Providence Regional Cancer System NNN Property For Sale — Centralia, WA · 21,652 SF
Centralia, WA 98531
Exceptional hospital-adjacent medical office investment opportunity situated on ±3.15 acres directly adjacent to Providence Centralia Hospital. The ±21,652-square-foot facility is 100% leased to Providence Regional Cancer System, featuring over 12 years of remaining lease term anchored by a newly executed 10-year renewal commencing in 2029. The lease structure provides hands-off NNN tenancy with day-to-day maintenance shifted to the tenant, initial renewal rent of $29.00/SF NNN ($627,908 annual base rent), and 3.0% annual rent escalations beginning in Year 4, followed by three 10-year renewal options. Strategically located in Lewis County's primary healthcare corridor along Interstate 5 between Seattle and Portland.
- Address: Centralia, WA 98531
- Asking price $9.75M
- 6.00% cap rate
- NOI $587,000
- 12 years remaining
- NNN lease
- Building size: 21,652 SF
- Lot size: 3.15 acres
- Rent increases: 3% annually beginning Year 4
- Guarantor: Corporate
Location
This Providence Regional Cancer System property is in Centralia, Washington.
Asset type: Medical