For Sale
$4,526,000 | 6.40% Cap
3050 Liberty Avenue, Beaumont, TX 77702
New OM Download
New OM Download
Broker of Record: | N/A |
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 13,200 Square Feet |
10+ Years | $289,674 |
Investment Highlights
Anchored by Regional Hospital
Positioned on the campus of CHRISTUS Southeast Texas St. Elizabeth, a 431-bed acute care facility and the largest hospital between Houston and Baton Rouge, the subject property benefits from established referral relationships and sustained patient volume.
Corporately Guaranteed Lease
The lease is backed by a corporate guaranty from DaVita, Inc. (NYSE: DVA; S&P: BB Stable), a Fortune 500 healthcare leader with 70,000+ employees, 3,000+ locations, $13.6 billion in annual revenue, and net income of $747 million (FY2025).
High-Traffic Interstate Exposure
Interstate 10, an east-west connection between Houston & Louisiana averaging 91,000+ daily drivers, provides exceptional accessibility to the nearby subject property and broader Beaumont medical district.
Non-Income Tax State
Serving as a major benefit to the landlord, as of 2024, nine states: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming — levy no state income tax.
10% Rent Escalations
Base rent increases 10% every five years throughout the primary term and each of the (3) 5-year renewal options, with the next escalation in 2031 raising annual base rent from $275,880 to $303,468.
Strong Population Density
The subject property is positioned in a densely populated area of Texas, with 123,000+ residents within a 5-mile radius, providing a robust patient base for DaVita's services.
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 13,200 Square Feet |
10+ Years | $289,674 |
Overview
Peranich Huffman Net Lease Group is pleased to exclusively present for sale, the DaVita Dialysis located in Beaumont, TX. Priced at a 6.40% capitalization rate, the offering presents investors with the opportunity to acquire a property leased to a reputable national medical provider with a proven history of tenant stability and kidney disease treatment delivery. Built in 2004 and renovated in 2021, the 13,200 square foot DaVita Dialysis is positioned on a 1.79 acre lot with frontage along Liberty Avenue.
Location
The subject property is positioned on the campus of the 431-bed CHRISTUS Southeast Texas St. Elizabeth Hospital, the largest hospital between Houston and Baton Rouge. CHRISTUS St. Elizabeth is supported by a medical staff of more than 500 physicians practicing across 66 specialties, and operates the only Level III Trauma Center in the region, anchoring a healthcare corridor that draws patient volume from across Southeast Texas. Adjacent to the hospital, the CHRISTUS Outpatient Pavilion and the Park Medical office buildings extend the campus with additional diagnostic, surgical, and physician practice space within walking distance of the subject property.
Lease
DaVita Dialysis has continuously occupied the property since 2012. In 2020, seven years ahead of expiration, DaVita executed an early nine-year extension carrying the term through October 31, 2036. With over 10 years of term remaining, the corporately guaranteed lease provides for 10% rent increases every five years throughout the remainder of the term and across each of the (3) 5-year renewal options. Current base rent is $20.90 per square foot, or $275,880 annually, which increases to $303,468 in 2031. Additionally, the lease provides for a property management fee of 5.00% of gross rental income, or $13,794 annually, payable by the tenant as additional rent.
Under the net lease structure, the tenant is responsible for the HVAC, roof repair, parking lot repair, interior, non-structural maintenance, property taxes, insurance premiums, utilities, landscaping, waste management, and the property management fee. Landlord expense obligations are limited to structure and the replacement of the roof and parking lot.