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Single-Tenant Office Medical

DaVita Dialysis Giles County

377 Boxwood Ln, Pearisburg, VA 24134

Listing Price: $1,840,000

Cap Rate
8.05%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
3.0
Gross SF
6,166
Guarantor
Subsidiary of a Corporation
Rentable SF
6,166
Price/Gross SF
$298.41
Lease Type
Double Net
Rent Per Square Feet
$23.56

Investment Overview

The property is situated as an outparcel to the area's 25-bed critical care community hospital, and has three years remaining on a recently extended double-net lease with two percent annual rent increases. There are 13 hemodialysis stations on-site as well as peritoneal "at home" dialysis services. Pearisburg is part of the Blacksburg-Christiansburg,. VA MSA which has a population of 182,000 and has seen +12% population growth since the 2010 census.

Investment Highlights

  • DaVita Dialysis Double-Net Lease with 3 Years Remaining in Pearisburg, VA
  • 2% Annual Rent Increases
  • Outparcel to Carilion Giles Community Hospital – 25-Bed Critical Access Hospital with Trauma, Surgery, 24-Hr ER, Imaging, and More
  • Above-Average Medicare Quality Total Score of 82 (National Avg = 64); 4 out of 5 Star Rating
  • 13 Hemodialysis Stations On-Site + At Home Hemodialysis and Peritoneal Dialysis Services
  • Zero Competition - Only Dialysis Clinic in Giles County, VA; Next Nearest Dialysis Clinic is a 30-40-Minute Drive
  • Modern 2013 Build-to-Suit Construction; Stone & Masonry Exterior with Standing Seam Steel Roof

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Single-Tenant Office Medical

DaVita Dialysis Giles County

Listing Price: $1,840,000

Cap Rate
8.05%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
3.0
Gross SF
6,166
Guarantor
Subsidiary of a Corporation
Rentable SF
6,166
Price/Gross SF
$298.41
Lease Type
Double Net
Rent Per Square Feet
$23.56

Investment Highlights

  • DaVita Dialysis Double-Net Lease with 3 Years Remaining in Pearisburg, VA
  • 2% Annual Rent Increases
  • Outparcel to Carilion Giles Community Hospital – 25-Bed Critical Access Hospital with Trauma, Surgery, 24-Hr ER, Imaging, and More
  • Above-Average Medicare Quality Total Score of 82 (National Avg = 64); 4 out of 5 Star Rating
  • 13 Hemodialysis Stations On-Site + At Home Hemodialysis and Peritoneal Dialysis Services
  • Zero Competition - Only Dialysis Clinic in Giles County, VA; Next Nearest Dialysis Clinic is a 30-40-Minute Drive
  • Modern 2013 Build-to-Suit Construction; Stone & Masonry Exterior with Standing Seam Steel Roof

Investment Overview

The property is situated as an outparcel to the area's 25-bed critical care community hospital, and has three years remaining on a recently extended double-net lease with two percent annual rent increases. There are 13 hemodialysis stations on-site as well as peritoneal "at home" dialysis services. Pearisburg is part of the Blacksburg-Christiansburg,. VA MSA which has a population of 182,000 and has seen +12% population growth since the 2010 census.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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