Skip to main content

Single-Tenant Office Medical

BestMed Urgent Care | Corporate Guaranty (90+ Units) | 12+ Years Remaining | 2.00% Annual Increases

3400 Cooperative Wy, Lebanon, OR 97355

Listing Price: $2,527,000

Cap Rate
6.00%
Tenant Name
Community Care Partners, LLC
Years Remaining On Lease
12.5
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.90

Investment Overview

The Sulo Group is pleased to present a BestMed Urgent Care located in Lebanon, OR (Salem MSA).

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.

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.

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.

Investment Highlights

  • Corporate Guaranty from Community Care Partners (90+ Units)
  • 12+ Years Remaining | 2.00% Annual Rental Increases
  • Brand New 2021 Construction | NNN Lease with Limited Landlord Responsibilities
  • Across from Walmart Supercenter | Strong Real Estate Fundamentals

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s) OR: 201224889

    Oregon

Financing By

Single-Tenant Office Medical

BestMed Urgent Care | Corporate Guaranty (90+ Units) | 12+ Years Remaining | 2.00% Annual Increases

Listing Price: $2,527,000

Cap Rate
6.00%
Tenant Name
Community Care Partners, LLC
Years Remaining On Lease
12.5
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.90

Investment Highlights

  • Corporate Guaranty from Community Care Partners (90+ Units)
  • 12+ Years Remaining | 2.00% Annual Rental Increases
  • Brand New 2021 Construction | NNN Lease with Limited Landlord Responsibilities
  • Across from Walmart Supercenter | Strong Real Estate Fundamentals

Investment Overview

The Sulo Group is pleased to present a BestMed Urgent Care located in Lebanon, OR (Salem MSA). 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. 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. 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.

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s): OR: 201224889

    Oregon

Financing By

MM Texture Background
MM Textured Background Lower