Net Leased Investment – MEDICAL OFFICE BUILDING FOR SALE IN AUSTIN, TX – SOLD

NET LEASED INVESTMENT –

-Executive Summary-

3601 Manor is a 13,821 SF Medical office building leased to a Fortune 500 Medical Company called DaVita LINK TO DAVITA . DaVita’s newest Austin Dialysis Unit should complete redevelopment (rent commencement on c of o) on or around August 1, 2011.  This property is conveniently located for dialysis patients in close proximity to the World’s first Platinum (LEED) Hospital located at the Amazing Mueller Airport Redevelopment Project LINK TO MUELLER PROJECT .  This site actually sits on the “hard corner” to the entrance of the entire development.  There should be a major announcement in the next few months from a large grocery chain joining the development.  This would have been a “sweetheart” CVS/Walgreens site when that announcement is made.  This is a very rare opportunity to own a DaVita leased building on the corner of “Main and Main”.

This site is DaVita’s 6th dialysis unit in Austin, Texas.  This new unit has been opened to fight the growing kidney failure epidemic that Texas owns (largely driven from Texan’s eating habits).  I would anticipate that this won’t be the last new unit in Austin for DaVita due to Austin and other Texas Cities missing most of the national recession storm.

If you like investing in single user NNN assets (less “brain damage” than dealing with vacancy issues on multi-tenant assets) why wouldn’t you choose to place your hard earned money into an investment leased/guaranteed by a group that is providing a service that extends lives?  The patrons of these facilities might skip a burger or buying a new gas can at the auto supply NNN assets that you are considering down the street from this one, but would they skip their dialysis treatment?  Current rental rate approximates $19/SF NNN in based year rent.   The 15 year lease escalates annually at 2%.  The lease contains three (3) five (5) year renewal options with a very high likelihood of extension due to the significant investment in this facility by Tenant and its excellent location.  Base year NOI is $262,599.  List Price of $3,501,320.00 is based on a 7.5% capitalization rate (cap rate) on the base year ACTUAL”NOI.

DaVita Inc., a FORTUNE 500® company, is a leading provider of kidney care in the United States, delivering dialysis services and education to patients with chronic kidney failure and end stage renal disease. As of March 31, 2011, DaVita operated or provided administrative services at 1,642 dialysis facilities, serving approximately 128,000 patients. DaVita develops, participates in and donates to numerous programs dedicated to transforming communities and creating positive, sustainable change for children, families and our environment. The company’s leadership development initiatives and corporate social responsibility efforts have been recognized by Fortune, Modern Healthcare, Newsweek, and WorldBlu, among others.

Net Leased DaVita for Sale in Austin, TX

TRIPLE NET INVESTMENT for Sale in Austin, TX

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Austin, TX Commercial Real Estate for Sale
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Contact an Austin, TX Commercial Real Estate Expert Today:

Contact Luke LeGrand, ePRO via email @ luke@kwcommercialsa.com or call 210-843-5853
or
Contact Link LeGrand, CCIM via email @ link@kwcommercialsa.com or call 210-789-5465

Net Leased Investment