For Sale $3,995,000
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 Sep 13, 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.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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

Justin White

Centennial Advisers

Location

Getting Around

Walk Score ®
64/100 Somewhat Walkable
Bike Score ®
42/100 Somewhat Bikeable

City Westland, MI
Neighborhood Westland
Zip Code 48185
Market Detroit

Points of Interest

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

Mobil

0.37 miles
BP

0.90 miles
Sunoco

1.07 miles
Marathon

1.10 miles
Mobil

1.17 miles
Sunoco

1.22 miles
BP

1.29 miles
Shell

1.30 miles
BP

1.33 miles
Speedway

1.64 miles

VFW Hall Parking

0.11 miles
Oak Grove Trailhead Parking Lot

2.38 miles
school parking

2.92 miles
OHM Advisors Parking Lot

3.03 miles
School Parking

3.07 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

4.60 miles

Quality Inn & Suites

3.13 miles
Days Inn by Wyndham Livonia - Detroit

3.47 miles
Home

3.67 miles
Fairfield Inn & Suites

4.15 miles
Extended Stay America

4.15 miles
TownePlace Suites

4.15 miles
La Quinta Inn by Wyndham Detroit Canton

4.17 miles
Red Roof Inn

4.17 miles
Baymont Inn

4.20 miles
Hampton Inn & Suites

4.22 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
Big Boy

1.11 miles
Red Lobster

1.14 miles
Buffalo Wild Wings

1.18 miles
La Tiendita Mexican Market and Taqueria

1.19 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

4.68 miles
Livonia Little Tots

4.81 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

Frequently Asked Questions

How much does DaVita Dialysis cost?

The space currently listed for sale at DaVita Dialysis asks for $3,995,000.

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.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.