
DaVita Dialysis (Waycross, GA)
308 Carswell Ave, Waycross, GA 29732

Property Summary
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Price: $1,500,000
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CAP Rate: 8.90%
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Leasable Area: 7,242 SF
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Status: Available
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Lease Type: Double Net (NN)
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Lease Term Remaining: 3.7 Years
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Guarantee: Corporate
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NOI: $132,834 / Year
Investment Highlights
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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.
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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
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Growing Industry – 569,000+ ESRD dialysis patients in US (3.5% increase 2014-2019)
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Long-Term DaVita Tenant (since 2008)
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Strategically positioned within 1.2 miles from the only major hospital in the area Memorial Satilla Health Hospital and ER, and Memorial Hospital Heliport.
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The property is located next to St Vincent’s Urgent Care and Ambulatory Care
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Growing Industry – 569,000+ ESRD dialysis patients in US (3.5% increase 2014-2019)
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Rent Growth – 2% annual rental increases provide hedge against inflation
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Opportunity Zone
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Business friendly state with low property taxes
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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.
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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

Neil Naran

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