Redeveloped Medical Facility with NNN
198 Ponderosa Road Colville, WA 99114
198 Ponderosa Road, Colville, WA, 99114
$1,630,000
For Sale
$1,630,000
Stand-alone dialysis and chiropractic facility on an absolute NNN structure with strong, investment-grade tenant support.
Property Size6,043 SF
Lot Size1.28 Acres
Price / SF$269.73
Days on Market47
Property Features for 198 Ponderosa Road
General Information
- Standard status
- Active
- Size
- 6,043 SF
- Lot size
- 1.28 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2002
Listing Agency
Black Commercial, Inc.
(509) 623-1000
Listed by
Andrew Black · License ##125783
Source
Naiblack
Added: Jun 2 Checked: Jul 17 at 4:08 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Black Commercial, Inc.
Investment Insights
Based on property information with market context.
This stand-alone medical facility was originally built in 2002 and fully redeveloped in 2015. It is currently leased to DaVita Dialysis and subleased in its entirety to Monumental Chiropractic, providing dedicated occupancy under a single-property arrangement. The offering totals 6,043 SF and sits on 1.28 acres, and it is presented with an absolute NNN lease structure.
The property benefits from excellent frontage along Highway 395, the primary north-south corridor connecting Colville to Spokane. The stand-alone site configuration supports straightforward operations and visibility for healthcare users and their staff.
For investors seeking a stabilized healthcare asset, the lease is supported by an investment-grade corporate guarantee tied to DaVita Healthcare Partners, with an additional guarantee. The lease is scheduled to commence June 15, 2025 and expires June 14, 2030, with approximately 4.75 years remaining at the time of offering. Tenant responsibility under the absolute NNN lease includes taxes, insurance, utilities, and nearly all repairs and capital expenditures, helping keep landlord responsibilities minimal. Renewal options include two additional five-year terms.
The property benefits from excellent frontage along Highway 395, the primary north-south corridor connecting Colville to Spokane. The stand-alone site configuration supports straightforward operations and visibility for healthcare users and their staff.
For investors seeking a stabilized healthcare asset, the lease is supported by an investment-grade corporate guarantee tied to DaVita Healthcare Partners, with an additional guarantee. The lease is scheduled to commence June 15, 2025 and expires June 14, 2030, with approximately 4.75 years remaining at the time of offering. Tenant responsibility under the absolute NNN lease includes taxes, insurance, utilities, and nearly all repairs and capital expenditures, helping keep landlord responsibilities minimal. Renewal options include two additional five-year terms.
Key Highlights
- Stand‑alone medical facility totaling 6,043 SF on 1.28 acres, originally built in 2002 and fully redeveloped in 2015.
- Absolute NNN lease structure: tenant responsible for taxes, insurance, utilities, and nearly all repairs & capital expenditures.
- Currently leased to DaVita Healthcare Partners, Inc. and subleased in its entirety to Monumental Chiropractic, LLC.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.4k | $23.40 |
| − Vacancy | −$11.3k | −$1.87 |
| EGI | $130.1k | $21.53 |
| − OpEx | −$52.0k | −$8.61 |
| NOI | $78.1k | $12.92 |
6,043 SF · lease $23.40/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.12M
$975.7K – $1.30M
NOI $78,056 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,137 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
DaVita Echo Valley ...
Medical Clinic
Monumental Health and Wellness
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Stand-alone dialysis and chiropractic facility on an absolute NNN structure with strong, investment-grade tenant support.
Where is this medical center located?
The property is located at 198 Ponderosa Road 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: Stand‑alone medical facility totaling 6,043 SF on 1.28 acres, originally built in 2002 and fully redeveloped in 2015.; Absolute NNN lease structure: tenant responsible for taxes, insurance, utilities, and nearly all repairs & capital expenditures.; Currently leased to DaVita Healthcare Partners, Inc. and subleased in its entirety to Monumental Chiropractic, LLC.
