8029 W Florissant Ave
Saint Louis, MO 63136
DaVita Dialysis | 15-Yr Corp NN Lease · Retail Property For Sale

SRS National Net Lease Group is pleased to present the rare opportunity to acquire DaVita Dialysis, a brand new, build-to-suit, net leased, investmest property located in Jennings, Missouri. DaVita Dialysis is an outparcel located in the Plaza On the Boulevard shopping center, a dominant, Schnuck' s grocery anchored retail center with a diverse tenant lineup that was developed towards the end of 2006. The tenant, DaVita Dialysis, has a brand new, 15-year, corporate guaranteed lease with rent increases every 5 years. The initial lease term is followed by 3 (5-year) option periods with 10% rent increases at the beginning of each option. The lease structure is NN, with minimal landlord responsibilities limited to roof and structure, and includes all applicable building warranties. DaVita Dialysis is located at the northeast corner of Florissant Avenue and Lucas-Hunt Road (39,900 vehicles per day) providing excellent visibility and multiple points of access. There are 8 total access points, 3 of them are signalized traffic lights at the center' s main ingress-egress points, 1 on Lucas-Hunt Road and 2 on Florissant Avenue. Florissant Avenue is a dominant thoroughfare and retail corridor in Jennings, Missouri. The property is approximately 5 miles east of Lambert-St. Louis International Airport, and 4 miles east of I-170 and I-70 interchange. The 5-mile trade area is supported by a population of nearly 265,000 with an average household income of $45,479.