is a freestanding DaVita Dialysis clinic located in Tuscaloosa, AL. DaVita has operated at this location since 2007 and recently reaffirmed its commitment by signing a new 10-year lease extension through 2035. In 2025, the tenant invested in significant property upgrades — including a brand-new fence, landscaping, and a full parking lot repaving and restriping — all completed at DaVita’s expense. The lease provides 10% rent increases during the primary term and 1.75% annual increases throughout the three five-year option periods, offering investors stable, long-term income secured by a mission-critical healthcare tenant. Additionally, Alabama’s Certificate of Need (CON) regulations make relocating or establishing a competing facility more difficult, further enhancing the site’s strategic value. DaVita, Inc. (NYSE: DVA), a Fortune 500 healthcare provider and one of the largest kidney care companies in the United States operating over 2,675 dialysis centers nationwide, generated $12.8 billion in revenue and $936 million in net income as of 2024. The tenant holds a BB credit rating from Standard & Poor’s and a Ba3 rating from Moody’s, offering a reliable and stable income stream backed by one of the largest kidney care companies in the world. This DaVita benefits from exceptional visibility and accessibility in Tuscaloosa’s primary commercial and medical corridor. The property is located just 2.5 miles from the University of Alabama (over 42,000 students), home to Bryant–Denny Stadium (seating capacity over 100,000 people), and benefits from the university’s strong regional economic impact. The site has strong exposure along Greensboro Avenue with 21,500 vehicles per day and benefits from exceptional visibility and accessibility, drawing from high daily traffic and neighboring national brands, healthcare providers, and service-oriented businesses that help support consistent patient and visitor volume. Major employers in Tuscaloosa include The University of Alabama (over 42,000 students and more than 8,000 faculty and staff), Mercedes-Benz U.S. International, DCH Health System, BFGoodrich Tire Manufacturing, and Hunt Refining Company, collectively employing tens of thousands across the region. Other national retailers in the immediate vicinity include Walmart, Sam’s Club, Target, Lowe’s, Home Depot, Academy Sports, Dick’s Sporting Goods, TJ Maxx, Michaels, Five Below, World Market, PetSmart, Dollar General, Family Dollar, Walgreens, CVS, Chick-fil-A, Taco Bell, Wendy’s, Zaxby’s, Outback Steakhouse, Olive Garden, IHOP, Hardee’s, AutoZone, Advance Auto Parts, and Sherwin-Williams. The area is further supported by nearby hotel and service providers including Hotel Indigo, Homewood Suites, Home2 Suites, and Holiday Inn Express. This is a strong opportunity to acquire a mission-critical medical asset in a thriving Alabama university market.

FOR SALE DETAILS

PRICE

$2,188,976 USD

PRICE/SF

$295 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Davita Dialysis | New 10-Year Lease Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Drug Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

-

APN/PARCEL ID

31-07-35-1-008-041.000

ASK ABOUT THIS PROPERTY

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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