3303 Dewey St
Manitowoc, WI 54220
DaVita Dialysis of Manitowoc, Wisconsin · Retail Property For Sale

Peranich Huffman Net Lease Group is pleased to offer for sale on an exclusive basis, the Davita Dialysis of Manitowoc, Wisconsin. Constructed in 2008, the 7,500 square foot facility is leased on a double-net basis to Total Renal Care, Inc. Per the double net structure of the lease, the Landlord is solely responsible for the repair and replacement of the roof, structure and parking areas of the building. Tenant is solely responsible for the HVAC and maintenance of the premises. With an approximate 9.2 years remaining, the lease provides for 2.5% Annual Escalations & three 5-Year renewal options. Offered at a 6.30% capitalization rate, the offering provides an investor with the opportunity to acquire a property with a strong operation that is home to a national medical tenant that exemplifies a reputation of consistency for both patients and the real estate investment community. Total Renal Care, Inc. is an operating subsidiary of DaVita Inc., a Fortune 500 company, and the leading provider of kidney dialysis services in the U.S. DaVita provides dialysis services for patients suffering from chronic kidney failure, which is also known as end stage renal disease (ESRD) in the United States. It operates kidney dialysis centers, and provides related medical services primarily in dialysis centers and in contracted hospitals. DVA Renal Healthcare, Inc. operates as a subsidiary of DaVita HealthCare Partners Inc. A leading provider of kidney care in the United States , DaVita is the dialysis division of DaVita HealthCare Partners Inc., a Fortune 500® company that, through its operating divisions, provides a variety of health care services to patient populations throughout the United States and abroad.