For Sale
$1,366,000

7318 Broad St Brooksville, FL 34601

Net Leased Medical Building, 9,650 SF

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 9,650-square-foot Class B medical office building located at 7318 Broad St, Brooksville, FL 34601. The property, built in 1973 and situated on a 1.92-acre lot, is currently 75% occupied by Davita Dialysis, a leading national kidney care provider with a strong financial profile ($11.38 billion in revenue, $617 million net income, $3.8 billion net worth, and Ba2/BB credit rating). This is a triple-net (NNN) lease investment offering a 5.53% cap rate and a net operating income (NOI) of $75,490. The asking price is $1,366,000, translating to $141.55 per square foot. The property is zoned for commercial use and benefits from a long-term lease with no early termination or kick-out clauses during the initial term and any exercised options. The tenant's strong financial position and the growing demand for dialysis services make this a compelling investment in a recession-resistant industry. The property's location in Hernando County, Florida, provides convenient access to a substantial patient base. This is an ideal opportunity for investors seeking a stable, long-term, net-leased investment with a reputable tenant in a high-demand sector.

Highlights

  • Reliable tenant, internet-proof investment.
  • No early termination or kick-out clauses in the lease.
  • Strong growth in the dialysis industry; over 495,000 ESRD patients in the US.
  • DaVita, the largest US kidney care provider, is the tenant.
  • DaVita's strong financials: $11.38B revenue, $617M net income.
  • DaVita's robust balance sheet: $3.8B net worth, Ba2/BB credit rating.

Property Details for 7318 Broad St

Property type
Office properties, Medical offices
Square Feet
9,650 SF
Class
B
Year Built
1973
Lot Size (sq. ft)
83,635 SF

Location Insight

City
Brooksville
County
Hernando
State
Florida
Latitude
28.5366018
Longitude
-82.4054705

FAQs

What type of property is this?
Office property - Net Leased Medical Building, 9,650 SF
Where is the office property located?
The property is located at 7318 Broad St Brooksville, FL.
What is the asking price?
The asking price for this property is $1,366,000.
What are key features of this property?
This property features: Reliable tenant, internet-proof investment.; No early termination or kick-out clauses in the lease.; Strong growth in the dialysis industry; over 495,000 ESRD patients in the US.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7318 Broad St
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