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DaVita Anchored Retail Center 100% Leased-NNN 4200 MacDonald Ave 12,255 SF 100% Leased Retail Building Richmond, CA 94805 $5,195,000 ($423.91/SF) 7.25% Cap Rate
Investment Highlights
- Prime Location-100% Leased-Three Tenant DaVita Dialysis anchored NNN Retail Center
- Located in the Target anchored Macdonald 80 Shopping Center in Richmond, CA
- High demand residential radius with a projected population growth of 0.7% between 2025-2030
- Attractive NNN leases with longer terms expiring between December 2029 and October 2034- Two of the three tenants have renewal options
- Near Busy I-80 (ADT 211,000 cars) and a population of 165,000 people within a 3 mile radius
Executive Summary
Mary Alam of NAI Northern California, as exclusive advisor, is pleased to present for sale a DaVita Dialysis anchored retail pad located in the Macdonald 80 Shopping Center in Richmond, CA. The Shopping Center has a monument sign right off I-80 and is anchored by a successful Target Store and other retailers such as Wells Fargo, AT&T, Panda Express, Sally Beauty and more.
The Subject property is leased to three tenants on a NNN basis and has housed DaVita Dialysis since 2011. The leases are NNN and the lease terms are staggered with expirations between December 2029 and October 2034. 2 of the 3 tenants have extension options.
The property location in the Richmond-El Cerrito-San Pablo Corridor has seen major housing activity in the past few years with home prices in excess of $1 mil. in nearby Albany, El Cerrito and Berkeley.
The Subject property is leased to three tenants on a NNN basis and has housed DaVita Dialysis since 2011. The leases are NNN and the lease terms are staggered with expirations between December 2029 and October 2034. 2 of the 3 tenants have extension options.
The property location in the Richmond-El Cerrito-San Pablo Corridor has seen major housing activity in the past few years with home prices in excess of $1 mil. in nearby Albany, El Cerrito and Berkeley.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
12,255 SF
Building Class
B
Year Built
2008
Price
$5,195,000
Price Per SF
$423.91
Cap Rate
7.25%
NOI
$376,844
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.20 AC
Zoning
C-3 - commercial retail
Parking
50 Spaces (4.08 Spaces per 1,000 SF Leased)
Frontage
302’ on Macdonald Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Beauty School
- Educational Services
- 3,000 SF
- -
- Triple Net
- -
-
- Health Care and Social Assistance
- 7,800 SF
- -
- Triple Net
- -
Founded in 1993, DaVita has grown into a kidney care company focused on dialysis services, kidney health education, and support for people living with chronic kidney disease and end-stage kidney disease. The company's core business includes in-center and home dialysis, related laboratory services, and management and administrative services for outpatient dialysis centers. DaVita also works across the broader kidney care journey through patient support, treatment options guidance, and education programs, while maintaining operations in the United States and internationally through a wide network of care sites.
- Gallery Barbershop
- Services
- 1,200 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Beauty School | Educational Services | 3,000 SF | - | Triple Net | - | |
|
|
Health Care and Social Assistance | 7,800 SF | - | Triple Net | - | |
| Gallery Barbershop | Services | 1,200 SF | - | Triple Net | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 517-280-014-5 | Improvements Assessment | $3,300,912 |
| Land Assessment | $1,974,517 | Total Assessment | $5,275,429 |
Property Taxes
Parcel Number
517-280-014-5
Land Assessment
$1,974,517
Improvements Assessment
$3,300,912
Total Assessment
$5,275,429
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DaVita Anchored Retail Center 100% Leased-NNN | 4200 MacDonald Ave