1930 Olympic Hwy N | Shelton, WA 98584
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1930 Olympic Hwy N
Shelton, WA 98584
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Built in 2021, DaVita Dialysis has a 13-year lease remaining, with 3 additional 5-year options.
- Corporate guaranty provided by DaVita Inc.
- DaVita Dialysis is a publicly traded company with over 3,500 locations nationally and a 37% market share in the US dialysis market.
- NNN lease structure with 10% rent escalations every 5-years through firm term and option periods.
- First 10% rental escalation is effective in 2026 building the cap rate to over 6%
- Washington is an income tax free state.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,060 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.51 AC
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,597,340 | |
| Land Assessment | $103,135 | Total Assessment | $1,700,475 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$103,135
Improvements Assessment
$1,597,340
Total Assessment
$1,700,475
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