BestMed Urgent Care - Yakima, WA
6.40% Cap Rate | Long-Term NNN Lease | Hard, Signalized Corner | Affluent Demographics
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CONTACT BROKER DIRECTLY
Mack Wolfgram
+1 312.777.2454
[email protected]
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Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the fee-simple interest in the single-tenant urgent care facility located at 4001 Tieton Drive in Yakima, Washington (the “Property”). The Property is leased to Community Care Partners, LLC, DBA BestMed Urgent Care, and corporately guaranteed by CCP Holdings, LLC (107 units). BestMed is a leading provider of urgent care, primary care and occupational medicine services in the Western U.S. with 38 clinics across four states. BestMed is a part of the Community Care Partners (“CCP”) network, a physician-owned and managed group of urgent care and primary care clinics that operates 100+ facilities under four banners in six states and is one of the fastest-growing companies in the country with 464% growth over the last three years. As of January 2025, CCP is the 9th-largest independent urgent care operator in the U.S., having moved from 11th to 9th in just the last year alone.
Renovated in 2021 for BestMed, the Property is operating under a highly passive 15-year NNN lease running through November 2036, followed by two, five-year option periods. The lease features virtually no Landlord responsibility (Tenant is fully responsible for roof) and includes 2.00% annual rental increases with 11+ years remaining.
The Property is positioned at the hard, signalized corner of two major arterials, offering eight lanes of traffic. It is directly across from one of the largest high schools in all of Washington (Eisenhower High School – 2,240+ enrollment), offers a convenient alternative for medical care near Yakima Memorial Hospital (less than one-mile east; 238-bed, level III adult and pediatric trauma center) and is within two miles of a regional airport. Additionally, it is less than five miles from Interstate 82, the primary link between Seattle and Salt Lake City.
Investment highlights
Community Care Partners Corporate Lease Guaranty
Long-Term NNN Lease with Tenant Responsible for Roof
Annual 2.00% Rental Increases
Rent/SF ±30% Below National Urgent Care Average
Completely Renovated Site (2021)
Investment Opportunity in Rapidly Growing Urgent Care Industry
Central Washington Hub with Close Access to Major Northwest Population Centers
Easy Access & High Visibility with Location on Hard, Signalized Corner Near Airport Within I-82 Corridor
Densely Populated & Affluent Demographics
Rapidly Growing Market
Adjacent to One of the State's Largest High Schools
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