19930 Ballinger Way NE, Shoreline, WA 98155

A premier opportunity to acquire a mission-critical surgical center in the high-barrier Shoreline submarket. The asset is fully occupied by Eviva, a dominant Pacific Northwest bariatric and aesthetic practice with a 20-year track record. The facility features a specialized build-out, including two Class C operating rooms and recovery suites, creating a “sticky” tenant with high relocation costs.

Secured by a 5-year absolute NNN sale-leaseback, the investment offers a truly passive income stream with zero landlord responsibilities. As a Certificate of Need (CON) facility, the property is protected by significant regulatory barriers, as Washington State strictly limits the development of new competing surgical centers.

Eviva has strategically evolved its business model to leverage the rise of GLP-1 medications, utilizing them as a high-volume patient acquisition engine for its high-margin surgical and cosmetic divisions. With 3% annual rent escalations, this investment provides a powerful inflation hedge and compounding yield in a specialized, recession-resilient healthcare niche.