425 Mb Ln
Mukwonago, WI 53149
DaVita Dialysis of Chilton, Wisconsin · Office Property For Sale

NOTE - THIS PROPERTY IS PART OF A TWO ASSET DAVITA DIALYSIS PORTFOLIO; HOWEVER, EACH PROPERTY MAY BE SOLD INDIVIDUALLY. PLEASE SEE THE LINK TO THE PROPERTY WEBSITE BELOW FOR MORE INFORMATION. Peranich Huffman Net Lease Group is pleased to offer for sale on an exclusive basis, the DaVita Dialysis Portfolio of Central Wisconsin. The offering consists of two freestanding dialysis centers with 12.2 years of average primary lease terms remaining, backed by DaVita’s largest wholly owned subsidiary, Total Renal Care, Inc. Each facility was recently constructed on a build-to-suit basis for DaVita. Each lease is structured on a double net basis whereas the tenant is solely responsible for all costs attributed to taxes, insurance, and utilities. The landlord is only responsible for the costs repair to the roof, and replacement of the structural components, HVAC, and parking areas. Additionally, each lease provides for the reimbursement of management fees; therefore, increasing the Landlord’s total annual yield throughout the hold period. With average annual rent increases of 2.25%, a new investor will benefit from above-market rent growth during both lease terms. Furthermore, both leases call for (3) 5-Year option periods with additional annual increases throughout the entirety of each renewal term. Offered at a capitalization rate of 6.25% the portfolio offering provides an investor with the opportunity to acquire two properties with strong operations, ideally positioned within close proximity to major regional hospital systems, and backed by a tenant that exemplifies a reputation of consistency for both its patient base and the real estate investment community.