1
C
GARLAND, TX
DAVITA
NEWLY EXTENDED ABSOLUTE NNN DIALYSIS CLINIC
Contact the
team
This information has been secured from sources we believe
to be reliable but we make no representations or warranties,
expressed or implied, as to the accuracy of the information.
Buyer must verify the information and bears all risk for any
inaccuracies.
JUSTIN STARK
jstark@capitalpacic.com
PH: 415.274.2706
CA DRE# 01856228
PAGE 2
IN CONJUNCTION WITH
TX LICENSED BROKER:
S
teve Sieling
Azur Commercial Capital, LLC
214.888.8262
NOI:
$159,100
LEASE TYPE:
ABSOLUTE NNN
LEASE TERM:
12 YEARS
RENTAL INCREASES:
2.00% ANNUALLY
LEASABLE AREA:
7,400 SF
LAND AREA:
.80 AC
DAVITA DIALYSIS
4.75%
CAP
$3,349,474
PRICE
Investment Summary
This information has been secured from sources we believe to be reliable but we
make no representations or warranties, expressed or implied, as to the accuracy of the
information. Buyer must verify the information and bears all risk for any inaccuracies.
PAGE 3
NEW LONG TERM CORPORATE COMMITMENT
TO AN ESTABLISHED DAVITA CLINIC IN A HIGH
GROWTH DALLAS SUBMARKET
776 E CENTERVILLE RD, GARLAND, TX 75041
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
THE OFFERING
Capital Pacic is pleased to present an opportunity to acquire a longstanding
corporate DaVita Dialysis center in a densely populated corridor in Garland,
TX. Davita has operated at this location for fteen years and extended
their lease in 2021, showing their commitment to the site. The lease is a
unique absolute NNN structure with zero landlord maintenance or expense
responsibilities and annual 2.0% rental increases throughout the primary
term and options.
The subject property is strategically situated just o the highly tracked
intersection of Centerville Road and Broadway in Garland, TX, with combined
trac counts of approximately 60,000 VPD. The City of Garland has a
population of over 230,000 and is part of the Dallas-Fort Worth metroplex.
Garland’s close proximity to downtown Dallas (18 miles) makes the city a
direct beneciary of the explosive population and job growth in the Dallas-
Fort Worth metroplex.
New 12-Year Absolute NNN Lease
2.00% annual rental increases
throughout the primary term and
options
Longstanding and successful Davita
Clinic
Corporate Guaranty from Davita Inc.
E-Commerce and recession resistant
tenant
High Growth Dallas Metroplex
Location
HIGHLIGHTS
Investment Highlights
PAGE 4
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
PRICE $3,349,474
Capitalization Rate: 4.75%
Building Size (SF): 7,400
Lot Size (Acres): 0.80
STABILIZED INCOME PER SQUARE FOOT
Scheduled Rent $21.50 $159,100
Eective Gross Income $21.50 $159,100
LESS PER SQUARE FOOT
Taxes NNN $0.00
Insurance NNN $0.00
Total Operating Expenses NNN $0.00
NET OPERATING INCOME $159,100
Income & Expense
PAGE 5
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
TENANT INFO LEASE TERM RENT SUMMARY
TENANT NAME SQ. FT. TERM YEARS
CURRENT
RENT
MONTHLY
RENT
YEARLY
RENT
Davita 7,400 3/1/21 - 2/28/22 $159,100 $13,258 $159,100
3/1/22 - 2/28/23 $13,524 $162,282
3/1/23 - 2/29/24 $13,794 $165,528
3/1/24 - 2/28/25 $14,070 $168,838
3/1/25 - 2/28/26 $14,351 $172,215
3/1/26 - 2/28/27 $14,638 $175,659
3/1/27 - 2/29/28 $14,931 $179,172
3/1/28 - 2/28/29 $15,230 $182,756
3/1/29 - 2/28/30 $15,534 $186,411
3/1/30 - 2/28/31 $15,845 $190,139
3/1/31 - 2/29/32 $16,162 $193,942
3/1/32 - 2/28/33 $16,485 $197,821
Option 1 13-17 2.00% Annual Increases
Option 2 17-22 2.00% Annual Increases
Option 3 22-27 2.00% Annual Increases
Option 4 27-32 2.00% Annual Increases
TOTALS: 7,400 $159,100 $13,258 $159,100
Rent Roll
PAGE 6
Lease Abstract
TAXES Tenant responsible
INSURANCE Tenant responsible
UTILITIES
Tenant pays all utilities
MAINTENANCE Tenant responsible
LANDLORD’S OBLIGATIONS No Landlord obligations
EXPENSES
TENANT DaVita Dialysis
GUARANTOR Davita Inc.
