DaVita Dialysis

In the State of Missouri, St. Louis exists as an autonomous city apart from St. Louis County. The Mississippi River and the Missouri River meet at this place, which is where two of the largest rivers in the world converge. Missouri's largest metropolitan region and second-largest city are both located in St. Louis. When French explorers arrived in 1673, they discovered a significant Mississippian mound-building center. The latter city was known as "Mound City" because it once had a large number of mounds, almost all of which have since been destroyed. When French travelers Louis Joliet and Jacques Marquette passed across the Mississippi River basin in 1678, La Salle claimed France owned the whole region. The huge metropolitan area of Greater St. Louis, which is home to around three million people, is centered on the city of St. Louis, which bears the name of King Louis IX of France. The city is located in both Missouri and Illinois, which is a close neighbor. The city is noted for its architecture, festivals, sports, historical monuments, and multi-cultural populace. Its most well-known landmark is the Gateway Arch.Fortis Net Lease is pleased to present a DaVita Dialysis Center in St. Louis, Missouri located in close proximity to the Mississippi River and I-55. DaVita recently signed a 5-year NN lease extension with limited landlord responsibilities. This demonstrates DaVita’s commitment to the location as it has been operating here for almost 10 years. The lease features 10 percent rent bumps every five years and in both options. The asset has a corporate guarantee from DVA Renal Healthcare, Inc., a Fortune 500 company that did $10.8-billion in revenue across 2,350 treatment centers in 2017. The subject property is located near the intersection of Jefferson Ave and Broadway St, which sees 15,867 vehicles pass this thoroughfare per day. The five-mile population from the site is 251,599 between 112,612 households. Meanwhile, the five-mile average household income is $69,152 per year. Nearby traffic flows from downtown (S 1-55), South City Hospital, surrounding retail, schools, neighborhoods, and public institutions.