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DaVita, Inc. 11425 W Dodge Rd 8,081 SF Office Building Omaha, NE 68154 $4,159,679 ($514.75/SF) 6.10% Cap Rate
Investment Highlights
- No early termination or kick-out clause, ensuring secure and predictable cash flow
- Corporate guarantee backed by strong revenue performance and solid credit rating
- Highly stable revenue base with ~90% of patients covered by government programs
- Leading national operator with a large dialysis network and strong patient base
- Growing ESRD patient population supports long-term demand for dialysis services
- Long-term passive income through a net lease with minimal landlord responsibilities
Executive Summary
The Property consists of 0.51 acres and a one-story, 8,081-square-foot medical office building that was retrofit-to-suit in 2023 to the exact specifications of the Tenant. The Property is located just southwest of the intersection of West Dodge Road/US-6 (95k VPD) and South 114th Street (17k VPD). There are approximately 262,000 in population in a five-mile radius with an average household income in excess of $104,000 annually.
The Tenant recently completed a comprehensive renovation-to-suit to the exact standards of its brand-new prototype that is at the top end of the kidney care industry from a patient-quality and energy-efficiency design standard. The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options. The lease is the Tenant’s standard form it uses across the majority of its 2,724 locations, a highly passive net lease that is landlord friendly, offering minimal expense exposure given the new construction. The lease also provides for rental increases in the amount of ten percent (10%) every five (5) years.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$253,740
|
$31.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $253,740 |
| Annual Per SF | $31.40 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 8,081 SF
- $31.40
- Double Net
- Jun 2038
DaVita began as a subsidiary of Dun & Bradstreet in 1994, initially focusing on dialysis services. The company became independent through a leveraged buyout that same year and later rebranded as Total Renal Care Holdings. After facing financial difficulties in the late 1990s, Kent Thiry joined as CEO in 1999 and revitalized the organization. DaVita expanded significantly through acquisitions like Gambro Healthcare in 2005 and HealthCare Partners in 2012. Today, the company operates thousands of outpatient dialysis centers globally and provides various services including outpatient dialysis, lab services, home dialysis options, and disease management programs. DaVita remains committed to improving kidney care through clinical research and comprehensive patient services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 8,081 SF | $31.40 | Double Net | Jun 2038 |
Property Taxes
| Parcel Number | 3431-1408-17 | Improvements Assessment | $760,100 |
| Land Assessment | $433,200 | Total Assessment | $1,193,300 |
Property Taxes
Presented by
DaVita, Inc. | 11425 W Dodge Rd
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