LEASE TYPE Absolute NNN
RENTAL INCREASES 2.00% Annually
LEASE TERM 12 years
OPTIONS Four 5-Year Renewal Options
PREMISES & TERM
The details contained within the Lease Abstract are provided as a courtesy to the recipient for
purposes of evaluating the Property’s initial suitability. While every eort is made to accurately
reect the terms of the lease document(s), many of the items represented herein have been
paraphrased, may have changed since the time of publication, or are potentially in error. Capital
Pacic and its employees explicitly disclaim any responsibility for inaccuracies and it is the
duty of the recipient to exercise an independent due diligence investigation in verifying all such
information, including, but not limited to, the actual lease document(s).
CONTACT LISTING BROKER FOR MORE DETAIL.
Lease Abstract
PAGE 7
Site Plan
PAGE 8
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
E CENTERVILLE ROAD
PYLON
SIGN
42
SPACES
7,400
RENTABLE SF
.80
ACRES
Tenant Overview
DaVita HealthCare Partners INC. (NYSE: DVA), a Fortune
500 company, is a leading provider of kidney care in the
United States, delivering dialysis services and education
to patients with chronic kidney disease and end stage
renal disease. The company is the largest provider of
kidney care services in the U.S. and has been a leader in
clinical quality and innovation for 20 years.
DaVita serves 240,000 patients at 2,795 outpatient
dialysis centers in the United States. The company also
operates 287 outpatient dialysis centers in ten countries
across the world. DaVita controls more than 37% of the
U.S. dialysis market.
For the scal year ending in December 31, 2020, total
revenues were $11.551 billion. DaVita is rated “Ba2 Stable”
by Moody’s.
ABOUT DAVITA DIALYSIS
TOTAL 2020
REVENUE
$11.5 Billion
DIALYSIS
PATIENTS
200,000+
PAGE 9
This information has been secured from sources we believe to be reliable but we make no representations or warranties,
expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any
inaccuracies.
Retail Aerial
PAGE 10
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Retail Aerial
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed
or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
26,355
VPD
E CENTERVILLE ROADE CENTERVILLE ROAD
BROADWAY BOULEVARDBROADWAY BOULEVARD
QUALITY
ESTATES
FRONTIER
COMMUNICATIONS
SOVRAN
AQUISITION
LP
CENTERVILLE
ELEMENTARY
SCHOOL
MEMORIAL
PATHWAY
ACADEMY HIGH
SCHOOL
WATSON
TECHNOLOGY
CENTER
FOR MATH &
SCIENCE
34,145
VPD
DAUGHERTY
ELEMENTARY
SCHOOL
PAGE 10
635
635
635
30
30
30
30
45
30
30
635
80
80
FERGUSON ROADFERGUSON ROAD
FERGUSON FERGUSON
ROADROAD
PRESIDENT PRESIDENT
GEORGE BUSH
GEORGE BUSH
TURNPIKETURNPIKE
635
75
35E
75
DALLAS
GARLAND
MEDICAL
CITY
CHILDREN’S
HOSPITAL
PARKLAND
HOSPITAL
BAYLOR
UNIVERSITY
MEDICAL
CENTER
DALLAS
LOVE FIELD
AIRPORT
SOUTHERN
METHODIST
UNIVERSITY
MEDICAL
CITY
CHILDREN’S
HOSPITAL
CITY
HOSPITAL
AT WHITE
ROCK
DALLAS
COLLEGE
EASTFIELD
CAMPUS
DALLAS
COLLEGE
RICHLAND
CAMPUS
CONVENTION
CENTER
COTTON
BOWL
DALLAS
BOTANICAL
GARDEN
DEALEY
PLAZA
UT
SOUTHWESTERN
MEDICAL
CENTER
WILLIAM P.
