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Dialysis Center 1360 N Shenandoah Ave 6,086 SF Office Building Front Royal, VA 22630 $2,000,000 ($328.62/SF) 6.10% Cap Rate

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Investment Highlights

  • National Medical Dialysis Corporation

Executive Summary

This building was a custom build for DaVita in 2012. The dialysis center put in over 1 million of their own funds in the internal buildout to include full sprinkle system. There is 4 yrs and 8 months left on original lease plus 2 (5) year options which they will be exercising. This is a NNN with owners responsible for roof and structure only. Lease has increases of 2% annually and the management fee is 1k with 3% annual leases.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,086 SF
Building Class
B
Year Built
2012
Price
$2,000,000
Price Per SF
$328.62
Cap Rate
6.10%
NOI
$121,974
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,086 SF
Building FAR
0.21
Lot Size
0.65 AC
Zoning
C-I - COMMUNITY BUSINESS DISTRICT
Parking
28 Spaces (4.6 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Health Care and Social Assistance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

DaVita Kidney Care is a U.S.-based healthcare company focused on providing dialysis and related kidney care services. The organization traces its origins to 1979, when it was founded as Medical Ambulatory Care, later operating as Total Renal Care before adopting the DaVita name in 2000. Headquartered in Denver, Colorado, the company delivers in-center and home dialysis services, as well as integrated care programs that support patients across multiple stages of kidney disease. DaVita is publicly traded on the New York Stock Exchange under the ticker symbol DVA. Over time, the company has expanded its service offerings through acquisitions and operational growth, including the 2005 acquisition of Gambro Healthcare, which significantly increased its U.S. dialysis footprint. DaVita also operates clinical research, physician services, and international kidney care businesses as part of its broader platform. In addition to outpatient dialysis, the company provides acute inpatient dialysis services through hospital partnerships. Today, DaVita remains one of the largest providers of kidney care services in the United States, with operations supported by centralized corporate offices and regional facilities nationwide.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Health Care and Social Assistance - $9.99 Lorem Ipsum Jan 0000

Property Taxes

Property Taxes

Parcel Number
20A220-G-A1B
Land Assessment
$494,300
Improvements Assessment
$1,255,000
Total Assessment
$1,749,300
  • Listing ID: 32996797

  • Date on Market: 8/29/2024

  • Last Updated:

  • Address: 1360 N Shenandoah Ave, Front Royal, VA 22630

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