1890 NW 6th St - BestMed Urgent Care 3,238 SF Health Care Building Offered at $2,948,000 at a 6.50% Cap Rate in Grants Pass, OR 97526

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 1890 Northwest 6th Street in Grants Pass, Oregon (the “Property”). The Property is leased to Community Care Partners, LLC, DBA BestMed Urgent Care, and corporately guaranteed by CCP Holdings, LLC. BestMed is a leading provider of urgent care, primary care, and occupational medicine services in the Western U.S. with 37 clinics across ?ve states. BestMed is a part of the Community Care Partners network, a physician-owned and managed group of urgent care and primary care clinics that currently operates 107 facilities under four banners across seven states and is one of the fastest-growing companies in the country with 387% growth over the last three years. Community Care Partners is the 9h-largest independent urgent care operator in the U.S. as of May 2024.
Built in 2023, the Property is operating under a new 15-year NNN lease running through January 2038, followed by two, ?ve-year option periods. The lease features virtually no Landlord responsibility (structural obligations largely mitigated given new construction) and includes 2.00% annual rental increases.
The Property is positioned along a three-lane state highway (Oregon Hwy 99) two blocks from the I-5 Interchange (28,400+ VPD). The retail market is dense, with no developable land remaining in the immediate area. Recent developments nearby include a new Hampton Inn & Suites as well as In-n-Out Burger’s second location in the state of Oregon. Additionally, BestMed is one of only two urgent care facilities within a 26-mile radius, the only facility operated under a national banner, and the only freestanding facility with roadway frontage.
The City of Grants Pass has grown by double-digit percentages in fourteen of the last ?fteen decades, including 13.5% growth from 2010 to 2020 and 124.1% over the last 30 years. It has never experienced a population loss decade-over-decade since record-keeping began in 1880.
In Association With: Matt Lipson, OR Lic. #201225340