Long Term, NNN Lease – 8+ years remaining on a 15-year lease term with two, 5-year option periods.
Rent Increases – 10% rent increases every five years throughout the lease term and (2) 5-year option periods provide for a secure stream of income.
Corporate Guaranty – Lease guaranty by DaVita, Inc., featuring an S&P rating of “BB” and a Ba3 credit rating from Moody’s.
Exceptional Demographics – The average household income exceeds $202K in a 1-mile radius.
Easy Access & Visibility – Directly situated on Route 202 (21,000 VPD) a high traffic N-S retail corridor.
Major MSA – Chadds Ford Township is part of the Philadelphia MSA. Additionally, the town is ranked as one of the best places to live and retire in the United States due to the mixed suburban & rural setting in an affluent area. Most residents own their homes, the crime rate is one of the lowest in the country, and there is steady growth in the job market.
Near Major Hospitals – DaVita is about three miles from Crozer Medical Health Plaza the health system’s outpatient center; whereas Crozer Chester Medical Center is about 11 miles east, providing 424 patient beds and admitting over 19,000 patients annually. Crozer Health is a 4-hospital health system serving Pennsylvania, Delaware, and parts of New Jersey.