4001 Tieton Dr - Office FOR SALE


Yakima, WA 98908
$1,969,000 USD
312-240-0162
4001 Tieton Dr, Yakima, WA for Sale
$1,969,000 USD
Office - FOR SALE
1/4
null | 6.25% Cap Rate

4001 Tieton Dr
Yakima, WA 98908


HIGHLIGHTS

  • Community Care Partners Corporate Lease Guaranty
  • Long-Term NNN Lease with Tenant Responsible for Roof
  • Annual 2.00% Rental Increases
  • Completely Renovated Site (2021)
  • Easy Access & High Visibility with Location on Hard, Signalized Corner Near Airport Within I-82 Corridor
  • Densely Populated & Affluent Demographics

OVERVIEW

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 107 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. 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.

FOR SALE DETAILS

PRICE

$1,969,000 USD

PRICE/SF

$452 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BestMed Urgent Care

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

B1

APN/PARCEL ID

181322-34438

ASK ABOUT THIS PROPERTY

Brandon DuffNorthmarqMore Info
312-240-0162

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Brandon DuffNorthmarqMore Info
312-240-0162

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.