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DaVita, Inc. 1780 W Anklam Rd 13,084 SF Office Building Tucson, AZ 85745 $3,437,118 ($262.70/SF) 6.75% Cap Rate
Investment Highlights
- On-Campus of the 400-Bed St. Mary's Hospital
- Leading Operator & Strong Guarantee in a Growing Industry Insulated from Macroeconomic Changes
- Long-Term, Passive Lease with Rent Growth | Leasehold Interest – 100% Depreciation
- No Early Termination or Kick-Out Clause
- Renovated & Modernized with 30+ Year History at Location
- Densely Populated Area
Executive Summary
The Property consists of 1.71 acres and a 13,084-square-foot medical clinic that was completely renovated and modernized by the Tenant in conjunction with this long-term lease extension. The Property is located along West Anklam Road where almost 14,000 vehicles pass each day and it is located on the campus of Carondelet Health Network's St. Mary's Hospital. There are approximately 593,000 in population in the ten-mile radius with $83,000 in average household income.
The Tenant recently completed a comprehensive remodel of the Property and Tenant has occupied and operated this location successfully since 1986. 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 2,700 locations, a highly passive net lease that is landlord friendly and includes complete reimbursement and pass-through of the cost of the ground rent. The lease also provides for rental increases in the amount of ten percent (10%) every five (5) years.
BJ Feller - Arizona Managing Broker - AZ Lic. #BR685825000
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$232,005
|
$17.73
|
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 | $232,005 |
| Annual Per SF | $17.73 |
Property Facts
Amenities
- Atrium
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 13,084 SF
- $17.73
- Double Net
- Nov 2034
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 | 13,084 SF | $17.73 | Double Net | Nov 2034 |
Property Taxes
| Parcel Number | 116-15-190M | Improvements Assessment | $0 (2026) |
| Land Assessment | $0 (2026) | Total Assessment | $312,268 (2026) |
Property Taxes
Presented by
DaVita, Inc. | 1780 W Anklam Rd
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