DaVita Dialysis

5715 N Venoy Rd, Westland, MI 48185

  • For Sale $3,731,215
  • Property Type Office - Medical Office
  • Property Size 9,576 SF
  • Units 1
  • Lot Size 2.51 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 87
  • Parking Ratio 9.67 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1996
  • Year Renovated 2001
  • Date Updated Nov 1, 2024
-5715 N. Venoy, Westland, MI constructed in 1996 presents an exceptional investment opportunity as a prime retail dialysis facility. Ideal for investors seeking a hassle-free venture, this property offers a strategic location just off Ford Road, a major thoroughfare providing easy accessibility for residents. The property is conveniently located near both a Ford and Chevrolet dealership, as well as several major fast food chains and a Walgreens, all within close proximity. Spanning a total of 109,335.6 SF, the site includes a 9,576 SF single-story building and ample parking with over 100 spaces dedicated to dialysis patients. The facility is currently leased to DaVita, the nation's largest dialysis provider, under a long-term agreement with over 10 years remaining, ensuring stable returns. The tenant may amend the lease for two additional five-year terms by providing written notice 180 days before the current lease expires. If they fail to do so, the lessor will notify the tenant 90 days before the lease ends, giving the tenant an additional 30 days to respond. DaVita specializes in treating individuals with kidney failure, offering life-sustaining services such as blood waste and fluid removal. With a triple net (NNN) lease in place, investors can enjoy a passive income stream with minimal oversight, making this property an attractive, low-maintenance addition to any portfolio. Given the high demand for dialysis treatments in Michigan,DaVita is positioned well for the foreseeable future.

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Highlights

  • Westland only has two dialysis centers
  • According to recent estimates from researchers at Johns Hopkins University and the National Kidney Foundation, more than 50% of seniors over the age of 75 are believed to have kidney disease.
  • 29.84% (24,626 individuals) of the population in Westland, MI fits the profile to suffer from kidney disease.
  • According to the National Kidney Foundation, approximately 37 million adults in the U.S.have chronic kidney disease (CKD), and 15% of them will progress to end-stage renal disease (ESRD), requiring dialysis or transplantation.
  • 1 in 8 Michigan adults (12.5%) have chronic kidney disease (CKD). This equates to approximately 940,000 adults.
  • Unlike other commercial sectors, healthcare remains relatively stable during economic downturns, ensuring consistent rental income.
  • The stability of the healthcare industry leads to lower vacancy rates compared to other property types.

Contacts

broker

Justin White

Centennial Advisers

Location

Getting Around

  • Walk Score ®

    64/100 Somewhat Walkable

  • Bike Score ®

    42/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Westland, MI
  • Zip Code 48185
  • Market Detroit

Points of Interest

  • Dearborn

    6.81 miles

  • Firestone Station

    7.04 miles

  • Smith's Creek Depot Station

    7.13 miles

  • Walnut Grove Station

    7.43 miles

  • North Station

    7.81 miles

  • Terminal Station

    8.15 miles

  • Taxi and Limo

    8.23 miles

  • South Station

    8.44 miles

  • Sunoco

    0.12 miles

  • Mobil

    0.37 miles

  • BP

    0.90 miles

  • Shell

    1.10 miles

  • Charging Station at Westland City Hall

    1.87 miles

  • Livonia, MI Supercharger

    4.13 miles

  • eVgo

    4.14 miles

  • Bosch

    6.70 miles

  • Tesla Supercharger

    8.53 miles

  • ChargePoint Station 8FA0

    9.14 miles

  • VFW Hall Parking

    0.11 miles

  • Oak Grove Trailhead Parking Lot

    2.38 miles

  • school parking

    2.91 miles

  • OHM Advisors Parking Lot

    3.03 miles

  • School Parking

    3.08 miles

  • Masjid Madinatul Ilm Parking Lot

    3.23 miles

  • MCWS Parking Lot

    4.30 miles

  • Parking Lot - South

    4.41 miles

  • Parking Lot - East

    4.44 miles

  • Parking Lot - West

    4.56 miles

  • Quality Inn & Suites

    3.13 miles

  • Days Inn by Wyndham Livonia - Detroit

    3.48 miles

  • Fairfield Inn & Suites Detroit Canton

    4.15 miles

  • Extended Stay America

    4.15 miles

  • TownePlace Suites Detroit Canton

    4.15 miles

  • La Quinta Inn Detroit Canton

    4.17 miles

  • Red Roof Inn

    4.17 miles

  • Baymont Inn

    4.20 miles

  • Hampton Inn & Suites

    4.22 miles

  • Comfort Suites

    4.23 miles

  • GJ's Diner Coney Island

    0.09 miles

  • Angelo Brothers

    0.31 miles

  • A&W

    0.41 miles

  • McDonald's

    0.49 miles

  • Tubby's Sub Shops

    0.51 miles

  • KFC

    0.53 miles

  • Subway

    0.89 miles

  • Savvy Sliders

    1.06 miles

  • Shawarma

    1.07 miles

  • Red Lobster

    1.14 miles

  • Garden City Middle School

    0.61 miles

  • Radcliff Junior High School

    0.62 miles

  • Schoolcraft College Radcliff Center

    0.67 miles

  • Farmington School

    0.68 miles

  • St. Raphael Catholic School

    0.74 miles

  • Edison Elementary School

    0.88 miles

  • Stottlemyer Early Childhood Center

    1.09 miles

  • Wildwood School

    1.16 miles

  • Wayne-Westland Adult and Community Education Center

    1.30 miles

  • Tinkham Alternative Education

    1.30 miles

  • Learning Tree

    2.89 miles

  • Allen Early Learning Academy

    4.67 miles

  • Montessori Center of Our Lady

    4.82 miles

  • Helping Hands child care

    6.05 miles

  • Paradigm Care & Enrichment Center

    6.14 miles

  • The Learning Tree Child Care Center - North

    6.41 miles

  • St. Peter's Evangelical Lutheran School

    6.52 miles

  • KinderCare

    6.69 miles

  • God's Little Schoolhouse

    7.13 miles

  • Tott's Early Learning Center

    7.14 miles

Frequently Asked Questions

How much does DaVita Dialysis cost?

The space currently listed for sale at DaVita Dialysis asks for $3,731,215.

What is the total square footage of DaVita Dialysis?

DaVita Dialysis totals 9,576 square feet.

When was this property built?

DaVita Dialysis was built in 1996.

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Contact Listing Broker

broker

Justin White

Centennial Advisers