DaVita Dialysis

1905 Market Way, Watertown, WI 53094

Price: $3,120,000
CAP Rate: 4.61%
NOI: $143,702
Net Rentable Area: 5,755 SF
Lot Size: 2.75 Acres
Year Built: 2019
Status: SOLD

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

Property Details

Disclaimer:

The representation contained on this internet page has been secured from sources deemed to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. The information has not been independently verified. Principals are advised to conduct a thorough due diligence review for any potential transaction. Marcus & Millichap Real Estate Investment Services name and logo are used herein for informational purposes only as well as to identify brokerage affiliation.

EXCLUSIVE LISTINGS

Arby's

  • RARE SUB-$1 MILLION PRICE POINT
    Attractive investment opportunity priced under $1 million, rarely available for a nationally branded tenant

  • ABSOLUTE NNN LEASE STRUCTURE
    Absolute triple-net lease with zero landlord responsibilities, providing a truly passive, hands-off investment opportunity

  • LONG TERM INVESTMENT
    Over 8 years remaining on the lease term, offering steady and stable long-term income

  • EXPERIENCED OPERATOR & STRONG PERFORMING LOCATION
    Backed by a proven Arby’s franchisee, RMI successfully operates 68 locations and, according to Placer.ai, this site is ranked in the top third of all Arby’s in the U.S. with consistent increases in YOY annual visits

  • PRIME BETHEL LOCATION
    Located along W Plane Street, a main commercial corridor in Bethel, OH, surrounded by established retailers and steady daily traffic

  • GROWING TRADE AREA
    The Bethel area continues to experience residential expansion and new retail development, contributing to sustained local growth and consumer demand

Bethel, OH

Price: 

$813,965

CAP: 

5.75%

NOI: 

$46,803

Dutch Bros Coffee

  • BRAND NEW 15 YEAR NNN GROUND LEASE
    Scheduled to open for business by end of year 2025
  • BRAND NEW 2025 CONSTRUCTION
    Newly constructed building with large double stack drive-thru
  • ZERO LANDLORD RESPONSIBILITIES
    Ideal for hands off investors, the tenant is responsible for all aspects of maintenance and property management
  • STRONG TENANT & CORPORATE GUARANTEE
    Dutch Bros (NYSE:BROS) is one of the fastest growing brands in the quick service beverage industry, now with over 1,045 locations in 23 states
  • RAPIDLY GROWING SOUTHERN CALIFORNIA MARKET
    Lake Elsinore has experienced tremendous growth in recent years, driven by rapid population increases, new residential and commercial developments, and expanding infrastructure
  • HIGH VISIBILITY OUTPAD
    Strategically located on one of the area’s main corridors, in a busy shopping center, anchored by a high performing Stater Bros Market

Lake Elsinore, CA

Price: 

$2,874,000

CAP: 

4.35%

NOI: 

$125,000

Burger King

  • ABSOLUTE NNN LEASE STRUCTURE
    Absolute triple net (NNN) lease with zero landlord responsibilities, offering a truly passive “hands-off” opportunity

  • LONG-TERM CORPORATE GUARANTEE
    With over 10 years remaining, the lease is backed by a strong corporate guarantee, from one of the nation’s leading quick-service restaurant brands

  • ADDITIONAL BILLBOARD INCOME
    Property includes an on-site billboard generating supplementary income, enhancing the overall yield and investment return

  • UPCOMING REMODEL
    The site is scheduled for an upcoming remodel, demonstrating the tenant’s long-term commitment and investment in the location

  • PRIME KNOXVILLE LOCATION
    Strategically situated 750 ft from I-75 off-ramp on Merchant Drive, a dense retail corridor surrounded by strong national retailers and consistent consumer traffic

  • TAX-FREE STATE
    Tennessee is a tax-free state, and provides investors with a more “landlord friendly” atmosphere

Knoxville, TN

Price: 

$1,845,949

CAP: 

5.85%

NOI: 

$107,988

Dollar Tree

  • ABSOLUTE NNN LEASE
    Passive ownership with zero landlord responsibilities, providing a stable “hands off” investment

  • PROVEN LOCATION & LIMITED COMPETITION
    Long standing dollar store location ensures strong customer loyalty, the nearest national dollar store is located over 1.6-miles NW of the subject site

  • BELOW MARKET RENT
    Offers future upside for development opportunity should the tenant ever vacate

  • INVESTMENT-GRADE TENANCY
    Strong corporate guaranty, backed by Dollar Tree, Inc. (S&P: BBB), a leading national retailer with over 8,800 stores

  • DENSELY POPULATED LOS ANGELES SUBURB (North Hollywood)
    Located in a highly populated San Fernando Valley trade and residential area, with over 300,000 residents living within 3-miles of the site

  • SMART & FINAL-ANCHORED SHOPPING CENTER
    Strategically positioned within a busy, established retail center that benefits from cross-shopping and high daily traffic

North Hollywood, CA

Price: 

$4,326,000

CAP: 

4.50%

NOI: 

$194,688

Caliber Collision

  • BRAND NEW CONSTRUCTION
    State-of-the-art, built-to-suit facility scheduled to open for business in January 2026

  • ABSOLUTE NNN LEASE
    Passive, long term 15-year corporate lease with zero landlord responsibilities, featuring built in regular rent increases to hedge against inflation

  • STRONG CORPORATE GUARANTY
    Backed by Wand Newco, Caliber Collision is the #1 collision repair company in the U.S., with over 1,800 locations nationwide

  • RECESSION RESISTANT INDUSTRY
    The automotive repair sector is a resilient industry that consistently demonstrates stable demand even during economic downturns

  • TAX-FREE ADVANTAGE
    Texas is an income tax-free state, enhancing potential investor returns

  • WELL POSITIONED RETAIL CORRIDOR
    Located on a busy thoroughfare, right off I-69, just 1 mile from IAH int’l airport, across from large Amazon facility, and surrounded by large destination retailers, Walmart, Sam’s Club, and the Deerbrook Mall

Humble TX (Houston MSA)

Price: 

$6,663,843

CAP: 

5.75%

NOI: 

$383,171

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