198 Ponderosa Rd Colville, WA 99114
Leased medical facility with corporate guarantee and minimal landlord responsibility.
Property size:
6,043 SFProperty Features for 198 Ponderosa Rd
General Information
- Size
- 6,043 SF
Building Details
- Year built
- 2002
Source:
Naiglobal
Listing Agent: Andrew Black
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Colville Medical Facility Investment
This stand-alone medical facility, totaling 6,043 square feet on 1.28 acres, is currently leased to Davita Dialysis and subleased to Monumental Chiropractic. Originally constructed in 2002 and fully redeveloped in 2015, the property benefits from frontage on Highway 395, a primary north-south corridor connecting Colville to Spokane. The corporate-guaranteed lease has over 5 years remaining, delivering cash flow with scheduled rent increases and minimal landlord obligations under an absolute NNN lease structure where the tenant is responsible for taxes, insurance, utilities, and nearly all repairs and capital expenditures. The lease commenced on June 15, 2025, and expires on June 14, 2030, with 4.75 years remaining. The tenant, DaVita Healthcare Partners, Inc., has two 5-year renewal options. The property's location near medical and senior housing enhances tenant stability and investment security. Colville, Washington, located 73 miles north of Spokane in Stevens County, offers a business-friendly environment with connectivity via Highway 395 and Colville Municipal Airport. The property is suited for long-term medical investment.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
DaVita Echo Valley ...
Dialysis Center
Monumental Health and Wellness
Chiropractor
Location Insight
- Map
- Local Demand
- City
- Colville
- County
- Stevens
- State
- Washington
- Longitude
- -117.923218
- Latitude
- 48.558325
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FAQs
What type of property is this?
Medical office - Leased medical facility with corporate guarantee and minimal landlord responsibility.
Where is this medical office located?
The property is located at 198 Ponderosa Rd Colville, WA.
What is the asking price?
The asking price for this property is $1,630,000.
What are key features of this property?
This property features: - Corporate-guaranteed lease with DaVita Healthcare Partners, Inc. provides secure cash flow.; - Absolute NNN lease structure minimizes landlord responsibilities.; - Property was completely redeveloped in 2015.