5240 W Lowell Ave - Medical FOR SALE


Spokane, WA 99208- North Indian Trail
$2,200,000 USD
415-602-6339
5240 W Lowell Ave, Spokane, WA for Sale
$2,200,000 USD
Medical - FOR SALE
1/8
null | 7% Cap Rate

5240 W Lowell Ave
Spokane, WA 99208
North Indian Trail


HIGHLIGHTS

  • Over 9 Years Remaining | Corporate Signed Lease | Scheduled Rental Increases
  • Absolute NNN | Leasehold Ownership | Zero Landlord Responsibilities
  • Sundance Plaza (134,000 SF) | Northpointe Plaza (456,000 SF) |Franklin Park (296,000 SF) | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$215 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

DaVita | Abs NNN Leasehold

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

CC-2

APN/PARCEL ID

26222.0158

ASK ABOUT THIS PROPERTY

Jeff GatesSRS Real Estate PartnersMore Info
415-602-6339

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Jeff GatesSRS Real Estate PartnersMore Info
415-602-6339

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.