CAP RATE: 6.00%
BUILDING SIZE: 4,000 Sq Ft
YEAR BUILT: 2021
LOT SIZE: +/- 1.45 Acres
- Corporate Guaranty from Community Care Partners (90+ Units) – BestMed began in 2008 with a single clinic with nine employees in Eugene, Oregon. SouthStar Urgent Care was founded in 2011 in Lafayette, Louisiana. Today, under the Community Care Partners umbrella, the brands operate over ninety clinics across seven states — Oregon, Washington, Montana, Wyoming, Colorado, Louisiana, and Texas.
- 12+ Years Remaining | 2.00% Annual Rental Increases – The CCP Holdings. LLC corporate guaranteed lease which has over 12 years remaining on initial lease term with two, five-year options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and continuing into the option periods, growing NOI and hedging against inflation.
- Brand New 2021 Construction | NNN Lease with Limited Landlord Responsibilities – The subject property was a brand new build to suit for BestMed Urgent Care in 2021 and a strategic location in the main retail corridor in Lebanon, OR. The Tenant pays for CAM, taxes, and insurance and the Landlord’s responsibilities are limited to outer four walls & foundation only. This property is an ideal, low-management investment for a passive investor.
- Across from Walmart Supercenter | Strong Real Estate Fundamentals – The subject property is ideally positioned on the main retail corridor in Lebanon, OR and sits directly across the street from a Walmart Supercenter, which benefits from over 1,590,000 visitors annually. Because of the property’s strong positioning, it also benefits from over 19,000 cars per day on South Santiam Highway.