DaVita, Inc. 2155 Main E st 8,260 SF Office Building Snellville, GA 30078 $4,513,274 ($546.40/SF) 5.65% Cap Rate

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant dialysis clinic located at 2155 Main Street East, Snellville, Georgia, in Gwinnett County within the Atlanta MSA. The property consists of approximately 0.748 acres and an 8,260-square-foot, one-story medical building completed in 2024 as a build-to-suit for Honey Dialysis, LLC, a subsidiary of DaVita Inc., with a corporate guaranty from DaVita Inc. (NYSE: DVA). The 16-station clinic is the purpose-built replacement for DaVita’s long-established Snellville operation, which has served the trade area for more than 15 years.
The lease is triple net with a 15-year initial term running through March 2040, fixed rent escalations of approximately 10% every five years, and two five-year renewal options extending the potential term to 25 years. Current annual rent is $255,000, stepping to $280,500 in April 2030 and $308,550 in April 2035. Landlord responsibilities are limited to structure, roof structure and common areas, and the lease includes a five-mile dialysis radius restriction. The property is an outparcel of Snellville Oaks fronting Main Street East / US-78 with approximately 40,700 vehicles per day, minutes from Piedmont Eastside Medical Center, and supported by more than 180,000 people and average household income of approximately $118,000 within five miles. Recent third-party reports are clean, with the Phase I ESA identifying no recognized environmental conditions and the ALTA survey confirming the site lies outside the 100-year flood plain.
In Association With: Brett Butler - GA Lic. #358785