December 22, 2020 – Kyle Danielson and Chris King of Horvath & Tremblay have successfully completed the sale of DaVita Dialysis in Cincinnati, Ohio. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $4,101,675.
DaVita Dialysis is located at 2290 Ferguson Road in Cincinnati, Ohio. This is a new construction DaVita Dialysis that was completed in 2020. The property consists of a 6,488 square foot stand-alone building. DaVita Dialysis has 14+ years of term remaining on a corporate guaranteed Triple Net (NNN) 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. DaVita Dialysis is well located along Ferguson Road with outstanding visibility and frontage. The clinic is situated as an out-parcel to a Kroger/Walmart anchored center. It is located within one mile of the new Mercy Health Queen Medical Center. The property is surrounded by national retailers and dense residential neighborhoods and is within close proximity to downtown Cincinnati. Furthermore, the population within a 5-mile radius of the facility exceeds 240,000 and average household Income exceeds $66k within a 5-mile radius.
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.