DaVita Kidney Care | 329 Merrimon Ave
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DaVita Kidney Care 329 Merrimon Ave
9,920 SF Retail Building Weaverville, NC 28787 £2,699,453 (£272/SF) 7.53% Net Initial Yield
Investment Highlights
- Longstanding Dialysis Treatment Facility (Operating at location since 1999)
- Certificate of Need State C.O.N. Regulations in North Carolina Create Significant Barrier to Entry for New Facilities
- Recent Capital Improvements(Roof Replaced in 2019, Two of Three HVAC Units Replaced in 2024)
- Large Format Clinic (20 Stations Running Six Days/Week)
- Passive Double Net Lease Structure (Tenant Pays Taxes, Insurance and OpEx Directly)
- Located in Asheville MSA (5 Miles North of Downtown, Located on Business State Highway 19 | AADT 15,000+)
Executive Summary
Recent Capital Improvements(Roof Replaced in 2019, Two of Three HVAC Units Replaced in 2024).
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
9,920 SF
Building Class
C
Year Built
1999
Price
£2,699,453
Price Per SF
£272
Net Initial Yield
7.53%
NOI
£203,152
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
2.75 AC
Zoning
I-1
PROPERTY TAXES
| Parcel Number | 9732-81-4071-00000 | Improvements Assessment | £1,177,822 |
| Land Assessment | £408,830 | Total Assessment | £1,586,652 |
PROPERTY TAXES
Parcel Number
9732-81-4071-00000
Land Assessment
£408,830
Improvements Assessment
£1,177,822
Total Assessment
£1,586,652
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Christopher Biuso -
Rory Shelby -
Scott Gould -
Caitlin Lancaster -
Marcus & Millichap
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DaVita Kidney Care | 329 Merrimon Ave
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