11425 Dodge RdOmaha, NE 68154

For Sale
$4,159,679

DaVita-Leased Medical Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple interest in a single-tenant medical office building located in Omaha, Nebraska. The property, totaling 8,081 square feet on a 0.51-acre lot, is a newly renovated (2023) one-story building perfectly suited to its tenant, DaVita, Inc. This Fortune 500 company, a leading kidney care provider with over 2,724 locations, occupies the entire building under a 15-year net lease (commencing June 13, 2023, expiring June 12, 2038) with three, five-year renewal options. The lease includes a 10% rent increase every five years, providing significant long-term growth potential. The property boasts a strong 6.10% cap rate and a current NOI of $253,740, with an asking price of $4,159,679 ($514.75/sq ft). The building's location at 11425 W Dodge Rd, Omaha, NE 68154, benefits from high traffic volume (US-6 and S 114th St) and a dense, affluent population (average household income exceeding $104,000 annually within a five-mile radius). DaVita's corporate guarantee and the lease's minimal expense exposure to the landlord further enhance this investment's stability and attractiveness. The lease is a standard DaVita form used across most of its locations, minimizing risk. This is a passive, long-term investment with built-in rent growth, situated in a high-income area and backed by a financially strong, creditworthy tenant.

Highlights

  • Fee-simple ownership of a newly renovated (2023) 8,081 SF medical office building in Omaha, NE.
  • Single-tenant, net lease to DaVita, Inc., a Fortune 500 company, with a 15-year term and three 5-year options.
  • 6.10% cap rate, $253,740 NOI, and an asking price of $4,159,679 ($514.75/SF).
  • Located in a high-traffic area with high average household income exceeding $104,000 within a 5-mile radius.
  • Lease includes a 10% rent increase every five years and DaVita corporate guarantee.

Property Details for 11425 Dodge Rd

Property type
Other office properties, Medical offices
Square Feet
8,081 SF
Year Renovated
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.2626978
Longitude
-96.0920613
11425 Dodge Rd, Omaha, Nebraska

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11425 Dodge Rd
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