1520 Flag Dr
Florence, SC 29505

Colliers International, as Exclusive Advisor to the Seller, is pleased to present the opportunity to acquire the 100% fee simple interest in a single-tenant DaVita Dialysis (the “Property”) in Florence, South Carolina. The property is located just off Pamplico Highway and across the street from a Lowe’s and Bi-Lo anchored shopping center. The Lease has 9.5 Years remaining and the the annual rent which DaVita is paying is $18 PSF, which is on par for current market rent. There is 0 properties for lease in the office/medical office which speaks to the demand to medical related tenants in the area. The property consists of an approximate 8,700 square foot building on 43,124 square feet of land. The lease is executed by Total Renal Care, Inc ( NYSE:DVA), and guaranteed by Corporate DaVita Healthcare Partners. DaVita is currently ranked 231 on the Fortune 500 list of companies. DaVita has 9.5 years remaining on their lease and 2 additional five (5) year options, with rental increases every 5 years. This site was a Build-to-Suit in 2013.