A 7,210 square foot medical office building at 351 S. Main Street in Freeport sold for $2.92 million in May 2025 — a 6.71% cap rate. The property is single-tenant NNN, leased to DaVita, which operates the Freeport Kidney Care Center. Five years remain on the initial lease term with three five-year renewal options. The buyer was the Javid family, local commercial real estate investors. This transaction was covered by Long Island Business News.
DaVita is a publicly traded company operating dialysis centers nationwide — exactly the kind of credit tenant that makes a NNN deal compelling. Long lease, national operator, medical use. If you own something similar and are thinking about your options, give me a call.