4679 W Spruce,Fresno, CA 93722
Fresno, CA 93722
Description
Lee & Associates is pleased to present the opportunity to acquire a purpose-built, single-tenant dialysis facility net-leased to DaVita Kidney Care (NYSE: DVA), one of the nation's leading kidney care providers, with over 2,650 U.S. centers, approximately 200,000 patients served, and $12.8B in 2024 consolidated revenue. Constructed in 2021, the 12,960-square-foot medical facility sits on a 1.53-acre parcel in northwest Fresno, near W. Herndon Avenue and N. Milburn Avenue with convenient regional access to State Route 99. The asset is 100% leased under an Absolute NNN structure, with the tenant responsible for real estate taxes, insurance, utilities, and day-to-day maintenance, providing a low-management investment with minimal landlord responsibility. The lease runs through July 6, 2036, with 10% contractual rent increases every five years and three five-year renewal options extending potential tenant control through July 2051. The facility benefits from exclusive dialysis use protection and expansion rights on adjacent premises, reinforcing its long-term operational commitment at this location. Surrounded by a dense, growing residential base, the property serves a trade area (ZIP 93722) with a population of over 86,000, median household income of $80,285, and a young median age of 32.3, supporting sustained demand for outpatient medical services. Fresno, the largest city in California's Central Valley, anchors a regional healthcare, agriculture, logistics, and employment hub with a city population of approximately 555,549 and a county population exceeding 1 million. This offering provides investors the opportunity to acquire a recession-resistant, healthcare-anchored asset with investment-grade tenancy, contractual income growth, and a long-term lease structure in one of California's fastest-growing inland markets.
Details
| MLS # | HD26141992 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 2021 |
| Days On Site | 63 |
| Listing Provided By | Lee & Associates | Elizabeth Brown |
Features
| SQ Feet | 12,960 |
|---|---|
| Story(s) | 1 |
| Acreage | 1.53 |
Exterior
| Lot Features | Landscaped |
|---|
Area Information
| State | CA |
|---|---|
| County | Fresno |
| City | Fresno |
| Zip Code | 93722 |
| Area | FSNO Fresno |
| Listing VS Median (in 93722) | |
Price: $7,899,000 low | high Med: $4,574,500 sqft: 12,960 low | high Med: 11,080 $ / sqft: $609 low | high Med: $373 On site: 63 low | high Med: 77 | |
Market Activity 93722
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Learn More About This Property
| State | CA |
|---|---|
| County | Fresno |
| City | Fresno |
| Zip Code | 93722 |
| Area | FSNO Fresno |
| Listing VS Median (in 93722) | |
Price: $7,899,000 low | high Med: $4,574,500 sqft: 12,960 low | high Med: 11,080 $ / sqft: $609 low | high Med: $373 On site: 63 low | high Med: 77 | |