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For Sale

DaVita Dialysis  |  Grants Pass, OR

$3,089,000  |  6.50% Cap

1055 Redwood Ave, Grants Pass, OR 97527

A white building with a blue awning and the word davita on it

Exclusively Listed By:


Harrison Warr


(832) 602-4876 | harrison@phnlg.com


Broker of Record: Brian Brockman | Bang Realty-Oregon Inc | OR License #: 201236414



Investment Highlights

 

Corporately Guaranteed  - The DaVita Dialysis lease is backed by a corporate guarantee from DaVita, Inc., a Fortune 500® company and the leading provider of kidney care in the United States.


Minimal Landlord Responsibilities  - The tenant is responsible for all expenses related to the HVAC, interior of the premises, landscaping, property taxes, utilities, insurance premiums and janitorial services.


Annual Rent Escalations  - The base rent increases by 3.0% in January of 2026, followed by 2.9% average annual rent increases for the remainder of the lease term.


Strong Demographics- The subject property's location benefits from a strong demographic profile in which the total population counts exceed 45,000 (3-mile radius). In 2023, households earned an average of $75,000 (5-mile radius), estimated to increase by 14.5% over the next 5 years.


Recent Renovations- The subject property's parking area was repaired & resealed in 2022. Additionally, the roof was inspected and cleaned in 2023.


Close Proximity To Hospital- The subject property is located less than a mile from the 125-bed Asante Three Rivers Hospital. As the largest health care provider in nine counties, Asante provides comprehensive medical care to more than 600,000 people throughout southern Oregon and northern California.


 

A white building with a blue awning and the word davita on it
Facility Type Building Area (SF) Years Remaining Net Operating Income
Single Tenant

13,000 Square Feet

8+ Years $200,778

Investment Overview - Peranich Huffman Net Lease Group is pleased to offer for sale, the DaVita Dialysis of Grants Pass, OR. The 13,000 SF medical facility is offered at a 6.50% capitalization rate. The offering provides an investor with the opportunity to acquire a property that is home to a national medical tenant that exemplifies a reputation of consistency for both patients and the real estate investment community.


Lease Term - In 2014, DaVita Dialysis executed a 10-year lease at the DaVita Dialysis of Grants Pass, OR location. DaVita Dialysis recently exercised an early lease extension for an additional 7 years. The lease currently has 8.5+ years of term remaining accompanied by a single 3.0% increase in January 2026, followed by an average of 2.9% annual escalations thereafter. Additionally, DaVita Dialysis has (2) 5-year lease renewal options.


Net Lease Structure - The corporately guaranteed DaVita Dialysis lease is structured on a net basis, whereby the tenant is responsible for all expenses related to the HVAC, interior of the premises, landscaping, property taxes, utilities, insurance premiums and janitorial services. The landlord is responsible for the structure, roof, and parking area.


About The Tenant - DaVita Inc., 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 and provides administrative services at 2,800 outpatient dialysis centers serving approximately 204,000 patients in the U.S.

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