For Sale
$698,158

4750 Ky Route 321Hagerhill, KY 41222

DaVita Net Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This fee-simple investment opportunity presents a 6,240 square foot medical office building in Hagerhill, Kentucky. The property, located at 4750 S KY Route 321, sits on a 2.23-acre lot and boasts 47 parking spaces. Currently occupied by DaVita Kidney Care under a single-tenant, net lease agreement, this property offers a strong, passive income stream. The lease, originally commencing June 1, 2004, has a remaining term of 0.6 years, with two one-year renewal options. The lease includes a fixed 3.0% annual rent increase, providing protection against inflation and a steady increase in cash flow. The asking price is $698,158, representing a 10.00% capitalization rate and a NOI of $69,815. Built in 1980, this DaVita location is the only nephrology/dialysis clinic within a 30-mile radius, benefiting from a strong, underserved market and a long-standing tenant with a proven track record. The corporate guarantee provides significant security for the investor. This property is an excellent addition to any diversified investment portfolio, offering stability and growth potential in a recession-resistant sector. The property's prominent location on a major thoroughfare ensures high visibility and accessibility. The lease structure, coupled with the tenant's long history at this location and recent lease extension, demonstrates a commitment to the site and its continued success. This is a rare opportunity to acquire a well-established, high-performing medical office building with a strong tenant and significant upside potential.

Highlights

  • Passive investment opportunity with a net lease structure, shielding the buyer from capital expenditure and operating expense increases.
  • Strong cash flow with built-in 3% annual rent escalations, offering inflation protection.
  • Long-term, stable tenant: DaVita Kidney Care, a leading nephrology/dialysis provider with a 20-year history at this location and over 2,700 facilities nationwide.
  • Recession-resistant investment; nephrology/dialysis clinics are immune to e-commerce disruption and economic downturns.

Property Details for 4750 Ky Route 321

Property type
Office properties, Medical offices
Square Feet
6,240 SF
Year Built
1980
Lot Size (sq. ft)
97,139 SF

Location Insight

City
Hagerhill
County
Johnson
State
Kentucky
Latitude
37.7791536
Longitude
-82.7929497
4750 Ky Route 321, Hagerhill, Kentucky

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4750 Ky Route 321
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