Kadlec Urgent Care (Providence Health)

The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire the single tenant Kadlec Urgent Care in Kennewick, WA.​ The corporate lease is with Providence Health & Services (parent company) operates 51 hospitals and over 1,000 clinics and is one of the largest health systems in the US.​ The Tenant just exercised their first option and has over 5 years of least term remaining with one 5-year option period.​ With strong 3% annual rent increases and minimal landlord responsibilities, this asset is ideal for a hands-off investor seeking inflation resistant cash flows.​

Located within a certified opportunity zone, the 7,111 SF building on large 4.17-acre parcel is positioned along W Clearwater Avenue (24,000 VPD) and has long term upside potential with approximately 2 acres of development excess land.​ Nearby retailers include WinCoFoods, Safeway, REI, Harbor Freight, Maverik, Walgreens, McDonald’s, Starbucks, Dutch Bros Coffee, Carl’s Jr.​ and more.​

This is a great opportunity to purchase a net leased medical/retail asset in Washington with a strong national healthcare provider, above average rent increases and development potential providing internet resistant income for years to come.​

• 3.0% Annual Increases – Recent 5 Year Option Extension

• Large 4.17 Acre Land Parcel with Undeveloped Land

• Approximately 2 Acres of Excess Land – Long Term Upside Potential

• Corporate Lease - Providence Health & Services - One of the Largest Health Systems in the Unites States

• Recently Extended Lease – Over 5 Years Remaining in Primary Term – One 5-Year Option

• Positioned on W Clearwater Avenue – Traffic Count Exceeding 24,000 VPD - Certified Opportunity Zone

• Within Tri-Cities Region of Washington – Population Surpassing 320,000 Residents

• Strong Demographics – Over 180,500 Residents within 5 Mile Radius

• Average Household Income Over $111,500 within 5 Mile Radius