CLEMENTS JR.
UNIVERSITY
HOSPITAL
PRESBYTERIAN
HOSPITAL
DALLAS
MIDDLE
SCHOOL
CITY OF
GARLAND
HIGH
SCHOOL
HIGH
SCHOOL
HIGH
SCHOOL
HIGH
SCHOOL
DALLAS
COLLEGE
GARLAND
CENTER
CONVENTION
CENTER
FAIR
PARK
GOLF
COURSE
GOLF
COURSE
GOLF
COURSE
GOLF
COURSE
SPORTS
COMPLEX
STADIUM
STADIUM
ELEMENTARY
SCHOOL
MIDDLE
SCHOOL
ELEMENTARY
SCHOOL
MIDDLE
SCHOOL
HIGH
SCHOOL
20,294
VPD
213,311
VPD
205,720
VPD
112,900
VPD
E CENTERVILLE RDE CENTERVILLE RD
PAGE 11
Aerial
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
12
Demographics
SUBJECT
PROPERTY
DOWNTOWN
DALLAS
(16 MILES)
POPULATION
1-MILE 3-MILES 5-MILES
2010 15,819 118,220 302,762
2020 17,053 127,047 326,553
2025 17,646 131,265 339,076
2020 HH INCOME
1-MILE 3-MILES 5-MILES
Average $73,183 $72,710 $75,396
Median $53,804 $55,176 $57,417
THE POPULATION WITHIN A 5-MILE
RADIUS IS OVER 326K
TOP EMPLOYERS IN DFW METROPLEX
EMPLOYER # OF EMPLOYEES
AMR (American Airlines) 24,700
Bank of America 20,000
Texas Health Resources 19,230
Dallas Independent School District 18,314
Baylor Health Care System 17,097
PAGE 12
This information has been secured from sources we believe to be reliable but we make no representations or
warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears
all risk for any inaccuracies.
IRVING
CARROLLTON
FRISCO
ALLEN
MESQUITE
PLANO
GARLAND,
TEXAS
GARLAND is a suburb of Dallas with a population of 236,366
residents. It is a part of Dallas, Rockwall, and Collin Counties and
is connected to Downtown Dallas through the Dallas Area Rapid
Transit (DART) system. Historic downtown Garland supplies locals
and tourists with authentic Tex-Mex restaurants, frequent live music
in the square, 2,880 acres of parkland, and classic Texas charm.
DALLAS is a vibrant metropolitan city located alongside the Trinity
River, with a population of approximately 1,343,573 residents. Dallas
is the 9th largest city in the United States and the 3rd largest in Texas.
Dallas has the highest concentration of schools in Texas and is home
to major educational institutions such as UT Southwestern Medical
Center, Southern Methodist University, and the Dallas campus of the
University of North Texas.
PAGE 13
DALLAS IS A MAJOR TRANSPORTATION HUB with four
major interstate highways converging in the city and a
fth interstate loop around it, a major inland port, railroad
lines, the Dallas/Fort Worth International Airport and Dallas
Love Field Airport. Dallas-Fort Worth’s vast transportation
infrastructure connects residents and businesses. Known for
entrepreneurship, innovation, and tech, the Dallas-Fort Worth
metropolitan area is ranked as the third-largest concentration
of Fortune 500 companies in the United States. In 2019, the
DFW area exported around $25.3 billion and imported around
$13.4 billion. The area’s GDP reached a high of over $620.6
billion by the end of 2020.
7.5 MILLION
DALLAS MSA
POPULATION
(ESTIMATED)
DOWNTOWN DALLAS
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Location Overview
Dallas MSA
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or
implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
DALLAS - FORT WORTH MSA
THE DALLAS/FORT WORTH METROPLEX (Dallas/Fort Worth,
DFW) is a dynamic 12-county region made up of Dallas, Fort
Worth, and another 150 municipalities. The Dallas area is the
largest metropolitan area in Texas and the fourth largest in
the United States spanning an area of 9,286 square miles with a population of
approximately 7.5 million residents. Dallas-Fort Worth was one of the fastest
growing metropolitan areas in the nation from 2000 to 2014, adding 1.6 million
people for a 32% growth rate. By the year 2040, over 10.9 million people are
projected to be living in the Metroplex.
