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2860 S US Highway 83 7,340 SF 100% Leased Office Building Zapata, TX 78076 $3,141,227 ($427.96/SF) 7.25% Cap Rate
Investment Highlights
- Credit-backed dialysis clinic leased to a nationally recognized kidney care provider with a large U.S. operating footprint
- Scheduled rental increases of 10 percent every five years support built-in income growth
- Long-term net lease structure designed to deliver passive income with minimal landlord responsibilities
- Modern facility constructed to DaVita’s proprietary “Hope” prototype standards
Executive Summary
Northmarq is pleased to present the opportunity to acquire the fee simple interest in a single-tenant dialysis clinic fully leased to DaVita, Inc., a leading provider of kidney care services in the United States. The property is located at 2860 U.S. Highway 83 South in Zapata, Texas, a community that relies heavily on regional medical infrastructure due to its distance from larger metropolitan healthcare hubs.
Constructed in 2017, the facility was developed specifically to DaVita’s “Hope” prototype design standards, reflecting modern clinical layouts and operational efficiencies tailored to long-term healthcare delivery. The tenant operates under a landlord-friendly net lease featuring a 15-year initial term, with just under six years remaining, and two five-year renewal options. Built-in rental increases of 10 percent every five years provide predictable income growth and inflation protection.
The asset benefits from direct frontage along U.S. Highway 83, a primary north-south corridor serving the region and connecting Zapata to Laredo and the U.S.-Mexico border. This positioning supports long-term tenant viability by ensuring convenient access for patients and staff while reinforcing the site’s importance as a regional healthcare destination.
Offered at a 7.25 percent cap rate, the investment combines essential medical use, corporate tenancy, and a passive ownership structure, making it well suited for investors seeking stable cash flow supported by a credit-rated healthcare operator.
Constructed in 2017, the facility was developed specifically to DaVita’s “Hope” prototype design standards, reflecting modern clinical layouts and operational efficiencies tailored to long-term healthcare delivery. The tenant operates under a landlord-friendly net lease featuring a 15-year initial term, with just under six years remaining, and two five-year renewal options. Built-in rental increases of 10 percent every five years provide predictable income growth and inflation protection.
The asset benefits from direct frontage along U.S. Highway 83, a primary north-south corridor serving the region and connecting Zapata to Laredo and the U.S.-Mexico border. This positioning supports long-term tenant viability by ensuring convenient access for patients and staff while reinforcing the site’s importance as a regional healthcare destination.
Offered at a 7.25 percent cap rate, the investment combines essential medical use, corporate tenancy, and a passive ownership structure, making it well suited for investors seeking stable cash flow supported by a credit-rated healthcare operator.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
7,340 SF
Building Class
B
Year Built
2018
Price
$3,141,227
Price Per SF
$427.96
Cap Rate
7.25%
NOI
$227,739
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
7,340 SF
Building FAR
0.14
Lot Size
1.17 AC
Opportunity Zone
Yes
Zoning
NZ
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 5066 | Improvements Assessment | $346,262 |
| Land Assessment | $330,863 | Total Assessment | $677,125 |
Property Taxes
Parcel Number
5066
Land Assessment
$330,863
Improvements Assessment
$346,262
Total Assessment
$677,125
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2860 S US Highway 83
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