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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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 32018-51-20001
  • 32018-51-20009
Land Assessment
$103,135
Improvements Assessment
$1,597,340
Total Assessment
$1,700,475
  • Listing ID: 29510529

  • Date on Market: 9/13/2023

  • Last Updated:

  • Address: 1930 Olympic Hwy N, Shelton, WA 98584

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