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DaVita Dialysis 5715 N Venoy Rd

9,576 SF Office Building Westland, MI 48185 $5,305,788 CAD ($554 CAD/SF) 6.50% Cap Rate

Investment Highlights

  • Westland only has two dialysis centers
  • 29.84% (24,626 individuals) of the population in Westland, MI ?ts the pro?le to suffer from kidney disease.
  • According to recent estimates from researchers at Johns Hopkins University and the National Kidney Foundation, more than 50% of seniors over the age o
  • Longest continued Dialysis use on the market.

Executive Summary

5715 N. Venoy, Westland, MI constructed in 1996 presents an exceptional investment opportunity as a prime retail dialysis facility. Ideal for investors seeking a hassle-free venture, this property offers a strategic location just off Ford Road, a major thoroughfare providing easy accessibility for residents. The property is conveniently located near both a Ford and Chevrolet dealership, as well as several major fast food chains and a Walgreens, all within close proximity.
Spanning a total of 109,335.6 SF, the site includes a 9,576 SF single-story building and ample parking with over 100 spaces dedicated to dialysis patients. The facility is currently leased to DaVita, the nation's largest dialysis provider, under a long-term agreement with over 10 years remaining, ensuring stable returns. The tenant may amend the lease for two additional ?ve-year terms by providing written notice 180 days before the current lease expires. If they fail to do so, the lessor will notify the tenant 90 days before the lease ends, giving the tenant an additional 30 days to respond.
DaVita specializes in treating individuals with kidney failure, offering life-sustaining services such as blood waste and ?uid removal. With a triple net (NNN) lease in place, investors can enjoy a passive income stream with minimal oversight, making this property an attractive, low-maintenance addition to any portfolio. Given the high demand for dialysis treatments in Michigan,DaVita is positioned well for the foreseeable future.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,576 SF
Building Class
B
Year Built
1996
Price
$5,305,788 CAD
Price Per SF
$554 CAD
Cap Rate
6.50%
NOI
$344,830 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,576 SF
Building FAR
0.09
Lot Size
2.51 AC
Zoning
C2 - Commercial
Parking
101 Spaces (10.55 Spaces per 1,000 SF Leased)

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
56-038-01-0010-301
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,176,136 CAD
  • Listing ID: 33088259

  • Date on Market: 2024-09-06

  • Last Updated:

  • Address: 5715 N Venoy Rd, Westland, MI 48185

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