1055 Redwood AveGrants Pass, OR 97527

Property Details for 1055 Redwood Ave

Year built

1980

Lot size

1.17 AC

Property size (Sq ft)

13,182 SF

Zone code

GC; GENERAL COMM

Property type

Commercial real estate

APN

36-06-24-DD-000100

APU

360624DD000100

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $2,973,062

  Hospitality

  $2,723,309

  Educational

  $2,265,761

  Medical

  $2,343,684

  Retail

  $3,524,517

Location Insight

City

Grants Pass

County

Josephine

State

Oregon

Latitude

42.4221

Longitude

-123.35

CBSA code

24420

CBSA name

GRANTS PASS, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].