Fresenius NNN Property For Sale — Olympia, WA
3406 12th Ave NE, Olympia, WA 98506
This exceptional two-tenant, NNN leased medical office/retail investment offers a compelling opportunity in Olympia, Washington. With both Fresenius clinic and office spaces fully leased for approximately 11 years, the property guarantees stable income. Annual rent increases of 1.7% provide a hedge against inflation and consistent NOI growth. Strategically located near major thoroughfares, including Interstate 5, and in close proximity to Providence St. Peter Hospital, the asset benefits from high traffic and strong patient accessibility. The surrounding area boasts a robust retail presence with national tenants and a large residential consumer base, further enhancing the property's investment appeal. This offering presents a secure and attractive investment in a thriving market.
- Address: 3406 12th Ave NE, Olympia, WA 98506
- Asking price $15.35M
- 5.20% cap rate
- NOI $798,404
- 11 years remaining
- NNN lease
- Building size: 15,500 SF
- Lot size: 2.03 acres
- Rent increases: 1.7% annual increases; Lesser of FMV or 10% at options
- Guarantor: Corporate
Location
This Fresenius property is at 3406 12th Ave NE in Olympia, Washington.
Asset type: Office