Single-Tenant Office Medical

DaVita Kidney Dialysis Center | Seattle MSA | 15Yr Lease | CON State w/ Very High Barriers to Entry

Listing Price: $4,247,664

Cap Rate
5.35%
Tenant Name
DaVita
Years Remaining On Lease
15.50
Gross SF
6,060
Guarantor
Corporate Guarantee
Rentable SF
6,060
Price/Gross SF
$700.93
Lease Type
Double Net
Rent Per Square Feet
$37.50

Investment Overview

Shelton is the county seat of Mason County, Washington, and is the westernmost city on Puget Sound. Mason County comprises the Shelton, WA Micropolitan Statistical Area and is included in the Seattle-Tacoma, WA Combined Statistical Area, which is the 15th largest Metropolitan Statistical Area (MSA) in the United States, with almost half of Washington’s population. Nestled at the edge of the world-renowned Olympic National Park, the City of Shelton is quiet and laid back, yet one of the best places for business in the state. As of 2020, seven states—Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming—levy no personal income tax.

Investment Highlights

  • 15 Year Corporate Backed Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and the Options. Brand New 2020 Construction w/ 20 Year Roof Warranty.
  • DaVita features a S&P Credit Rating of "BB" and a Moody's Rating of "Ba2" with Annual Revenues in Excess of $11.38B.
  • Providing Life Sustaining Treatments for Dialysis Patients - DaVita is one of the Nations Leading Provider of Products and Services for People with Chronic Kidney Failure.
  • Washington is a CON (Certificate of Need) State - Extremely Difficult and Time-Consuming to Develop, Acquire and Create New Healthcare Facilities - High Barriers of Entry to this Industry, thus Limiting Competition.
  • Walking Distance from Mason General Hospital - A Medical Facility, Serving all of Mason County and Surrounding Communities. Near many Medical Offices and Senior Citizen Centers.
  • In Close Proximity to Sanderson Field - A Public Lighted-Land Airport providing Economic Benefits to the Immediate Area.

Exclusively Listed By

Single-Tenant Office Medical

DaVita Kidney Dialysis Center | Seattle MSA | 15Yr Lease | CON State w/ Very High Barriers to Entry

Listing Price: $4,247,664

Cap Rate
5.35%
Tenant Name
DaVita
Years Remaining On Lease
15.50
Gross SF
6,060
Guarantor
Corporate Guarantee
Rentable SF
6,060
Price/Gross SF
$700.93
Lease Type
Double Net
Rent Per Square Feet
$37.50

Investment Highlights

  • 15 Year Corporate Backed Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and the Options. Brand New 2020 Construction w/ 20 Year Roof Warranty.
  • DaVita features a S&P Credit Rating of "BB" and a Moody's Rating of "Ba2" with Annual Revenues in Excess of $11.38B.
  • Providing Life Sustaining Treatments for Dialysis Patients - DaVita is one of the Nations Leading Provider of Products and Services for People with Chronic Kidney Failure.
  • Washington is a CON (Certificate of Need) State - Extremely Difficult and Time-Consuming to Develop, Acquire and Create New Healthcare Facilities - High Barriers of Entry to this Industry, thus Limiting Competition.
  • Walking Distance from Mason General Hospital - A Medical Facility, Serving all of Mason County and Surrounding Communities. Near many Medical Offices and Senior Citizen Centers.
  • In Close Proximity to Sanderson Field - A Public Lighted-Land Airport providing Economic Benefits to the Immediate Area.

Investment Overview

Shelton is the county seat of Mason County, Washington, and is the westernmost city on Puget Sound. Mason County comprises the Shelton, WA Micropolitan Statistical Area and is included in the Seattle-Tacoma, WA Combined Statistical Area, which is the 15th largest Metropolitan Statistical Area (MSA) in the United States, with almost half of Washington’s population. Nestled at the edge of the world-renowned Olympic National Park, the City of Shelton is quiet and laid back, yet one of the best places for business in the state. As of 2020, seven states—Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming—levy no personal income tax.

Exclusively Listed By

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