DaVita Dialysis | South Bend, IN

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Investment Highlights

Minimal Landlord Responsibilities - The tenant is responsible for all expenses related to replacements, repairs, and maintenance of the property (see OM) except for the structure, electrical, and exterior plumbing.

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

Strong Demographics- The subject property's location benefits from a strong demographic profile in which the total population counts exceed 56,000 (3-mile radius) and 130,000 (5-mile radius). In 2023, households earned an average of $75,000 (3-mile radius).

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

Facility Type	Building Area (SF)	Years Remaining	Net Operating Income
Single Tenant	9,001 Square Feet	5+ Years	$335,979

Investment Overview - Peranich Huffman Net Lease Group is pleased to offer for sale, the DaVita Dialysis of South Bend, Indiana. The 9,001 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 2015, DaVita Dialysis executed a 15-year lease at the South Bend, IN location. Currently, DaVita has 5.5 years of lease term remaining at an annual rate of $335,979 (January 2025) for the remainder of the lease term. The lease is backed by a corporate guarantee from DaVita Healthcare Partners, Inc.

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 roof, parking lot, HVAC, landscaping, property taxes, utilities, insurance premiums and janitorial services, as well as the interior of the premises. The landlord is responsible for the structure, electrical, exterior plumbing, and roof repairs exceeding $1,000/lease year.

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.