1140 East Leland Rd
Pittsburg, CA 94565 ·
7,000 SF · Retail For Sale
DaVita Dialysis Center
|Price||N/A||Construction Status||Under Construction/Proposed|
|Building Size||7,000 SF||Cap Rate||7%|
Free Standing BldgMore...
|Property Use Type||Net Lease Investment with 10+ years left on lease||Lot Size||30,000 SF|
|Listing ID: 16503737||Date Created: 12/14/2009||Last Updated: 05/06/2010|
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.
- 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
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