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DaVita Dialysis: Green Bay, MI 1751 Deckner Ave 14,600 SF Office Building Green Bay, WI 54302 $2,900,000 ($198.63/SF) 6.70% Cap Rate
Executive Summary
DaVita Dialysis at 1751 Deckner Ave, Green Bay, WI offers investors the opportunity to acquire a fee simple medical asset leased to a nationally recognized healthcare operator. This 14,600 SF property was originally built in 1991 and renovated in 2012, with DaVita occupying 90.53% of the building and recently extending its lease through March 1, 2029. Priced at $2,900,000, the asset delivers $194,243 in NOI and a 6.70% cap rate under a double net lease structure with minimal landlord responsibilities. The lease is backed by a corporate guaranty and includes two 5-year renewal options at fair market rent, providing both income security and long-term upside. The property features ample parking and additional flexibility through the remaining vacant space, creating potential for owner-occupancy, additional rental income, or future expansion—especially given DaVita’s prior interest in occupying 100% of the building. Strategically positioned in a dense Green Bay trade area surrounded by healthcare, retail, and residential uses, this offering combines dependable cash flow with a strong location in one of Wisconsin’s most stable and recognizable markets.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,600 SF
Building Class
C
Year Built
1969
Price
$2,900,000
Price Per SF
$198.63
Cap Rate
6.70%
NOI
$194,243
Tenancy
Single
Building Height
1 Story
Typical Floor Size
14,600 SF
Building FAR
0.36
Lot Size
0.94 AC
Zoning
MERCANTILE (B)
Parking
110 Spaces (7.53 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
-
Jan 0000
DaVita was established in 1992 and has become a major provider of kidney dialysis services. The company operates thousands of outpatient dialysis centers globally. Services include in-center hemodialysis, peritoneal dialysis, and home dialysis options. DaVita also provides integrated kidney care programs and clinical research services. The company serves hundreds of thousands of patients annually through its network of facilities in the United States and multiple other countries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | Jan 0000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 21-1210-1 | Improvements Assessment | $972,400 |
| Land Assessment | $152,600 | Total Assessment | $1,125,000 |
Property Taxes
Parcel Number
21-1210-1
Land Assessment
$152,600
Improvements Assessment
$972,400
Total Assessment
$1,125,000
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DaVita Dialysis: Green Bay, MI | 1751 Deckner Ave
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