Log In/Sign Up
Your email has been sent.
DaVita, Inc. 175 Righter Rd 4,704 SF Office Building Succasunna, NJ 07876 $2,752,800 ($585.20/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate NN Lease to DaVita Affiliate
- Leading Operator in Growing Industry Insulated from Macroeconomic Changes
- High-Income Submarket with Regional Access
- New 10-Year Term; Commences at Closing; Passive, Landlord-Light Structure (NN); Built-In Rent Growth
- Renovated 2025
- No Early Termination or Kick-Out Clause
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the fee simple interest in a single-tenant DaVita dialysis clinic located at 175 Righter Road, Succasunna, New Jersey 07876.
The Property comprises ±0.60 acres improved with a ±5,000 SF single-story medical building that was renovated in 2025. The site benefits from an established Morris County healthcare/retail corridor with direct access to NJ-10 and I-80 and draws from affluent demographics in the surrounding trade area. There are over 104,000 in population in a five-mile radius with an average household income in excess of $162,000.
The tenancy is DVA Renal Healthcare, Inc. (DaVita affiliate) under a newly executed 10-year, double-net (NN) lease commencing upon closing, featuring 10% rent increases every five (5) years and three (3) five-year renewal options. Current annual rent/NOI is $172,050 ($34.41/SF). The lease includes no early termination, with landlord responsibilities primarily limited to roof/structure and capital items reimbursed on an amortized basis; tenant pays real estate taxes and reimburses insurance (see Lease).
As a leading healthcare operator, DaVita, Inc. is backed by strong financial performance, generating $12.82 billion in revenue and $936 million in net income as of 2024. The tenant holds a BB credit rating from Standard & Poor’s and a Ba3 rating from Moody’s, offering a reliable and stable income stream backed by one of the largest kidney care companies in the world.
In summary, this investment presents a unique opportunity to acquire a medical office property leased to a top-tier healthcare provider with long-term lease security, rent escalations, and minimal landlord responsibilities, located in the highly-populated New York City metro.
Jason Maier - NJ Broker Lic. #1537436
The Property comprises ±0.60 acres improved with a ±5,000 SF single-story medical building that was renovated in 2025. The site benefits from an established Morris County healthcare/retail corridor with direct access to NJ-10 and I-80 and draws from affluent demographics in the surrounding trade area. There are over 104,000 in population in a five-mile radius with an average household income in excess of $162,000.
The tenancy is DVA Renal Healthcare, Inc. (DaVita affiliate) under a newly executed 10-year, double-net (NN) lease commencing upon closing, featuring 10% rent increases every five (5) years and three (3) five-year renewal options. Current annual rent/NOI is $172,050 ($34.41/SF). The lease includes no early termination, with landlord responsibilities primarily limited to roof/structure and capital items reimbursed on an amortized basis; tenant pays real estate taxes and reimburses insurance (see Lease).
As a leading healthcare operator, DaVita, Inc. is backed by strong financial performance, generating $12.82 billion in revenue and $936 million in net income as of 2024. The tenant holds a BB credit rating from Standard & Poor’s and a Ba3 rating from Moody’s, offering a reliable and stable income stream backed by one of the largest kidney care companies in the world.
In summary, this investment presents a unique opportunity to acquire a medical office property leased to a top-tier healthcare provider with long-term lease security, rent escalations, and minimal landlord responsibilities, located in the highly-populated New York City metro.
Jason Maier - NJ Broker Lic. #1537436
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
4,704 SF
Building Class
C
Year Built/Renovated
1960/2025
Price
$2,752,800
Price Per SF
$585.20
Cap Rate
6.25%
NOI
$172,050
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,704 SF
Building FAR
0.19
Lot Size
0.57 AC
Zoning
GU
Parking
27 Spaces (5.74 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- DaVita, Inc.
- Health Care and Social Assistance
- 5,000 SF
- $34.41
- Double Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| DaVita, Inc. | Health Care and Social Assistance | 5,000 SF | $34.41 | Double Net | - |
1 1
PROPERTY TAXES
| Parcel Number | 36-04901-0000-00003 | Improvements Assessment | $397,000 |
| Land Assessment | $4,500 | Total Assessment | $401,500 |
PROPERTY TAXES
Parcel Number
36-04901-0000-00003
Land Assessment
$4,500
Improvements Assessment
$397,000
Total Assessment
$401,500
CONTACTS
-
Scott Briggs -
Kelly Largent -
Nathanael Berwaldt -
Sarah Martin -
Jason Maier -
Northmarq
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
DaVita, Inc. | 175 Righter Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.