Retrofit instance created through Singleton pattern in Kotlin using lazy initialization

WebAccess.kt

package com.andresjakl.partslist

import android.util.Log
import com.jakewharton.retrofit2.adapter.kotlin.coroutines.CoroutineCallAdapterFactory
import retrofit2.Retrofit
import retrofit2.converter.moshi.MoshiConverterFactory

// Singleton pattern in Kotlin: https://kotlinlang.org/docs/reference/object-declarations.html#object-declarations
object WebAccess {
    val partsApi : PartsApiClient by lazy {
        Log.d("WebAccess", "Creating retrofit client")
        val retrofit = Retrofit.Builder()
                // The 10.0.2.2 address routes request from the Android emulator
                // to the localhost / 127.0.0.1 of the host PC
                .baseUrl("http://10.0.2.2:3000/")
                // Moshi maps JSON to classes
                .addConverterFactory(MoshiConverterFactory.create())
                // The call adapter handles threads
                .addCallAdapterFactory(CoroutineCallAdapterFactory())
                .build()

        // Create Retrofit client
        return@lazy retrofit.create(PartsApiClient::class.java)
    }
}