INVESTMENT OPPORTUNITY
SAB Capital is pleased to present DaVita & Acadia Hearing, a fully-occupied, 2-tenant medical office property in Ellsworth, ME. Both tenants have over 4 years remaining in the base term of their leases. DaVita, which operates over 3,000 dialysis centers around the world and has a credit rating of “BB” (S&P), occupies 68% of the building. The property is unique as Maine is a certificate of needs state, providing an added barrier to entry for prospective medical office operators in the state.
- 2-Tenant Medical Office in Ellsworth, ME | Coastal Maine Location
- Certificate of Need State | High Barrier-to-Entry Medical Use
- High-Credit Anchor Tenant | DaVita is the 2nd Largest Dialysis Provider in the U.S. With Over 200,000 Annual Patients
- Strong Location Fundamentals | Located Directly Off of US-1 Which Sees Over 16,000 Vehicles Per Day
- Fully Occupied Center | DaVita and Acadia Hearing Both Have Over 4 Years Remaining in Their Base Term
- DaVita is Open 6 Days a Week
- Built-In Hedge Against Inflation | DaVita Has 2% Annual Rent Escalations
- National Retailers Located Nearby | The Home Depot, T.J. Maxx, Walmart, Supercenter, and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
DaVita and Acadia Hearing | $990,314 | 7.00% | N/A | 7,602 | Available |