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Shopping Strip

CareNow Urgent Care (10 Yr Lease) Shops

6200 W Eldorado Pkwy, McKinney, TX 75070

Listing Price: $3,924,000

Cap Rate
5.50%
Gross SF
5,251
Rentable SF
5,251
Price/Gross SF
$747.29
Lot Size
1.03 acres
Year Built
2005

Investment Overview

With more than 150 urgent care clinics around the United States, CareNow serves patients near their home, workplace or school. CareNow clinics are open seven days a week and stay open late to provide care when its needed the most. CareNow urgent care centers are accredited through the Urgent Care Association (UCA), the highest level of distinction for urgent care earned through a detailed survey and onsite visits with UCA accreditation surveyors. Dragonfly Martial Arts have been serving the North Texas community for 20 plus years providing quality martial arts education in a fun, family-friendly atmosphere. With multiple classes for ages ranging from 3 year-olds to adults, various programs, and summer camp available, Dragonfly’s structured classes are meant to help all kids and students develop coordination, physical fitness, mental strength, and valuable social skills. Located 30 miles north of downtown Dallas and 25 minutes from the Dallas-Fort Worth International Airport, McKinney is part of the Dallas-Fort Worth-Arlington MSA, the 4th largest metropolitan area in the country. And, according to the 2018 U.S. Census, McKinney is the 6th Fastest Growing City in the United States.

Investment Highlights

  • Brand New Triple-Net (NNN) Leases with Two Established Tenants
  • CareNow Urgent Care (10-Year Lease) has 10 Percent Rental Increases Every Five Years; DragonFly is Relocating from Across the Street
  • 265,387 Residents within a Five-Mile Radius - Dallas-Fort Worth-Arlington MSA
  • Property is Currently Undergoing Renovations - Future Residual Value in the Existing Drive-Thru
  • High Visibility Location at Signalized Intersection of West Eldorado Parkway, and Ridge Road (37,400-Plus Cars/Day)
  • Central Location within 6.5 Miles of Downtown Historic McKinney and 13 Miles to Downtown Plano
  • Subject Property Located in the 6th Fastest Growing City in the United States - McKinney, Texas (2018 U.S. Census) with 11 Percent to 20 Percent Growth Projected in the Next Five Years in the Area
  • Dense Daytime Population of 246,571 Employees with Five Miles of the Subject Property

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Shopping Strip

CareNow Urgent Care (10 Yr Lease) Shops

Listing Price: $3,924,000

Cap Rate
5.50%
Gross SF
5,251
Rentable SF
5,251
Price/Gross SF
$747.29
Lot Size
1.03 acres
Year Built
2005

Investment Highlights

  • Brand New Triple-Net (NNN) Leases with Two Established Tenants
  • CareNow Urgent Care (10-Year Lease) has 10 Percent Rental Increases Every Five Years; DragonFly is Relocating from Across the Street
  • 265,387 Residents within a Five-Mile Radius - Dallas-Fort Worth-Arlington MSA
  • Property is Currently Undergoing Renovations - Future Residual Value in the Existing Drive-Thru
  • High Visibility Location at Signalized Intersection of West Eldorado Parkway, and Ridge Road (37,400-Plus Cars/Day)
  • Central Location within 6.5 Miles of Downtown Historic McKinney and 13 Miles to Downtown Plano
  • Subject Property Located in the 6th Fastest Growing City in the United States - McKinney, Texas (2018 U.S. Census) with 11 Percent to 20 Percent Growth Projected in the Next Five Years in the Area
  • Dense Daytime Population of 246,571 Employees with Five Miles of the Subject Property

Investment Overview

With more than 150 urgent care clinics around the United States, CareNow serves patients near their home, workplace or school. CareNow clinics are open seven days a week and stay open late to provide care when its needed the most. CareNow urgent care centers are accredited through the Urgent Care Association (UCA), the highest level of distinction for urgent care earned through a detailed survey and onsite visits with UCA accreditation surveyors. Dragonfly Martial Arts have been serving the North Texas community for 20 plus years providing quality martial arts education in a fun, family-friendly atmosphere. With multiple classes for ages ranging from 3 year-olds to adults, various programs, and summer camp available, Dragonfly’s structured classes are meant to help all kids and students develop coordination, physical fitness, mental strength, and valuable social skills. Located 30 miles north of downtown Dallas and 25 minutes from the Dallas-Fort Worth International Airport, McKinney is part of the Dallas-Fort Worth-Arlington MSA, the 4th largest metropolitan area in the country. And, according to the 2018 U.S. Census, McKinney is the 6th Fastest Growing City in the United States.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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