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DaVita Dialysis (Waycross, GA)
308 Carswell Ave, Waycross, GA 29732
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Property Summary
  • Price: $1,500,000
  • CAP Rate: 8.90% 
  • Leasable Area: 7,242 SF
  • Status: Available
  • Lease Type: Double Net (NN)
  • Lease Term Remaining: 3.7 Years 
  • Guarantee: Corporate
  • NOI: $132,834 / Year
Investment Highlights
  • Leading Operator – DaVita is one of the largest kidney care companies in the US—2,816 outpatient dialysis centers in 46 states204,200 patients, 67,000 employees.

  • Corporate Guarantee – NYSE (DVA) | $11.62 Billion in revenue (2021) | $978 million in net income, Moody's credit rating: Ba2, S&P credit rating: BB

  • Growing Industry – 569,000+ ESRD dialysis patients in US (3.5% increase 2014-2019)

  • Long-Term DaVita Tenant (since 2008)

  • Strategically positioned within 1.2 miles from the only major hospital in the area Memorial Satilla Health Hospital and ER, and Memorial Hospital Heliport.

  • The property is located next to St Vincent’s Urgent Care and Ambulatory Care

  • Growing Industry – 569,000+ ESRD dialysis patients in US (3.5% increase 2014-2019)

  • Rent Growth – 2% annual rental increases provide hedge against inflation

  • Opportunity Zone

  • Business friendly state with low property taxes

  • Insulated from Macroeconomic Changes –Approximately 90% of DaVita, Inc.’s total dialysis patients were covered under some form of government-based program, proving to be Pandemic and Recession proof.

  • Certificate of Need State - High Barriers to Entry for Competition

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Lidia Grasso (Lead Contact)

Phone: (949) 419-3268

Mobile: (949) 514-9114

Email: Lidia.Grasso@Marcusmillichap.com

Lic. # 02173637

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Neil Naran

Phone:  (909) 456-3476

Mobile: (949) 842-9202

Email: Neil.Naran@Marcusmillichap.com

Lic. # 02025512

See Our

Deals  & Reports First

The Naran Group of Marcus & Millichap is a net lease investment group. Marcus & Millichap is the most dominant brokerage group in the country with more than 80+ offices and nearly 2,000 agents throughout the US and Canada. Marcus & Millichap currently closes more transactions than any other firm. 

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