DaVita Dialysis Center For
3740 S Jefferson Ave St., Louis, MO 63118
DaVita Dialysis Center in St. Louis, Missouri for sale.
Type:Retail, Office
Property size:
5,057 SFPrice / SF:
$262/SF- Added:
- Jul 21, 2022
- Days on Market:
- 1413
- Last Refresh:
- May 12 at 9:46 pm
Property Features for 3740 S Jefferson Ave St.
General Information
- Standard status
- Active
- Size
- 5,057 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2000
Listing agent Kyle Carson License #MI 6501384480
Listing office Fortis Net Lease
Listing date Jul 21, 2022
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease
HighLights
- DaVita recently signed a 5‑year NN lease extension, demonstrating commitment to the location.
- Corporate guarantee from DVA Renal Healthcare, Inc., a Fortune 500 company.
- Lease features 10 percent rent bumps every five years and in both options.
- Located near the intersection of Jefferson Ave and Broadway St, with a traffic count of 15,867 vehicles per day.
- Strong demographics: 251,599 population within a 5‑mile radius, with 112,612 households and an average household income of $69,152.
- Located in St. Louis, Missouri, a major metropolitan area.
Overview
The property is a DaVita Dialysis Center located in St. Louis, Missouri, near the Mississippi River and I-55. DaVita recently signed a 5-year NN lease extension. The lease includes 10 percent rent increases every five years and in both options. The asset is corporately guaranteed by DVA Renal Healthcare, Inc. The property is situated near the intersection of Jefferson Ave and Broadway St, which experiences a traffic volume of 15,867 vehicles per day. Within a five-mile radius, the population is 251,599 across 112,612 households, with an average household income of $69,152 per year. The location benefits from traffic flowing from downtown (S 1-55), South City Hospital, surrounding retail, schools, neighborhoods, and public institutions. The property size is 5,057 square feet. St. Louis is an autonomous city apart from St. Louis County, located at the convergence of the Mississippi and Missouri Rivers. The city is known for its architecture, festivals, sports, historical monuments, and multi-cultural populace, with the Gateway Arch as its most well-known landmark.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.9k | $22.32 |
| − Vacancy | −$15.7k | −$3.10 |
| EGI | $97.2k | $19.22 |
| − OpEx | −$29.2k | −$5.77 |
| NOI | $68.0k | $13.45 |
5,057 SF · lease $22.32/SF/yr · vacancy 13.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$971.8K
$850.4K – $1.13M
NOI $68,028 @ 7.0% cap · market cap 5.13%
Second Best
Healthcare Medical
$833.0K
$728.9K – $971.8K
NOI $58,310 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.09M
$949.7K – $1.27M
NOI $75,972 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Medical centers
Map
- City
- Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.2258
- Latitude
- 38.5933
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FAQs
What type of property is this?
Medical center - DaVita Dialysis Center in St. Louis, Missouri for sale.
Where is this medical center located?
The property is located at 3740 S Jefferson Ave St. Louis, MO.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: DaVita recently signed a 5‑year NN lease extension, demonstrating commitment to the location.; Corporate guarantee from DVA Renal Healthcare, Inc., a Fortune 500 company.; Lease features 10 percent rent bumps every five years and in both options.
