US Renal Care | Seaford, DE

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Investment Highlights

Absolute Net Lease

U.S. Renal Care 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 strategic location situated in Seaford's Herring Run Healthcare hub, two miles north of TidalHealth's Nanticoke campus & a quarter-mile from TidalHealth's Mears Campus offering patients convenient access to the area's growing healthcare offerings.

Recent Renovations

Prior to the December 2024 lease extension, U.S. Renal Care committed to investing approximately $83,000 in additional improvements and renovations to the property, following a previous round of improvements in 2019.

Operational Performance

The 16-station U.S. Renal Care is open six days per week and maintains extensive operating hours, spanning three shifts (Monday/Wednesday/Friday) along with two shifts (Tuesday/ Thursday/Saturday).

Rent Escalations

The U.S. Renal Care lease provides for 2.50% annual rent escalations.

Facility Type	Building Area (SF)	Years Remaining	Net Operating Income
Single Tenant	8,300 Square Feet	10 Years	$211,650

An aerial view of a brick building with snow on the roof

An aerial view of a building with snow on the roof

Investment Overview

Peranich Huffman Net Lease Group is pleased to exclusively present for sale, the U.S. Renal Care (USRC) located in Seaford, Delaware. 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. Renovated in 2019 with upcoming tenant improvements coming this year, the 8,300 square-foot U.S. Renal Care is located strategically located Seaford's Herring Run Medical Park with neighboring health care tenants including: Tidal Health General Surgery, Lab Corp, Southern Dental, Peninsula Orthopedic, Peninsula Home Care, and Nantioke Surgical. Surrounded by healthcare facilities within Seaford's medical district, U.S. Renal Care's location provides advantageous positioning among complementary medical services. The TidalHealth Mears Campus which offers numerous health services including Nephrology, is located with a quarter-mile of the subject property while TidalHealth's 99-bed Nanticoke Hospital is located less than two miles from the subject property.

Lease

Executing a 10-year lease renewal in December 2024, U.S. Renal Care has 10 years of primary lease term remaining with 2.50% annual escalations. Additionally, the lease provides for a (1) 5-year extension option. 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. The lease also calls for the tenant to provide a management fee reimbursement of up to 5% of annual operating expenses.

Tenant

Founded in 2000, U.S. Renal Care, Inc. is the largest privately held and fastest-growing dialysis provider in the nation, while being the third-largest dialysis provider in the country. They are a leading provider of dialysis services, dedicated to improving live of individuals with chronic kidney disease. As a trusted partner of the health community, USRC has partnered with nephrologists to care for more than 36,000 people living with kidney disease across 32 different states across 500+ dialysis clinic locations, and 200+ home programs. Furthermore, in 2023, U.S. Renal Care began partnering with Satellite Healthcare providing administrative services.