1055 Redwood Ave Grants Pass, OR 97527-5525

This exceptional investment opportunity presents a 13,000-square-foot, two-story DaVita Dialysis Center in Grants Pass, Oregon. The property, built in 1980 and renovated in 2022, sits on a 1.2-acre lot at 1055 Redwood Ave, 97527. Currently operating at 100% occupancy, the property boasts a strong net operating income (NOI) of $200,778, yielding a 6.50% capitalization rate. The asking price is $3,089,000, translating to $237.62 per square foot. The lease, a triple-net (NNN) agreement with a corporate guarantee from DaVita Inc., a Fortune 500 company, extends to December 31, 2032, offering 8.1 years of remaining term. Rent escalations are built in, with a 3.0% increase in 2026 and an average of 2.9% annually thereafter. Two five-year lease renewal options further enhance the investment's long-term stability. The tenant is responsible for all expenses except for the building structure, roof, and parking area, which were recently maintained (parking area resealed in 2022, roof inspected and cleaned in 2023). The property benefits from its proximity to Asante Three Rivers Hospital, a major healthcare provider in the region, and a strong demographic profile with high household incomes within a five-mile radius. This is a rare opportunity to acquire a stable, high-performing medical investment with significant upside potential.