| Recent Property Renovation
|
In the summer of 2010, in conjunction with a 17 year lease extension, DaVita performed a complete property renovation and invested over $700,000 in the property. The renovation included a , new exterior, entire interior rebuild, new electric, HVAC, plumbing & fixtures, flooring, ceiling, drywall and exterior landscaping. |
Lease
Terms |
Lease: |
DVA Healthcare Renal Care, Inc |
Expiration Date: |
5/15/2027 |
Base Rent: |
$125,032 |
Escalations: |
7.5% increase in 2017 and 2022 |
Tenant Responsibilities: |
NN |
Landlord Responsibilities: |
Roof & Exterior Structure |
Percentage Rent: |
N/A |
Real Estate Taxes: |
$21,198 FY 2009 |
| Options: |
Three 5-year Options |
Property
Description |
Rentable Area: |
7,056 (sf) |
Land Area: |
45,351 (sf) |
No. of Parking Spaces: |
27 |
Frontage: |
140' on 53rd Street |
Demographics (2010) |
| |
3 Miles |
5 Miles |
| Population: |
105,468 |
209,814 |
| Households: |
43,207 |
85,159 |
| Avg. H. H. Inc: |
51,095 |
52,392 |
About
DaVita |
DaVita, Inc. is one of the largest providers of dialysis services in the country. As of December 31, 2009 DaVita operated or provided administrative services to 1,530 outpatient dialysis centers located in 43 states. DaVita (NYSE “DVA”) is a member of the S&P 500. DaVita has a market capitalization of more than $6.6 billion and has an S&P long term debt rating of BB - stable. |
Building & Site Analysis |
The property is located mid-block on 53rd Street North. The main retail traffic is on Fowler Avenue (to the north) and 56th Street (east of the property). There is a Publix anchored shopping center on the southwest corner of 53rd Street & Fowler and numerous national retailers including CVS, Burger King, Sear's, etc. on Fowler Avenue. Nearby on 56th Street are several national banks, restaurants and retailers. On Fowler Avenue less than one mile west of the subject property is the main campus facility for the University of Southern Florida (9th largest University in the Nation). The property is also located within a mile from the H. Lee Moffitt Cancer Center & Research Institute. |
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