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1935 Thompson Rd, Coos Bay, OR, 97420

Davita Kidney Care
$3,974,246

Key Information

Cap Rate
6.5%
$ per SF
$587
Tot. SF
6,760
Year Built
2019
Term Remaining
±8.6 YRS
Type
Healthcare

Highlights

  • Corporate Guarantee – The DaVita Dialysis lease is backed by a corporate guarantee from DaVita, Inc. (S&P: “BB”), a Fortune 500® company and the leading provider of kidney care in the United States.
  • Leading Tenant – Over 3,000 outpatient dialysis centers which serve more than 250,000 patients in the US and abroad. This offering provides an investor with the opportunity to acquire a property containing a leading national medical tenant with a resilient business model.
  • Rapid Growth of the Dialysis Market – The global dialysis market is projected to reach $138.7 billion by 2030, growing at a compound annual growth rate of 5.1%.
  • Newest Prototype Design – This 2019 build-to-suit property features DaVita’s “Hope” prototype build, specifically designed to enhance operational efficiency and patient comfort.
  • Attractive Medical Synergy – Positioned directly across from Bay Area Hospital, the largest hospital on the Oregon Coast (172-bed facility), this trophy medical office building benefits from exceptional medical synergy. The surrounding district includes a concentration of healthcare providers such as Bay Clinic Pediatrics, North Bend Medical Center, and O’Bryan Advanced Dentistry, and more.
  • Strong Hours of Operation – This clinic operates 6 days a week from about 5:00 am to 4:00 pm, indicating strong patient demand and high occupancy levels.
  • Favorable Surrounding Demographics – Nearly 50,000 residents live within a 15-mile radius of the subject property, with the Coos Bay area boasting an average household income of $75,000.
  • Sole DaVita Clinic in Coos Bay – This is the only DaVita clinic serving the tenant’s network in Coos Bay, significantly reducing the risk of consolidation typically seen in multi-location markets.
  • Rapidly Growing Market – The Port of Coos Bay is set to receive $25 million in federal funding to advance its international cargo and rail terminal expansion. This initiative reflects Oregon’s commitment to strengthening its coastal economy, with projections of at least 8,000 new jobs and improved export access for regional businesses. The expansion is poised to deliver long-term economic gains for the Coos Bay area.

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Location

Agents

Financing Agents

Broker of Record

Tim Campbell

License # 790100087 (OR)
Campbell Commercial Real Estate
701 High Street, #300, Eugene, OR 97401