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DaVita Dialysis Center
1140 East Leland Rd, Pittsburg, CA 94565
7,000 SF | Retail
Retail Property - Off Market
- Building Size:
- 7,000 SF
- Property Type:
- Property Sub-type:
- Free Standing Bldg
- Additional Sub-types:
- Acute Care Hospital
- Property Use Type:
- Net Lease Investment with
- 10+ years left on lease
- Construction Status:
- Under Construction/
- Cap Rate:
- Year Built:
- Lot Size:
- 30,000 SF
- Listing ID
- Last Updated
- over 1 year ago
- New 12-Year Net Lease
- Guarantee from DaVita, Inc.
- 15% Rental Increases Every 5 Years
- Strong Retail Corridor
- One Block from Wal-Mart
- Near Heavily Traveled CA Highway 4
DaVita, Inc. (NYSE: "DVA"), is one of the largest chains of outpatient dialysis centers with over 115,000 patients in 43 states and the District of Columbia. The company operates or provides administrative services to more than 1,500 centers across the U.S. The firm also offers home-based dialysis services, as well as inpatient dialysis in some 700 hospitals. DaVita also operates two clinical laboratories that specialize in routine testing of dialysis patients and its DaVita Clinical Research business conducts research trials with dialysis patients.
The company had an annual average earning growth of 24.1% over the past 10 years. DVA is in the portfolios of Lee Ainslie of Maverick Capital, Andreas Halvorsen of Viking Global Investors LP, and Edward Owens of Vanguard Health Care Fund.
For the fiscal year ended December 2008, DaVita reported revenues of $5.660 billion, net income of $374.2 million, and net worth of $1.953 billion.
The subject DaVita dialysis center is strategically located along East Leland Road two blocks from California State Highway 4 (California Delta Highway) less than 1,500 feet west of Los Medanos Community Hospital. The property is less than a block from the major intersection of East Leland Road and Loveridge Road. This intersection is home to Wal-Mart, McDonald's, Wendy's, Subway, Shell, AMPM, IHOP, Taco Bell, Popeye's, City Center Pharmacy, Check Into Cash, and EB Games. Los Medanos Community College, one of the city's largest employers, is just a few blocks east of the property.
Map of 1140 East Leland Rd, Pittsburg, CA 94565 (Contra Costa County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P