DaVita in IN | 7-Year Corp (S&P: BB) NN 1602 Main St

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, DaVita investment property located in Tell City, IN. The tenant, Davita, Inc., has had a long operating history at the site, and has 7 years remaining on their current lease with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features rare 2% yearly rental increases during the lease term and option periods, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities limited to maintaining roof, structure, and parking lot making it an ideal, low-management investment opportunity for a passive investor.
Davita, Inc is a creditworthy, publicly traded company (S&P: BB) with over 2,800 locations and 67,000 employees worldwide. The subject location is on the hard corner intersection of Steuben St and Main St (16,200 VPD). The site is equipped with a large pylon sign directly on the corner, providing excellent visibility to traffic and the surrounding area. Nearby national/credit tenants located in Tell City include Walmart, CVS, AT&T, Tractor Supply Co, O’Reilly Auto Parts, McDonalds, and more. DaVita is centrally located between the cities of Louisville, Evansville, Owensboro, and many other population centers, increasing their potential consumer base. The subject property is located less than 3 miles from Perry County Memorial Hospital, the largest medical facility in Perry County, IN. The 5-mile trade area is supported by over 13,800 residents and 8,100 employees, with an average household income of $72,800.