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For Sale
$4,931,000 | 7.00% Cap
1020 North 14th Street, Beaumont, TX 77702
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Broker of Record: | N/A |
Investment Highlights
Absolute Net Lease
DaVita Dialysis operates at the subject property under an absolute net lease, whereby the tenant maintains complete responsibility for all expenses, including utilities, repairs, insurance, taxes, and all other operating costs. The absolute net lease structure eliminates landlord expense obligations while providing predictable and passive cash flow.
Within Established Healthcare Hub
The subject property benefits from its location within Beaumont's principal medical district anchored by the 431-bed CHRISTUS Hospital, and shares immediate proximity with Texas Oncology and Southeast Texas Gastroenterology Associates.
Operational Performance
The 33-station DaVita Dialysis maintains extensive operating hours, spanning three shifts daily from 5am to 9pm, six days per week, indicating high patient demand and sustained treatment volumes.
Strong Population Density
The subject property is positioned in a densely populated area of Texas, with 110,000+ residents living within a 5-mile radius, providing a robust customer base for DaVita's services.
High-Traffic Interstate Exposure
Interstate 10, an east-west connection between Houston & Louisiana averaging 91,000+ daily drivers, provides exceptional accessibility to the nearby subject property and broader Beaumont medical district.
Non-Income Tax State
Serving as a major benefit to the landlord, as of 2024, nine states: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming — levy no state income tax.
Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
---|---|---|---|
Single Tenant | 15,401 Square Feet |
5+ Years | $345,191 |
Investment Overview
Peranich Huffman Net Lease Group is pleased to exclusively present for sale, the DaVita Dialysis located in Beaumont, TX. Priced at a 7.00% capitalization rate, the offering presents investors with the opportunity to acquire a property leased to a reputable national medical provider with a proven history of tenant stability and kidney disease treatment delivery.
Built in 2014, the 15,041 square-foot DaVita Dialysis is strategically situated on a 1.89-acre lot with frontage along North 14th Street. Surrounded by healthcare facilities within Beaumont's primary medical district, DaVita's location provides advantageous positioning among complementary medical services. The 431-bed CHRISTUS Southeast Texas St. Elizabeth Hospital, the only Level III trauma center in the area, is located within a half-mile of the subject property. Other nearby healthcare facilities include: Kate Dishman Rehabilitation Hospital; Legacy Community Health Beaumont North - Taylor Pediatrics; CHRISTUS Trinity Clinic; Southeast Texas OB/GYN Associates; Beaumont Pathology Associates; Beaumont Heart & Vascular Center; and immediately adjacent to the subject property, Texas Oncology and Southeast Texas Gastroenterology Associates.
Lease
Executing a 15-year lease in 2015, DaVita Dialysis has over 5 years of primary lease term remaining. Additionally, DaVita has (2) 5 year renewal options available with rent increases of 2.4% in the first option period and 2.1% in the second. Under the lease agreement's absolute net structure, the tenant bears full financial responsibility for all expenses related to the property while the landlord has zero expense obligations.
Tenant
DaVita Inc. (S&P: "BB"), a Fortune 500® company, and the parent company of DaVita Kidney Care, is a leading provider of kidney care in the United States, delivering dialysis services to patients with chronic kidney failure and end stage renal disease. DaVita Kidney Care operates & provides administrative services in over 3,000 outpatient dialysis centers across the United States, serving approximately 248,000 patients.
Georgia Office
(832) 602-3383
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(832) 602-4876
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