Hermiston, OR - BestMed

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, freestanding, BestMed Urgent Care investment property located in Hermiston, Oregon. The tenant, Community Care Partners, LLC has approximately 14 years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

The property is located along N 1st St, which averages 20,000 vehicles passing by daily and is the major retail thoroughfare serving the city of Hermiston. The BestMed Urgent Care is an outparcel to a Home Depot anchored center that also features another national/credit tenant in Aaron’s Furniture Store. Additionally, the asset is less than a few miles north of Hermiston Plaza, a 150,000 square foot Safeway and Big Lots anchored center. Furthermore, BestMed Urgent Care is positioned less than a mile northeast of Good Shepherd Health Care System, a 24/7 hospital with 25 staffed hospital beds. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Grocery Outlet, Dollar Tree, Marshalls, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 76,000 with an average household income of $58,000.