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Virtual Drive-By

DaVita NN+

2049 East Shelby Drive · Memphis, TN 38116 · Dialysis

Asking price
$2,081,040
Cap rate
7.50%
NOI
$156,078

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Lease

Lease typeNN+
Term remaining6.0 yrs
Expiration07/2032
Rent bumps
OptionsTwo (2) options of five (5) years each
Ground leaseNo
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

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Property

Building SF7,120
Price / SF$292
Year built2010
Lot size2.11 ac
TypeStorefront, Medical Office
Days on market30

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Investment highlights

  • ​Ten (10) year NN Lease with limited landlord responsibilities
  • ​This DaVita lease is corporately guaranteed by DaVita, Inc. DaVita is the largest kidney dialysis provider in the US, commanding 37% market share
  • ​Recent lease extension demonstrates commitment to site
  • ​Essential Dialysis Facility Providing Critical, Recession-Resistant Healthcare Services
  • ​DaVita Inc. is a publicly traded company (NYSE: DVA), ranked #331 on the Fortune 500 with $13.6 billion in annual revenue
  • ​Convenient access to Interstate 240, Interstate 55, Memphis International Airport, and Downtown Memphis
  • ​Minutes from Memphis International Airport, the world's busiest cargo airport by freight volume
  • ​Dense Surrounding Population - Memphis has a population exceeding 630,000 residents, with a large and growing patient base within a 5-mile radius supporting long-term demand for dialysis services
  • ​Positioned within the Memphis MSA, one of the nation's premier logistics and distribution hubs
  • ​Benefiting from more than $16 billion in regional investment, including Memphis International Airport modernization, FedEx expansion, and next-generation data center development
  • ​Strong Demographics - Average household income exceeds $70,128 within a 1-mile radius, reflecting steady purchasing power
  • ​Established Healthcare & Retail Trade Area - Surrounded by major hospital systems, medical offices, pharmacies, and national retailers, reinforcing the locations role as a dominant healthcare and service hub
  • ​Excellent Visibility Along East Shelby Drive (30,140 VPD), Approximately 2 Miles from Interstate 55 and 9 Miles from Downtown Memphis

Property overview

DaVita Inc.​ (DVA), a leading provider of kidney care services and dialysis treatment, was founded in 1999 and is headquartered in Denver, Colorado.​ The company operates one of the largest networks of outpatient dialysis centers in the world, delivering life-sustaining care to patients with chronic kidney disease (CKD) and end-stage renal disease (ESRD).​

DaVita's global platform includes more than 3,100 outpatient dialysis centers, with approximately 2,650 locations in the United States and over 500 internationally, serving more than 280,000 patients worldwide.​ The company employs roughly 78,000 teammates and continues to expand its integrated kidney care model, focusing clinical outcomes and reducing overall healthcare costs.​

The company has a market capitalization of approximately $13.6 billion, under sourcing its position as a major publicly traded healthcare services provider and a key player in the rental care industry.​

This property is listed in conjunction with TN licensed Turner & Associates Realty, LLC.​

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.