Long Term, NNN Lease – 12.75 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.
Corporate Guaranty – Corporate lease guaranty by DaVita, Inc., a leading provider of dialysis treatment with a Ba2 credit rating and revenues exceeding $11.5 B.
Committed Tenant – The clinic went through an expansion in 2019 to add 1,775 SF, proving tenant commitment to site.
Strong Demographics – The average household income exceeds $102K in a 5-mile radius.
CON State – North Carolina is a Certificate of Need State, creating significant barriers of entry from any competition in the marketplace.