209 W Travis St
Sherman, TX 75092
DaVita Dialysis · Office Property For Sale

Marcus & Millichap is pleased to present the 7,500-square foot new ground-up construction, DaVita Dialysis clinic located in Sherman, Texas. This state-of-the-art facility is operating under a new 15-year, double-net lease which expires in September 2032. The attractive lease structure offers an investor two percent annual rental increases and is fully guaranteed by DaVita Incorporated, one of the nation’s largest and most innovative healthcare companies. The lease also allows for very minimal landlord responsibilities. The landlord is responsible for capital expenditures of roof and structure of the building. The subject property will operate 12 dialysis stations and one hemodialysis training room. DaVita Sherman is located within a new 130-acre development (Sherman Crossroads) which will feature multiple anchor retail tenants, restaurant pads, medical offices, a hospital, and multiple hotels. The subject property sits just blocks away from the future site of the new Sherman High School, a 100-acre campus which is currently under construction. The approved $158 million project is expected to open in 2020 and hold a capacity of 2,600 students. • New DaVita Dialysis Ground Up 2017 Construction • 15-Year Double Net-Lease | Minimal Landlord Responsibilities | Just Under 14 Years Remaining • Two Percent Annual Rental Increases • Full Guarantee by DaVita, Incorporated • 12 Dialysis Stations and One Hemodialysis Training Room • Centered Within a 130-Acre Redevelopment with Multiple Anchor Retail Tenants, Restaurant Pads, Medical Offices, a Hospital, and a Hotel • Sherman High School Under Construction | $157 Million Construction | 453,000 Square Feet of Space • Located in One of the Fasting Growing Towns in the United State