DaVita
Second-largest US dialysis operator, rated BB by S&P, with a slowly shrinking US clinic count as it consolidates underused sites. Leases are sticky but often signed by joint-venture subsidiaries, so confirm DaVita Inc. guarantees.
- US units
- 2,671
- Q2 2026
- 3Y net growth
- −1.9%
- vs. FY2022
- Credit rating
- BB
- Sub-investment grade
- Typical term
- 10-15 yr
- NN (roof & structure landlord)
- Model
- Corporate
- Public
Unit count
DaVita in the news
All news →No tagged headlines in the last three weeks.
DaVita net lease FAQ
What is DaVita's credit rating?
DaVita is rated BB, which is below investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many DaVita locations are there in the US?
DaVita reported about 2,671 US locations as of Q2 2026. That is −1.9% versus 2,724 in FY2022.
What does a typical DaVita net lease look like?
Lease type: NN (roof & structure landlord). Initial term: 10-15 yr. Rent increases: ~10% every 5 yr. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is DaVita corporate or franchised?
Operating model: Corporate. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.