REPRESENTATIVE PICTURE Actual Site Photo DAVITA EXCLUSIVLY LISTED BY: Brian Mayer RICHLAND, WASHINGTON National Retail Group 206.826.5716 1315 Aaron Drive, Richland, WA 99352
[email protected] DaVita | 1 PROPERTY HIGHLIGHTS INVESTMENT GRADE TENANT: 10+ YEAR HISTORICAL OCCUPANCY: Nation’s leading provider of kidney dialysis Build to Suit for DaVita in 2008, the Tenant services and a Fortune 500 company, has occupied the property for over 10 DaVita generated $10.88 Billion in net years. revenue in 2017. S&P Investment Grade Rating of BB. EARLY LEASE EXTENSION: MINIMAL LANDLORD RESPONSIBILITIES: In December 2018, DaVita exercised its Tenant is responsible for taxes, insurance first 5-year option, as well as exercising its and CAM’s. Landlord is responsible for roof, second 5-year option early, for a combined structure and limited capital expenditures. 10-year renewal period. SIGNIFICANT TENANT CAPITAL EXPENDITURES: MANAGEMENT FEE REIMBURSEMENT: Tenant contributed approximately $1.5 Lease allows Landlord to collect a million towards its build-out in 2008, and is management fee as additional rent. A slated to contribute an additional $250,000 management fee equal to 6% of base rent in 2019. is currently being collected. HIGHWAY VISIBILITY & ACCESS: PROXIMITY TO MAJOR MEDICAL CAMPUS: Features easy access and excellent visibility In close proximity to the Tri-Cities major from Interstate 182 (69,000 VPD), Highway medical campus, including Kadlec Regional 240 (46,000 VPD) and George Washington Medical Center, Lourdes Health and Seattle Way (41,000 VPD). Children’s’ Hospital. ANNUAL RENTAL INCREASES: DENSELY POPULATED AFFLUENT AREA: Lease benefits from 2% annual increases Features an average household income of in the initial Lease Term and 2.5% annual $93,558 within 5 miles, and a population increases in the Option Period.