June 21, 2022 – Michael Talbert of Horvath & Tremblay has successfully completed the sale of DaVita Dialysis in Palm Coast, Florida. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $2,757,775.
DaVita Dialysis is located at 13 Kingswood Drive in Palm Coast, Florida. DaVita has occupied this 7,000 square foot building since it was constructed in 1998. DaVita Dialysis has 9+ years of term remaining on a corporate guaranteed Double Net (NN) Lease followed by two, 5-Year renewal options. The lease calls for a 10% increase every five years throughout the base lease term and at the start of each renewal option. The Property is situated in between Old Kings Road and Kingswood Drive with many national tenants nearby, including Home Depot, Wal-Mart, Lowe’s, Hobby Lobby, Publix, Kohl’s, Chick-fi l-A, CVS and several others. There are approximately 130,000 in population in the fifteen-mile radius with more than $82,000 in average household income. Palm Coast is the most-populous city in Flagler County and part of the Deltona–Daytona Beach–Ormond Beach, FL metro area. The city is ideally situated along the Atlantic between St. Augustine to the north, and Daytona Beach to the south, each just a half-hour away.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.