4679 W Spruce

Lee Associates is pleased to present the opportunity to acquire a purposebuilt singletenant dialysis facility netleased to DaVita Kidney Care NYSE DVA one of the nations leading kidney care providers with over 2650 US centers approximately 200000 patients served and 128B in 2024 consolidated revenueConstructed in 2021 the 12960squarefoot medical facility sits on a 153acre 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 daytoday maintenance providing a lowmanagement investment with minimal landlord responsibilityThe lease runs through July 6 2036 with 10 contractual rent increases every five years and three fiveyear 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 longterm operational commitment at this locationSurrounded by a dense growing residential base the property serves a trade area ZIP 93722 with a population of over 86000 median household income of 80285 and a young median age of 323 supporting sustained demand for outpatient medical services Fresno the largest city in Californias Central Valley anchors a regional healthcare agriculture logistics and employment hub with a city population of approximately 555549 and a county population exceeding 1 millionThis offering provides investors the opportunity to acquire a recessionresistant healthcareanchored asset with investmentgrade tenancy contractual income growth and a longterm lease structure in one of Californias fastestgrowing inland markets