Description

Fortis Net Lease is delighted to offer a DaVita Dialysis Center located in St. Louis, Missouri, near the Mississippi River and Interstate 55. DaVita has recently committed to a new 5-year double-net lease extension, which carries minimal landlord obligations. This renewal highlights DaVita’s dedication to the site, where it has operated for nearly a decade. The lease provides for 10% rent increases every five years, including during renewal options. The property is backed by a corporate guarantee from DVA Renal Healthcare, Inc., a Fortune 500 company that generated $10.8 billion in revenue across 2,350 treatment centers in 2017.