The Dallas—Fort Worth metropolitan area is home to eight major league sports
teams: the Dallas Cowboys (NFL), Dallas Mavericks (NBA), Texas Rangers (MLB,
Dallas Stars (NHL), FC Dallas (MLS), Dallas Wings (WNBA), the Dallas Rattlers
(MLL), and XFL Dallas (Xtreme Football League).
GENERAL STATS
#1 LARGEST INLAND METRO AREA
4TH LARGEST METRO AREA
#17 U.S. NEWS BEST PLACES TO RETIRE
27 MILLION ANNUAL VISITORS
#1 IN JOB CREATION FOR 2019
3.7 MILLION JOBS IN THE METRO AREA
#2 FORBES 2019 BEST CITY FOR JOBS
DOWNTOWN DALLAS
#23 U.S. NEWS & WORLD REPORT
BEST PLACES TO LIVE
PAGE 14
DOWNTOWN DALLAS
JUSTIN STARK
jstark@capitalpacic.com
PH: 415.274.2706
CA DRE# 01856228
This information has been secured from sources we believe to be reliable but we make no representations or warranties,
expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any
inaccuracies.
CPSF COLLABORATES.
CLICK HERE TO MEET OUR TEAM.
CAPITALPACIFIC.COM/CPSF
Copyright © 2021 Capital Pacic Partners
IN CONJUNCTION WITH
TX LICENSED BROKER:
S
teve Sieling
Azur Commercial Capital, LLC
214.888.8262
Contact us.
11-2-2015
TYPES OF REAL ESTATE LICENSE HOLDERS:
A BROKER is responsible for all brokerage acvies, including acts performed by sales agents sponsored by the broker.
A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
Put the interests of the client above all others, including the broker’s own interests;
Inform the client of any material informaon about the property or transacon received by the broker;
Answer the client’s quesons and present any oer to or counter-oer from the client; and
Treat all pares to a real estate transacon honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the
owner, usually in a wrien lisng to sell or property management agreement. An owner's agent must perform the broker’s minimum
dues above and must inform the owner of any material informaon about the property or transacon known by the agent, including
informaon disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a
wrien representaon agreement. A buyer's agent must perform the broker’s minimum dues above and must inform the buyer of any
material informaon about the property or transacon known by the agent, including informaon disclosed to the agent by the seller or
seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the pares the broker must rst obtain the wrien
agreement of each party to the transacon. The wrien agreement must state who will pay the broker and, in conspicuous bold or
underlined print, set forth the broker's obligaons as an intermediary. A broker who acts as an intermediary:
Must treat all pares to the transacon imparally and fairly;
May, with the pares' wrien consent, appoint a dierent license holder associated with the broker to each party (owner and
buyer) to communicate with, provide opinions and advice to, and carry out the instrucons of each party to the transacon.
Must not, unless specically authorized in wring to do so by the party, disclose:
that the owner will accept a price less than the wrien asking price;
that the buyer/tenant will pay a price greater than the price submied in a wrien oer; and
any condenal informaon or any other informaon that a party specically instructs the broker in wring not to
disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacon without an agreement to represent the
buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner rst.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
The broker’s dues and responsibilies to you, and your obligaons under the representaon agreement.
Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This noce is being provided for informaon purposes. It does not create an obligaon for
you to use the broker’s services. Please acknowledge receipt of this noce below and retain a copy for your records.
Information About Brokerage Services
Texas law requires all real estate license holders to give the following informaon about
brokerage services to prospecve buyers, tenants, sellers and landlords.
.
Designated Broker of Firm License No. Email Phone
Licensed Supervisor of Sales Agent/
Associate
License No. Email Phone
Licensed Broker /Broker Firm Name or
Primary Assumed Business Name
License No. Email Phone
Regulated by the Texas Real Estate Commission Informaon available at www.trec.texas.gov
IABS 1-0
Date Buyer/Tenant/Seller/Landlord Initials
Sales Agent/Associate’s Name License No. Email Phone