Spokane, WA - DaVita

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, corporate signed, DaVita investment property located in Spokane, WA. The tenant, Total Renal Care, Inc has over 9 years remaining on their lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase in Feb 2031 as well as 10% increases at the beginning of each option, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for an out of state investor. The DaVita is located along N Indian Trail Rd, which averages 17,300 vehicles passing by daily and is a major retail thoroughfare serving the city of Spokane. The property is situated within Sundance Plaza, a 134,000 square foot shopping center with national/credit tenants including Safeway, Ace Hardware, McDonald’s, and more. Additionally, the asset is positioned a few miles southwest of Northpointe Plaza, a 456,000 square power center with major tenants including Target, Dick’s Sporting Goods, Safeway, Best Buy, PetSmart, and more. Furthermore, the site is situated a few miles northwest from Franklin Park, a 296,000 square foot shopping center with major tenants including Trader Joe’s, Burlington, Ross Dress for Less, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Hobby Lobby, Grocery Outlet, WinCo Foods, Anytime Fitness, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 125,600 with an affluent average household income of $111,216.

The DaVita is located along N Indian Trail Rd, which averages 17,300 vehicles passing by daily and is a major retail thoroughfare serving the city of Spokane. The property is situated within Sundance Plaza, a 134,000 square foot shopping center with national/credit tenants including Safeway, Ace Hardware, McDonald’s, and more. Additionally, the asset is positioned a few miles southwest of Northpointe Plaza, a 456,000 square power center with major tenants including Target, Dick’s Sporting Goods, Safeway, Best Buy, PetSmart, and more. Furthermore, the site is situated a few miles northwest from Franklin Park, a 296,000 square foot shopping center with major tenants including Trader Joe’s, Burlington, Ross Dress for Less, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Hobby Lobby, Grocery Outlet, WinCo Foods, Anytime Fitness, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 125,600 with an affluent average household income of $111,216.

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Listing ID: a28TP000003KyO5YAK