11425 W Dodge Rd, Omaha, NE

This property presents an investment opportunity with a leading operator in the kidney care industry. DaVita, one of the largest kidney care companies in the US, operates 2,724 outpatient clinics across 46 states, serving 199,400 patients. The property is located in an affluent area of Omaha, characterized by a 262,000 population and an average household income of $104,000 within a 5-mile radius. The property has undergone a comprehensive retrofit-to-suit in 2023, adhering to DaVita's new prototype standards, emphasizing patient quality and energy efficiency. The property is subject to a 15-year, passive net lease structure, offering minimal landlord responsibilities and highly passive rental income. The lease includes 10% rental increases every 5 years during the initial term and option periods. DaVita, Inc. has $11.61B in revenue and $547M net income. Approximately 8,081 square feet, the property is positioned within a growing industry, with over 562,000 ESRD patients in the US and a 3.0% CAGR from 2010-2020. The lease contains no early termination or kick-out clause for the initial term and exercised options. The property's income stream is insulated from macroeconomic changes, as approximately 90% of DaVita, Inc.'s total dialysis patients are covered under some form of government-based program.