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4679 W Spruce Fresno, CA 93722
1.53 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID HD26141992
HOA Y/N No
Year Built 2021
Lot Size 1.530 Acres
Property Sub-Type Office
Property Description
Lee & Associates is pleased to present the opportunity to acquire a purpose-built, single-tenant dialysis facility net-leased to DaVita Kidney Care (NYSE: DVA), one of the nation's leading kidney care providers, with over 2,650 U.S. centers, approximately 200,000 patients served, and $12.8B in 2024 consolidated revenue.
Constructed in 2021, the 12,960-square-foot medical facility sits on a 1.53-acre parcel in northwest Fresno, near W. Herndon Avenue and N. Milburn Avenue with convenient regional access to State Route 99. The asset is 100% leased under an Absolute NNN structure, with the tenant responsible for real estate taxes, insurance, utilities, and day-to-day maintenance, providing a low-management investment with minimal landlord responsibility.
The lease runs through July 6, 2036, with 10% contractual rent increases every five years and three five-year renewal options extending potential tenant control through July 2051. The facility benefits from exclusive dialysis use protection and expansion rights on adjacent premises, reinforcing its long-term operational commitment at this location.
Surrounded by a dense, growing residential base, the property serves a trade area (ZIP 93722) with a population of over 86,000, median household income of $80,285, and a young median age of 32.3, supporting sustained demand for outpatient medical services. Fresno, the largest city in California's Central Valley, anchors a regional healthcare, agriculture, logistics, and employment hub with a city population of approximately 555,549 and a county population exceeding 1 million.
This offering provides investors the opportunity to acquire a recession-resistant, healthcare-anchored asset with investment-grade tenancy, contractual income growth, and a long-term lease structure in one of California's fastest-growing inland markets.
Constructed in 2021, the 12,960-square-foot medical facility sits on a 1.53-acre parcel in northwest Fresno, near W. Herndon Avenue and N. Milburn Avenue with convenient regional access to State Route 99. The asset is 100% leased under an Absolute NNN structure, with the tenant responsible for real estate taxes, insurance, utilities, and day-to-day maintenance, providing a low-management investment with minimal landlord responsibility.
The lease runs through July 6, 2036, with 10% contractual rent increases every five years and three five-year renewal options extending potential tenant control through July 2051. The facility benefits from exclusive dialysis use protection and expansion rights on adjacent premises, reinforcing its long-term operational commitment at this location.
Surrounded by a dense, growing residential base, the property serves a trade area (ZIP 93722) with a population of over 86,000, median household income of $80,285, and a young median age of 32.3, supporting sustained demand for outpatient medical services. Fresno, the largest city in California's Central Valley, anchors a regional healthcare, agriculture, logistics, and employment hub with a city population of approximately 555,549 and a county population exceeding 1 million.
This offering provides investors the opportunity to acquire a recession-resistant, healthcare-anchored asset with investment-grade tenancy, contractual income growth, and a long-term lease structure in one of California's fastest-growing inland markets.
Location
State CA
County Fresno
Area Fsno - Fresno
Interior
Fireplace No
Laundry None
Exterior
Present Use See Remarks
Building
Lot Description Landscaped
Story 1
Water Public
Others
Tax ID 50237006
Special Listing Condition Standard
Listed by Elizabeth Brown Lee & Associates eabrown@lee-associates.com, DRE #01382494
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