1601 Southgate Pl

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Address: 1601 County 1303 Rd, Pendleton, OR 97801, USA
Seattle & Northwest + Apartment Buildings
Created date: November 12, 2026
Date last updated: November 12, 2026
Price: $7,755,000Investment Analyzer NEW!
  • Long-Term Absolute-NNN Lease
  • 20-year primary term through 2044, 18+/- years remaining; tenant pays all taxes, insurance, maintenance, and capex.
  • Operated by Publicly-Traded PACS Group, which operates 300+ facilities across 17 states.
  • Managed through Providence Group NH, LLC — a subsidiary of PACS Group, Inc. (NYSE: PACS).
  • Built-In 2.5% Annual Rent Growth
  • Escalations every July 1 provide a 64% total base-rent increase over the primary term.
  • Purpose-Built Senior Housing
  • 33,250 SF, 44-unit assisted living community on 1.77 acres with 31 on-site parking stalls

Property Description

CAPACITY COMMERCIAL GROUP is pleased to announce the opportunity to own the well-located Long-Term Lease, Single Tenant investment located in Pendleton, Oregon. The McKay Creek Assisted Living is an excellent investment property. It offers long term stability with a 20-Year Lease Term in place. Additionally, this is a hands-off investment with the Tenant responsible for all expenses including capital costs. With easy access off Interstate-84, it serves the Greater Pendleton and Umatilla County Area.
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Broker Details

Charlie Kleier, CCIM
Charlie Kleier, CCIM

Capacity Commercial Group 360-946-4829

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $7,755,000
No. of Units: 44
Year Built: 2000
Lot Size: 1.77 Acres
Opportunity Zone: No
Price per unit: $176,250
Property Website Click Here
Address: 1601 Southgate Pl, Pendleton, OR 97801, USA
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