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Davita Dialysis | Monumental Chiropractic 198 Ponderosa Rd 6,043 SF Retail Building Colville, WA 99114 $2,268,370 CAD ($375.37 CAD/SF) 7.02% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Investment Grade Guarantee
  • Recent 10% Rental Increase for Strong Cash Flow
  • Absolute NNN Lease, Minimal Landlord Responsibility
  • Corporate Guarantee
  • Property Completely Redeveloped in 2015

EXECUTIVE SUMMARY

NAI Black is pleased to present the exclusive offering of a stand-alone medical facility currently leased to Davita Dialysis and subleased in its entirety to Monumental Chiropractic. Originally built in 2002 and fully redeveloped in 2015, the property totals 6,043 SF on 1.28 Acres. The site benefits from excellent frontage along Highway 395, the primary north-south corridor connecting Colville to Spokane. With over 5 years remaining on the corporate-guaranteed lease, the property delivers secure cash flow with scheduled rent increases and minimal landlord obligations. Its strategic location near medical and senior housing provides further enhances tenant stability and investment security. Colville, WA is a vibrant community in Stevens County, located 73 miles north of Spokane. The area offers a business-friendly environment with strong community roots and connectivity via Highway 395 and Colville Municipal Airport. This location combines scenic living with consistent healthcare demand, making it ideal for long-term medical investment.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,043 SF
Building Class
B
Year Built/Renovated
2002/2015
Price
$2,268,370 CAD
Price Per SF
$375.37 CAD
Cap Rate
7.02%
NOI
$159,274 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.28 AC
Zoning
C-3 - General Commercial

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Monumental Chiropractic
  • Services
  • 6,043 SF
  • $26.33 CAD
  • Triple Net
  • Jun 2030
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Monumental Chiropractic Services 6,043 SF $26.33 CAD Triple Net Jun 2030

NEARBY MAJOR RETAILERS

Horizon Credit Union
Toyota
Safeway
WaFd Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0043255
Land Assessment
$160,680 CAD
Improvements Assessment
$1,248,312 CAD
Total Assessment
$1,408,991 CAD
  • Listing ID: 37963893

  • Date on Market: 2025-10-06

  • Last Updated:

  • Address: 198 Ponderosa Rd, Colville, WA 99114

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