DaVita Dialysis
NEW 2025 DAVITA DIALYSIS WITH 13+ Years of Remaining Lease Term
Marketing description
The Offering presents the opportunity to acquire a newly constructed, freestanding DaVita Dialysis located at 5820 Road 68 in Pasco, Washington. Built in 2025, the 11,500-square-foot asset is leased to DaVita with over 13 years of primary term remaining through March 31, 2040. The lease features 8% rental increases every five years, beginning in 2030, providing consistent, contractual income growth throughout the initial term and each of the three, five-year renewal options.
The Property provides investors with durable healthcare real estate backed by one of the nation’s largest dialysis operators. Positioned just off Road 68, the Property benefits from significant surrounding development, including the newly delivered 35,000-square-foot Columbia Basin Health Association Center, reinforcing the area’s continued expansion and long-term demand for healthcare services. The Property is located within the Sandifur Crossing Shopping Center, which draws approximately 2.2 million annual visits, according to Placer.ai.
Investment highlights
- Long-Term Lease with 13+ Years Remaining: DaVita is committed through March 31, 2040, providing stable, long-term cash flow with additional extension options.
- New 2025 Build-to-Suit Construction: Freestanding dialysis facility designed specifically for tenant operations, minimizing near-term capital needs.
- Attractive Contractual Rent Growth: Lease features 8% rental increases every five years, providing consistent income growth throughout the lease term and option periods.
- Leading National Healthcare Tenant: Leased to DaVita Dialysis, the largest dialysis provider in the United States, operating an extensive outpatient network serving a recurring patient base with over 2,600 clinics.
- Freestanding Single-Tenant Asset: Simplified ownership structure with no shared tenancy, offering operational efficiency and clear long-term leasing profile.
- Proximate to New Medical Facility Along Road 68: Located directly across from the newly delivered 35,000-square-foot Columbia Basin Health Association clinic along Road 68, a primary Pasco thoroughfare serving a growing residential trade area.
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