1006 I-2, Donna, TX

Listing agent Jaidyn Phonrath

Listing office Matthews Real Estate Investment Services - Orange County Show Phone

Listing date Mar 21, 2024

Source Moodyscre

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Overview

Constructed in 2016 as a built-to-suit property for DaVita, this property is under a double net lease, offering minimal landlord responsibilities and a passive income stream. The lease, guaranteed by DaVita, Inc., a Fortune 500 company and a leading kidney care provider in the United States, extends for a 15-year term with two 5-year options. Rental increases of 10% are scheduled every 5 years, with the next increase in 2026, and an additional 10% increase in each option period. The location demonstrates strong demand, operating 6 days a week. Situated within the McAllen-Edinburg-Mission MSA, the site benefits from its location in the fifth-largest metro area in Texas, with a population of approximately 865,677 people and a population density of 557.15 people per square mile. Healthcare real estate has shown resilience against recessions and the COVID-19 pandemic. Texas is one of the 9 income tax-free states in the United States.

Map

City

Donna

County

Hidalgo

State

Texas

Longitude

-98.0519

Latitude

26.1704

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FAQs

What type of property is this?

Medical center - NNN property leased to DaVita with corporate guarantee.

Where is this medical center located?

The property is located at 1006 I-2 Donna, TX.

What is the asking price?

The asking price for this property is $3,647,170.

What are key features of this property?

This property features: Long‑term (15‑year) lease with DaVita, a Fortune 500 company, providing stable income.; Corporate guarantee from DaVita, Inc., a leading kidney care provider with a near $12 billion market cap.; Double Net Lease structure minimizes landlord responsibilities for passive income.